Two office buildings on Banker’s Row in Palm Beach are reportedly set to be auctioned off online.
FJK Properties and FJK III Properties lost a nearly $11 million foreclosure judgment, according to a published report, against General Electric Capital Corp. Tenants include Fidelity Investments, Wilmington Trust and Blue Sea Capital, according to the Palm Beach Daily News.
The 19,242-square-foot building at 230 Royal Palm Way and the 10,296-square-foot building at 240 Royal Palm Way are headed to an online auction in May, the South Florida Business Journal reported. FJK bought the buildings for a total of $2.8 million in 1996 and 1997, according to Palm Beach County property records. They were built between 1950 and 1957. Combined, the sites are nearly one acre. [South Florida Business Journal] — Katherine Kallergis