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West Palm Office Park Trades for $12M
Cushman & Wakefield has arranged the $12.3 million sale of Northpoint Business Plaza, a 79,516-square-foot office park in West Palm Beach.
Developed in 1988, Northpoint Business Plaza is comprised of four, single-story office buildings on a six-acre site at 901 Northpoint Parkway. The park is situated less than one mile from the Interstate 95 interchange at 45th Street. At the time of sale, the buildings were 97% occupied to a tenant roster that includes Healthy Mothers, Healthy Babies; Wood Environment & Infrastructure Solutions; Kennedy Contractors Inc. and the Florida Department of Highway Safety.
Greg Miller, Scott O’Donnell, Miguel Alcivar and Michael Ciadella of Cushman & Wakefield, along with Michael Falk and Scott Weprin of Colliers International, represented the seller, Northpoint Investments Partnership, in the transaction. The buyer was ATCG LLC.
In addition, Jason Hochman of Cushman & Wakefield’s Equity, Debt and Structured Finance Group secured a $7.4 million acquisition loan on behalf of ATCG from lender Citi.
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- ◦Sale/Acquisition
