The Real Deal Miami

Three PBC deals total $33 million

January 04, 2011 08:20AM

Three year-end deals in Wellington, Palm Beach Gardens and Palm Beach
totaling $33 million closed at the end of last month. The largest of the
deals was a $12.8 million purchase of a 48,000-square-foot medical building in
Wellington currently occupied by Wellington Regional Medical Center.
Another sale saw TA Associates Realty, based in Boston, pay $11 million
for a 35,000-square-foot office at 3507 Kyoto Gardens Drive in Palm
Beach Gardens. Finally, buyer 231 Royal Palm Way paid $8.9 million for a
11,576-square-foot building at 231 Royal Palm Way in Palm Beach
currently leased by PNC Wealth Management. [Palm
Beach Post]