The Real Deal Miami

PB Gardens office building sells for $14M

Partnership acquires Tire Kingdom parent company HQ
4300 TBC Way in Palm Beach Gardens

4300 TBC Way in Palm Beach Gardens

The Palm Beach Gardens headquarters of Tire Kingdom’s parent company has traded for $14 million.

TBC HQ sold the 44,415-square-foot office building at 4300 TBC Way to a British Virgin Islands-registered partnership, South Florida Business Journal reported. The buying partnership is between Nashville-based companies Turbo Investments and AGMS. A Nashville lender, Avenue Bank, gave an $8.5 million mortgage to the buyers.

The selling company is a partnership between Steven Sciarretta and Palm Beach Gardens builder Daniel Catalfumo.

Tire Kingdom parent TBC Corp. has its headquarters at the building. [South Florida Business Journal]Eric Kalis