The nonprofit operator of the Bill Koch-founded Oxbridge Academy of the Palm Beaches acquired its West Palm Beach facility in a $24.3 million transaction.
Oxbridge Academy Foundation purchased its private high school at 3151 North Military Trail from the Palm Beach Jewish Community Campus Corp., according to Palm Beach County records. The county recorded the deal last Wednesday. No financing was recorded.
The 194,000-square-foot campus was originally constructed on 37 acres in 1991. Oxbridge Academy began operating at the site in 2011, according to its website. It is governed by the Florida Council of Independent Schools (or FCIS).
Koch, the billionaire energy mogul who owns property in Palm Beach, cited a desire to have a South Florida private school available to students from all income levels when creating Oxbridge Academy. — Eric Kalis