MIAMI, FL, Aug. 25, 2008-– The Miami office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it has closed the sale of Centurion Tower (top right photo) and NorthPoint Corporate Center, (middle left photo) two suburban Class A office buildings totaling 243,000 square feet in West Palm Beach, Florida. HFF managing director Hermen Rodríguez, (middle right photo) executive managing director Manny de Zárraga, director Ike Ojala (bottom left photo) and associate director Luis Castillo led the investment sales team on behalf of the seller, JP Morgan Asset Man
agement. 1400 Centrepark was also purchased by TA Associates as part of this transaction through HFF in July.
Centurion Tower and NorthPoint Corporate Center are located at 1601 Forum Place and 701 Northpoint Parkway respectively, proximate to Interstate 95 and downtown West Palm Beach.
Centurion Tower has 14 stories of office space totaling 143,938 square feet and is situated on a 2.3 acre site. Key tenants at the 87% occupied property include Oxbow, Kolter and BDO Seidman.
Northpoint Corporate Cente
r is a five-story, 99,030-square-foot office building that is 86.5% leased to tenants including CBS Radio Stations, AT&T and First American Title.
r is a five-story, 99,030-square-foot office building that is 86.5% leased to tenants including CBS Radio Stations, AT&T and First American Title. “Together with the sale of 1400 CentrePark, this portfolio was one of the largest of its size and prominence in the Palm Beach area,” said Rodríguez.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider o
f commercial real estate and capital markets services to the U.S. commercial real estate industry.
HFF (NYSE: HF) operates out of 18 offices nationwide and is a leading provider o
f commercial real estate and capital markets services to the U.S. commercial real estate industry. HFF offers clients a fully integrated national capital markets platform including debt placement, investment sales, structured finance, private equity, note sales and note sale advisory services and commercial loan servicing. http://www.hfflp.com/.
CONTACTS:
Hermen Rodriguez, HFF Managing Director, 305 448 1333, hrodriguez@hfflp.com/
Laurie Fish McDowell, HFF Associate Director, Marketing, 617 338 0990, lmcdowell@hfflp.com
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