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Lehman Affiliate Sells Palm Beach Sites

MIAMI—CapasGroup Realty Advisors' Brad Capas tells GlobeSt.com's Jennifer LeClaire what makes the sale of these two development sites strategic for Palm Beach County.

By Jennifer LeClaire | Updated on May 01, 2014

MIAMI—Are you keeping an eye on what’s going on two counties up? Various parts of Palm Beach County are seeing land sales and new development is pending.

CapasGroup Realty Advisors just sold two infill redevelopment sites in West Palm Beach’s North End submarket, known as the North Flagler/Currie Corridor, for $5.5 million. Brad Capas, president of CapasGroup, and Mark Pateman, director of brokerage for Cushman & Wakefield, represented the seller, an affiliate of Lehman Brothers Holdings.

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