The Real Deal Miami

Palm Beach offices sell for $1,242 per square foot

The vacant building on South County Road previously housed a branch of TD Bank
May 07, 2017 02:00PM

380 South County Road in Palm Beach (Credit: Michael Ares / Palm Beach Daily News)

An office building in Palm Beach that previously housed a branch of TD Bank sold for $7.35 million.

A company controlled by Regine Taulsen, wife of former town councilman Bill Diamond, sold the vacant office building for $1,242 per square foot.

Located at 380 South County Road, the building has slightly less than 6,000 square feet. Traulsen had had owned the building through Traulsen Realty LLC since 2010, when it changed ownership at a recorded price of $6 million.

The new owner is a limited liability company managed by Susan D. Hudson, who listed her address on the deed as the address of Conner Strong & Buckelew Co. Inc., an insurance brokerage headquartered in New Jersey.

Among the other companies affiliated with Hudson is General American Asset Management LLC, the Palm Beach Daily News reported.

The brokerage agent who represented the buyer is John O. Pickett III of Brown Harris Stevens. Broker Lawrence Moens represented the seller. [Palm Beach Daily News]Mike Seemuth