July 25, 2019 Comments Off on KBS Sells West Palm Beach Office Tower for $72M Views: 404 Florida, National News, Southeast

KBS Sells West Palm Beach Office Tower for $72M

Private equity real estate company KBS has sold Financial Center at the Gardens, a 10-story, 188,950-square-foot office tower for $71.8 million.

Located in the PGA Boulevard submarket, the property is within walking distance to the Gardens Mall and is adjacent to Downtown at the Gardens, a lifestyle center that includes restaurants, retail, entertainment venues, country clubs and golf courses.

Mike Davis, Dominic Montazemi, Rick Brugge and Scott O’Donnell of Cushman & Wakefield represented KBS in the transaction. The buyer was New York Life Insurance Co. KBS originally purchased the property in 2015 in a joint venture with a sovereign partner.

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