Ground Floor Retail Condos Sold in Downtown West Palm Beach, FL

610 Clematis Street condos, West Palm Beach, FL

 

Darlene Glayat

WEST PALM BEACH, FL -- Colliers International South Florida is pleased to announce that Kevin McCarthy, Senior Vice President, has sold four retail condominium units totaling 8,779 square feet at 610 Clematis Street in West Palm Beach.

An eight-story, 224-unit luxury residential building sits above the four ground floor retail units (CU-2, CU-3, CU-4 and CU-5) which allow retail and office use. Darlene Glayat of Touchstone Webb represented the buyer, North Palm Properties, LLC. 

 

The location is within walking distance of CityPlace, Downtown West Palm Beach, and the Palm Beach County courthouse.

Kevin McCarthy

The space is being converted from retail to office use. "The location was chosen for its proximity to both CityPlace and Clematis Street and it serves as a crossroad between those two local attractions," said McCarthy.

"This was a challenging assignment due to the long term vacancy of the site," he added. "The title was transferred through the developer, the former lender, the FDIC, and eventually through a special servicer that worked on a cooperative basis to bring the units to market. The transaction was executed successfully in a difficult environment."  

For a complete copy of the company’s news release, please contact:

Crystal Proenza

Vice President of Marketing

Colliers International South Florida

Commercial Real Estate Services

Tel: 305 476 7138

Email: crystal.proenza@colliers.com

www.colliers.com