The Real Deal Miami

NY private equity firm founder buys Palm Beach home

Brent Nicklas of Lexington Partners paid $7.8M for the house
By Amanda Rabines | October 06, 2017 01:30PM

200 Eden Road Inset: Brent Nicklas (Credit: LinkedIn)

Brent Nicklas, founder of the New York-based private equity firm Lexington Partners, and his wife Laura Pozvolska Nicklas just dropped $7.8 million for a house in Palm Beach, property records show.

The couple bought the 5,760-square-foot home at 200 Eden Road for about $1,360 per square foot. Brent Nicklas’ Lexington Partners is an independent manager of secondary private equity and co-investment funds. It manages about $38 billion worth of capital, according to its website.

Records show the sellers, spinal surgeon John R. Johnson and his wife, Ingrid, bought the home for $6.1 million in 2014, after it was built on speculation.

It hit the market with listing agent Carole Hogan of Brown Harris Stevens for $8.75 million in March, meaning it traded at a 10 percent discount. Guy Buzzelli of Scott Gordon Realty Associates represented the buyers, according to the Palm Beach Daily News.

The two-story house sits on the corner lot at North Ocean Boulevard, near the Palm Beach Country Club. Features include a living room with a fireplace, dark wood floors, a library, a three-car garage, outdoor loggias with a summer kitchen, a pool and deeded beach access.

Last week, real estate developer Francesco Galesi paid $6.5 million for a Palm Beach home that sits on the corner of the Everglades Club golf course.