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Florida & Gulf Coast  + South Florida  + Office  | 
CBRE has facilitated the $81.2-million sale of the fee simple interest in Fairway Office Center in Palm Beach Gardens, FL on behalf of NAI MHC and a JV institutional investment manager

CBRE Arranges $81M Sale of Fairway Office Center in Palm Beach Gardens

CBRE has facilitated the $81.2-million sale of the fee simple interest in Fairway Office Center in Palm Beach Gardens, FL on behalf of NAI MHC and a JV institutional investment manager.

The sellers were represented by Christian Lee, José Lobón Marcos Minaya and Tom Rappa with CBRE. The property’s leasing broker, Jason Sundook with NAI Merin Hunter Codman, also assisted.

The property was acquired by a joint venture of Parmenter Realty Partners and an affiliate of Prime Finance.

Fairway Office Center is comprised of three Class-A office buildings totaling 222,682 square feet on a 16-acre campus. The asset is 78% leased.

“These high-quality buildings benefit from excellent transit access, nearby amenities and the strong Palm Beach County leasing market. The migration of hedge funds and other financial services firms moving into the market drove nearly 250,000 square feet of new-to-market tenants in 2021,” said John Davidson, president and CEO of Parmenter Realty Partners. 

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Parmenter Realty Partners’ Davidson

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition