Palm Beach commercial landmark fetches $5.25M

The two-story structure was built for stockbroker E.F. Hutton in 1930

Jul.July 25, 2015 10:02 AM

A Palm Beach commercial building and landmark designed by noted architect Addison Mizner sold for $5.25 million.

The distinctive building with Keystone cladding at 264 South County Road housed the 264 The Grill restaurant for almost 40 years.

The buyer, Rockhopper Properties LLC, is controlled by Palm Beach resident and former Massachusetts Attorney General Darlene Jordan. She is the wife of hedge fund operator Gerald Jordan, president of Hellman, Jordan Management Co. in Boston. The deed listed the couple’s home in Palm Beach as the address of the buyer.

Two entities were the sellers of the building, Carriage House Decorations Inc. and Eclectic Inc.

West Palm Beach resident Jeanne Marks, who controls Carriage House, long operated her decorating studio in the building.

The landmarked, two-story, 5,183-square-foot building was built in 1930 as a brokerage office for E.F. Hutton, who was married at the time to Marjorie Merriweather Post. The couple had just finished building their lavish home, the Mar-A-Lago estate, on South Ocean Boulevard in Palm Beach. [Palm Beach Daily News] Mike Seemuth

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