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Florida & Gulf Coast  + Florida  + Office  | 

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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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition