(This story, in slightly different form, originally appeared inthe DailyBusiness Review.)
Much of the industrial real estate empire built by Fred Keller,a Palm Beach millionaire who murdered his ex-wife several years agoand who died in prison last year, is being put up for sale thisweek.
The portfolio includes 29 industrial properties, most of them inWest Palm Beach and Lake Worth, totaling about 1.2 million squarefeet. The asking price has not been determined, but Marcus &Millichap brokers Doug Mandel and Adam Kristol, who are marketingthe properties, say it will be in the $75-per-square-foot range, orabout $97 million. Local brokers familiar with the Kellers'properties say they expect them to sell for much less, between $50million and $75 million.
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