PALM BEACH, FL—In a deal that industry watchers say issignificant for Palm Beach County, Document Storage Systems (DSS)snapped up a 50,000-square-foot office buildingfrom for $5.2 million. The asset is located at 701 US Highway Onein North Palm Beach.
Tom Burst, director of sales and leasing atKRES Commercial, represented the buyer. Bursttells GlobeSt.com that DSS was interested in the building first andforemost because it had 30,000 square feet available to occupy.
“The seller will remain on the top floor with a short termlease, allowing for income and room for future growth,” Burst says.“The building was extremely well maintained, has good curb appealand is close to the headquarter building in Juno Beach.”
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