The Real Deal Miami

Late killer’s property portfolio for sale

December 08, 2008 12:36PM

Properties owned by Fred Keller, a Palm Beach millionaire who
murdered his ex-wife several years ago and who died in prison last
year, are being put up for sale this week. The mostly industrial
properties in West Palm Beach and Lake Worth total about 1.2 million
square feet. The asking price has not yet been determined, but Marcus &
Millichap brokers Doug Mandel and Adam Kristol, who are marketing the
properties, say it will be in the $75-per-square-foot range, or about
$97 million. Local brokers familiar with Keller’s properties say
they expect them to sell for much less, between $50 million and $75
million.