LANTANA, FL-Three local buildings totaling 33,500 sf are said to be under contract to be sold by American Media Inc. for $1.35 million or $40.29 per sf to investor Lou Appignani. Included in the deal is the 7.6-acre site bordering the tracks of the Florida East Coast Railway near this town’s small Downtown.

The property had been on the market since American Media, publishers of the National Enquirer, Weekly World News and Star, bought the Globe, another supermarket tabloid, and began consolidating operations at the Globe’s 60,000-sf headquarters, about 25 miles south in Boca Raton.

Industry sources say that Appignani, who owns nine South Florida buildings, plans to rename his new acquisition the Lantana Business Park when he begins seeking tenants. There is also a report that he could try to flip the property for $2.1 million, which is the price American Media had originally sought.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt Net Lease Spring 2024Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.