WEST PALM BEACH, FL – Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has announced the sale of the Blackstone Building (top left photo), a three-story office building with street level retail located in downtown West Palm Beach, FL, according to Gregory Matus, Vice President/Regional Manager of the firm’s Fort Lauderdale, FL office. The asset commanded a sales price of $3,000,000.
Douglas K. Mandel, (lower right photo) Vice President Investments and Brian L. Rosen, Associate in the Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a local West Palm Beach owner/developer.
The Blackstone Building comprises 16,721 square feet, 5,791 square feet of which is retail and the remaining 10,930 square feet is office.
Palm Sugar, an Asian restaurant and dessert bar, occupies the ground level retail space and its office tenants include a law firm, testing center and other strong local tenants. The property is located at 100 S Dixie Highway in downtown West Palm Beach on the hard corner of Clematis Street and Dixie Highway.
Press Contact:
Ashley Steele
Fort Lauderdale Office
954.245.3400
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