The Real Deal Miami

Wells Fargo sells WPB office building

May 07, 2012 09:45AM

Wells Fargo has sold a two-story office/flex building in West Palm Beach, according to Berger Commercial Realty’s Keith Graves, who represented Wells Fargo in the deal. The property, which is located at 1711 Worthington Road in West Palm Beach, was purchased by Bearcash, a limited liability company, for $1.01 million. The bank-owned property was being managed by Berger Special Assets, the company’s receivership division. “The property management expertise of Berger Special Assets certainly contributed to the building’s value,” Graves said. “We were able to market it effectively to qualified buyers and secure a fair selling price for the bank.” — Alexander Britell