The Real Deal Miami

Chicago investment firms acquire two Palm Beach office buildings

Avison Young handling leasing and management at 44,000-square-foot space
July 25, 2013 04:00PM


Royal Palm Way in Palm Beach

Two Chicago real estate investment firms Kinship Capital and Pearlmark Real Estate Partners teamed up to buy two office buildings on Royal Palm Way in Palm Beach, the South Florida Business Journal reported.

The Class A buildings at 340 and 350 Royal Palm Way take up a total of 44,000 square feet in the office section of the city known as banker’s row. The dollar amount of the purchase was not specified.

Jonathan Satter and Donald DeWoody in Avison Young’s Southeast Florida office were tapped to handle leasing and management of the buildings. Ethan Meers and Nick Thomson of Kinship Capital and Dirk Degenaars of Pearlmark Real Estate Partners represented their respective companies in the deal.

Avison Young, the world’s fastest-growing commercial real estate manager, doubled its total square footage under management in Florida in just six months, as previously reported. [South Florida Business Journal]Mark Maurer