PALM BEACH, FL—Luxury retail in West Palm Beach is trading. O'Connor Capital Partners has acquired 150 and 151 Worth Avenue, a 142,000-square-foot luxury shopping center located on West Palm Beach's prestigious Worth Avenue.
New York-based O'Connor made the $106 million acquisition on behalf of an institutional client. The buyer assumed a $59 million CMBS mortgage.
Originally developed in phases by The Goodman Company from 1978 to 2001, Saks Fifth Avenue and Neiman Marcus anchor the luxury retail. The Worth Avenue shopping center is also home to a select group of luxury retailers that includes Gucci, Louis Vuitton, Tory Burch, and Pucci, as well as several other notable national and local tenants.
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
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.
