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The Real Deal Miami

PB Lakefront lot goes for $15M

September 30, 2010 02:30PM

In two separate transactions, the Landmark Estates Lot 3 has been sold
in two separate parcels for $15 million by Paul Maddock, Jr. and the
Bessemer Trust Co. The southern parcel of Lot 3 was bought by PB Dock, a
Florida company, for around $7.5 million, while the north portion was
bought by PB Waterway for just about the same price. Both buyers are
represented by accountant David Lifson, at Crowe Horwath LLP in New York
and attorney Robert Brody of West Palm Beach. The buyers were
represented by Lawrence Moens of Lawrence A. Moens Associates. The lot
is adjacent to the deconsecrated Old Bethesda Church, with 45,973 square
feet, or 1.06 acres. [Palm
Beach Daily News]