IPA Brokers Office Asset Sale In Palm Beach County
The 43,878-square-foot professional building located within PGA Station sold for $15.5 million.
IPA Brokers Office Asset Sale In Palm Beach County Read Post »
The 43,878-square-foot professional building located within PGA Station sold for $15.5 million.
IPA Brokers Office Asset Sale In Palm Beach County Read Post »
The seller originally acquired the property in 2017 for $12.2 million.
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The deal closed as-is with no inspections in just 30 days.
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According to local brokers, asking rents in excess of $100 per square foot are prompting more companies to explore suburban alternatives. That shift is helping spark new office construction outside the urban core.
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The project will feature 140,000 square feet of premier office, retail, and hospitality space.
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Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.
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