Tenant bails on its luxury Clematis Street digs, lawsuit claims

Miami /
Oct.October 13, 2014 04:30 PM

West Palm Beach hopes to position itself as a major finance center. But that ambition has taken a blow with the Argent Group leaving its luxury Clematis Street digs. Moreover, a lawsuit alleges the firm didn’t pay rent.

Over the summer, Clematis Street Property sued Argent Asset Group, a Delaware company, in Palm Beach County Circuit Court for eviction and back rent after Argent “abandoned” its Southeast Headquarters in late August, according to the Palm Beach Post.

Landlord William Weisman claims Argent was only in the third-floor space, located at 221 Clematis Street, for only a few months during the five-month period of free rent.

But according to Argent Group co-president Robert Higgins, the firm still wants a presence in Palm Beach. He claims a death in the family, plus problems with an employee, led to a temporary shutdown. Higgins said he plans to go to West Palm Beach in a couple of weeks to see if “we can resurrect” the deal. [Miami Herald] – Christopher Cameron


Related Articles

arrow_forward_ios
Rick and Marie Wackenhut with 930 South Ocean Boulevard in Palm Beach (Google Maps, Nantucket Statue Fund) 
Wackenhut heir sells historic Palm Beach estate for $18M
Wackenhut heir sells historic Palm Beach estate for $18M
Donald Trump with sons Eric and Don Jr. and 1125 South Ocean Boulevard (Getty, Google Maps/Illustration by Alexis Manrodt for The Real Deal)
Trump lists beachfront mansion next to Mar-a-Lago for $49M
Trump lists beachfront mansion next to Mar-a-Lago for $49M
Chris Leavitt, Ashley McIntosh, Tal Alexander, Oren Alexander, Dina Goldentayer and Gary Pohrer (Douglas Elliman)
Palm Beach agent Gary Pohrer and The Alexander Team take top awards at Elliman
Palm Beach agent Gary Pohrer and The Alexander Team take top awards at Elliman
1440 South Ocean Boulevard and Sydell Miller (Google Maps, Getty)
Facelift required: Beauty mogul sells Palm Beach lot for $42M
Facelift required: Beauty mogul sells Palm Beach lot for $42M
450 Royal Palm Way and the buyer H. William Perry. (Google Maps, Gunster)
Banker’s Row office building in Palm Beach sells for $17M
Banker’s Row office building in Palm Beach sells for $17M
Carl Panattoni and 965 North Ocean Boulevard (Photos via Panattoni Europe, Google Maps)
Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
Carl Panattoni sells oceanfront Palm Beach property for $34M to Stock Development
A photo illustration of Brickell City Centre (Illustration by Kevin Rebong for The Real Deal)
Brickell City Centre developer sues Arquitectonica, contractors over alleged defects
Brickell City Centre developer sues Arquitectonica, contractors over alleged defects
David Tepper and 905 North Ocean Boulevard (Getty, Google Maps)
Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
Hedge fund billionaire David Tepper paid $68M for Palm Beach mansion
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...