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County Nearing End of Land Negotiations

WEST PALM BEACH, FL-In a move to centralize operations, Palm Beach County officials are offering about $7.3 million, or $2.70 per sf, for 62 acres of land zoned for light industrial use in this city 67 miles north of Miami.

By David R. Corder | Updated on July 11, 2001

WEST PALM BEACH, FL-Elected Palm Beach County officials will learn later this month whether $7.3 million is enough to buy 62 acres of land zoned for light industrial use in the 500-acre Vista Center Corporate Park. County staff presently is negotiating to buy the Vista Center property at an estimated $117,742 per acre, or $2.70 per sf, from West Palm Beach-based Palm Beach Commerce Center Associates Ltd., a holding of Miami-based Palmcos Inc. and Palmcos II Inc.

The county began a search in earnest earlier this year for a light industrial site as part of an estimated $36-million strategic plan to physically consolidate a number of its operating units.

“We’ve been talking about centralizing facilities for maybe five, 10 years,” John Chesher, who directs the county’s capital improvements division, tells GlobeSt.com.

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