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$9M Buy of Singer Island Office Adds to New Owner’s $242M South Florida Tally
A private investor has purchased the Singer Island Corporate Center in West Palm Beach, FL for $8.6 million. The multi-tenant, 45,198 square-foot, five-story office building is at 2655 N Ocean Drive on Singer Island.
Bastian Laggerbauer and Mark M. Rubin of Colliers represented the seller, Nashua, NH-based R.J. Finlay & Co. Tony Hollis from the Hollis Realty Group represented the buyer..
“Out-of-market investors remain bullish in the South Florida office market,” said Rubin. “This sale reflects their steady pursuit of assets with rent growth potential in the flourishing greater West Palm Beach Submarket.”
In the last three years, the buyer has been involved in acquiring Delray Retail Plaza, a mixed-use plaza for $30 million; DiVosta Towers, two Class A office towers for $80 million; 800 Brickell, a Class A office tower for $126 million; and a 1.2-acre site for $5.5 million for the development of a 12-story office building in Commerce Pointe Corporate Center in West Palm Beach.
- ◦Sale/Acquisition
