MIAMI—Property Group Partners, formerlyLouis Dreyfus Property Group, just snapped up 324Royal Palm Way, a 25,000-square-foot luxury officebuilding in Palm Beach, FL. The $18 million acquisition expands thefirm's South Florida footprint.
Cushman & Wakefield director MarkPateman and associate director TaraEngland represented the buyer in the transaction. PalmBeach-based Armata Holdings was the seller.
“This was a classic relationship transaction,” Pateman, whoalong with England managed the building's leasing for Armata priorto the sale, tells GlobeSt.com. “While Armata was not activelyshopping the deal, we knew they were willing and we were able topresent an actionable offer.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
