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PALM BEACH, FL—In what brokers call an example of strong investor interest in income-producing assets with upside potential in promising locations, 314 Clematis Street has traded for $3.2 million. PI-314 Clematis acquired the asset from an affiliate of Ram.

David Donnellan, a first vice president with CBRE, along with Todd Weintraub, represented the seller. CBRE has also been retained by the new owners to provide leasing services. Joshua Nolan and Anthony Librizzi of CBRE’s Palm Beach Gardens office will lead the charge.

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