JLL Closes 45.7M Sale Of Downtown West Palm Property
Originally built in 1925, echo was repositioned in 2021 and offers Class A office space with approximately 10,000 square feet of ground floor retail and a 257-space parking garage.
Originally built in 1925, echo was repositioned in 2021 and offers Class A office space with approximately 10,000 square feet of ground floor retail and a 257-space parking garage.
The multi-phase project will encompass approximately 2.5 million square feet of new commercial, residential, and hotel product once complete.
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
ABANCA USA and BankUnited provided the loans.
The project will consist of a mixed-use retail and office, restaurant outparcels, a daycare and early learning center, as well as a 3-level parking garage.
The store serves as one of the anchor tenants in the Uptown Boca development.
The approved site plan encompasses over 405,000 square feet of office space in two buildings, four new retail and restaurant outparcel buildings totaling nearly 43,000 square feet, a nearly 37,000-square-foot luxury fitness facility and 500 multifamily units.
The property is currently 100% occupied and has historically operated at full occupancy during Urban Street Development’s ownership.
The property is being redeveloped into a mixed-use campus by Related Group, BH Group, and PEBB Enterprises.
She brings 20 years of real estate experience with a strong emphasis on South Florida’s retail market.
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