Palm Beach Office Building Trades For $1,600 PSF

The Palm Beach office building that previously housed private wealth firm Bessemer Trust sold for $18.67 million.

Bessemer Building Corp., managed by Marc D. Stern as CEO of New York-based Bessemer Trust, sold the 11,694-square-foot office building at 222 Royal Palm Way to 222 RPW LLC, managed by West Palm Beach-based General American Capital Investments and attorney Brad McPherson.

The price equated to $1,596 per square foot.

Bessemer Trust recently relocated its office to 525 Okeechobee Blvd. in West Palm Beach.

 

Source:  SFBJ