Trophy Office Asset In West Palm Goes On The Block

West Palm Beach’s CityPlace Tower is up for sale.
Owner KBS Realty Advisors is testing the market three years after purchasing the building for nearly $127 million, the Palm Beach Post reported, and has tapped Eastdil Secured to market the Class A building.
The Related Cos. and Crocker Partners constructed the 18-story CityPlace in 2008 and brought occupancy to 86 percent before selling the property to KBS. Occupancy at the 525 Okeechobee Boulevard building is currently at 95 percent.
 
Source:  The Real Deal