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Florida & Gulf Coast  + South Florida  + Office  |  June 23, 2021
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By: David Cohen

Palm Beach Medical Office Property Trades for $6M

Colliers has arranged the $6.3 million sale of a medical office building located at 1301 N Congress Ave. in Palm Beach County.

Located in Boynton Beach, the 40,980-square-foot property offers prominent visibility and access from Congress Avenue, providing tenants the option to walk to a number of restaurants, retail stores and other amenities. The asset is also adjacent to the Boynton Beach Mall, which is set to be redeveloped. The proposed plan would cut nearly 40 percent of the mall’s retail space to build housing, hotel rooms and other uses.

Mark Rubin and Bastian Laggerbauer of Colliers represented the buyer, Triple Double Real Estate, in the transaction. The seller, TP Eleven LLC, was represented by David Duckworth of Avison Young.

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Colliers’ Rubin

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.
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