MIAMI—Golden Bear Plaza, a boutique office campus located on Palm Beach County's Prestige Coast, has traded hands. The sale price: $62.3 million, or $254 per square foot.

Located at 11760 US Highway 1 in Palm Beach Gardens, the 245,673-square-foot class A, three-building property was sold to an affiliate of Alliance Partners HSP, the East Coast operating platform of the Shidler Group. Neil Merin with NAI Merin Hunter Codman and CBRE's Christian Lee and José Antonio Lobón represented the seller, Equus Capital Partners, Ltd.

“Developed between 1985 and 1990 by Jack Nicklaus's company, Golden Bear Plaza, is a locally-recognized landmark affording its tenants an address with panache as well as panoramic views of the Intracoastal Waterway and the Atlantic Ocean,” says Lee, vice chairman at CBRE Capital Markets. “Golden Bear's strategic location on the east side of the PGA Boulevard Bridge makes it the Prestige Coast's only institutional office building and the logical office address for wealthy decision-makers who live in Jupiter, Sea Colony, Juno Beach, and the adjacent Lost Tree Club.”