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Florida & Gulf Coast  + South Florida  + Office  | 

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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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