Texan buys in Guaranty Building

A Texas-based investor has purchased the majority of the office
condominium units in the Guaranty Building in West Palm Beach, buyer Joe
McCart announced. McCart said his company closed on the historic
seven-story building at the corner of South Olive Avenue and Datura
Street after signing a contract to purchase with Fifth Third Bank 45
days ago. “We see this as being a gem in downtown West Palm Beach and an
extreme opportunity to own a piece of history,” McCart said. He is
based in San Antonio but owns a home in nearby Jupiter. [Palm
Beach Post]