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| Logan Holz Sr. |
JACKSONVILLE, FL -
Cushman & Wakefield announced the sale of the A.G. Holley site in Lantana
for $15.6 Million.
The land for sale
was a joint bid offering from the State of Florida’s Department of
Environmental Protection and Cushman & Wakefield of Florida, Inc, for one
of the last remaining developable parcels east of Interstate 95 in Palm Beach
County.
Cushman & Wakefield’s Logan Holz, Sr. Director
from the firm’s Jacksonville office, and Christopher Thomson, Sr.
Director in South Florida, led the project.The buyer was Lantana Development,
LLC.
The A.G. Holley site is comprised of 79.91 acres of Mixed
Use Industrial land and is located at the Northeast intersection of Lantana
Road and Andrew Redding Road in Lantana, Palm Beach County, Florida.
The land was owned by the State of Florida, which leased the
land to the Department of Health and Rehabilitative Services under a 99 year
ground lease expiring in 2071, which operated the former A.G. Holley Hospital
for 62 years until it was closed in 2012.
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| Christopher Thomson Sr. |
The site is ideally located within the Palm Beach County
market. It is situated approximately one-half mile east of Interstate 95, one
mile west of the Atlantic Ocean, nine miles east of Florida’s Turnpike, 9.5
miles south of Palm Beach International Airport, and 10.2 miles south of the
West Palm Beach CBD.
“This was a great opportunity for the State of Florida to
capitalize on one of its underutilized properties and also bring a nice
development to the City of Lantana that will produce tax revenue and amenities
to the city,” stated Cushman’s Christopher Thomson.
"We always believed that the market would recognize the
true value of the property," added Holz.
For a complete copy of the company’s news
release, please contact:
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