A new-to-market New York investor paid $30.05 million for Palm Beach Gardens' Corporate Center at the Gardens, comprised of two Class A buildings with 115,000 square feet.
March 24, 2016 at 12:00 AM
1 minute read
A new-to-market New York investor paid $30.05 million, or about $261 per square foot, for prime Palm Beach Gardens office buildings.
Alchemy-ABR Investment Partners — a venture between investor Brian Ray and developers Kenneth Horn, Joel Breitkopf and Alex Saltzman — made the purchase in partnership with Breakers Capital Partners LLX, a Miami-based investor whose Palm Beach County holdings include an 11-story office complex purchased in 2012.
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