Palm Beach Gardens office building sells for $25m

Palm Beach Gardens office building sells for $25m

Published at: 2018-12-12 15:56 | Author: CIJ USA
Owens Realty Capital and Galium Capital acquired a class A boutique office building in Palm Beach Gardens, Florida, for $25.1m. Holliday Fenoglio Fowler represented the seller, GLL Real Estate Partners, and also arranged a seven-year, fixed-rate acquisition loan through Regions Bank. Completed in 2006, the 67,500 sq ft building changed hands for just under $372 per sq ft. The asset is currently 95 percent leased to tenants like Nason, Yeager, Seacoast National Bank, McNicholas & Associates and TEKsystems.

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