PALM BEACH, FL—It's the largest office building sale in Palm Beach County so far this year. Beacon Square has traded hands. Avison would not disclose the sale price, and it is not yet listed in the public record.

For context, six investment sale transactions closed through the first three quarters of the year, accounting for a total of 456,959 square feet with a dollar volume of $42.7 million, according to CBRE. The average price per square foot came in at $93.55.

Three properties closed during the third quarter. CDS International Realty LLC acquired 100 Linton Towers in Delray Beach from Linton Towers LLC for $6.8 million, or $141 per square foot. Admiralty Acquisition Co LLC acquired 4400 PGA Boulevard, Palm Beach Gardens in an REO sale for $5.95 million, or $74 per square foot. Pavillion Law Center, LLC acquired Pavillion Office Center in North Palm Beach from Pavillion Office Center Ltd. for $3 million, or $62 per square foot.

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
NOT FOR REPRINT

© 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.