A non-waterfront estate in Palm Beach sold for more than five times its last sale price, adding to a Chicago hedge fund CEO’s multimillion dollar Palm Beach portfolio, according to a family spokesperson.
Tracy Kamenstein Markin sold the 8,421-square-foot mansion for $15.2 million.
CPPB Holdings, a Chicago-based company tied to Citadel founder and CEO Kenneth Griffin, was the buyer. Citadel is an international hedge fund and asset manager. A representative from Griffin’s family office, Molly McEvily, is listed on the deed.
A company tied to Griffin owns the properties at 20 Blossom Way, 30 Blossom Way, 40 Blossom Way, and 50 Blossom Way. The LLCs acquired those four sites for nearly $130 million in January 2013, according to the Palm Beach Daily News.
The seller was married to the late David R. Markin, a business executive and philanthropist who was the former owner of Checker Motors Corp.
The Markins paid $2.65 million for the home in 1992, according to Palm Beach property records. Sotheby’s International Realty had the listing. The 1.45-acre property, at 70 Blossom Way, includes four bedrooms, six bathrooms, a pool and tennis courts.