Office Depot CEO buys Huizenga Jr.’s mansion

Waterfront Palm Beach County home sold for its asking price

Miami /
Nov.November 16, 2017 12:15 PM

Gerry Parrish Smith and the Delray mansion (Credit: LinkedIn)

Office Depot CEO Gerry Smith found himself a new home in South Florida, property records show.

Smith paid $6.7 million for the waterfront mansion at 16191 Quiet Vista Circle in Palm Beach County. The seller is the son of South Florida billionaire H. Wayne Huizenga, H. Wayne Huizenga Jr. and his wife, Fonda.

The couple listed the seven-bedroom, 10-bathroom house in October for the same price. The 11,000-square-foot home sold for roughly $615 per square foot. It sits on five acres in the Stone Creek Ranch residential development.

Hap Pomerantz of Keyes represented Smith and his wife, Michelle. Records show they financed the purchase with a $3.75 million mortgage from Wells Fargo.

In August, amid slumping sales, Office Depot paid $132 million for its Boca Raton headquarters at 6600 North Military Trail.

Billy Nash of the Keyes Company’s represented Huizenga Jr., who serves as president of Huizenga Holdings of Fort Lauderdale and as chief executive officer of Rybovich Superyacht Marina in West Palm Beach. His billionaire father co-founded Waste Management, led the Blockbuster video-rental company in the 1990s and has owned three professional sport teams in South Florida: the Miami Marlins, the Miami Dolphins and the Florida Panthers.


Related Articles

arrow_forward_ios
Paul Saunders with 2700 North Ocean Drive (LinkedIn, Redfin)
Hedge funder Paul Saunders, wife sell Riviera Beach condo
Hedge funder Paul Saunders, wife sell Riviera Beach condo
The property at 102 Jungle Road with Ivana Trump and Tomas Maier (Google Maps, Getty, Wikipedia)
Ivana Trump’s former Palm Beach mansion sells for $73M
Ivana Trump’s former Palm Beach mansion sells for $73M
From left: Buyers Neil Merin, Dung Lam and Jordan Paul along with 1001 Yamato Road (top) and 999 Yamato Road (bottom) (NAI/Merin Hunter Codman, Moris Moreno)
Yamato Office Center in Boca Raton trades for $46M
Yamato Office Center in Boca Raton trades for $46M
An aerial of the Mainstreet at Boynton with Banyan Development principal Jason Sher and Pebb Enterprises CEO Ian Weiner (LinkedIn, Pebb Enterprises, Aerial via Andy Traficante – Atlantic Aerial Imaging)
Pebb, Banyan sell Wawa-leased building at Mainstreet at Boynton
Pebb, Banyan sell Wawa-leased building at Mainstreet at Boynton
151 Chilean Avenue in Palm Beach (Realtor.com, iStock)
Billionaire bows out: David “Duke” Reyes, wife, sell Palm Beach home for $21M
Billionaire bows out: David “Duke” Reyes, wife, sell Palm Beach home for $21M
O’Connor Capital's William O’Connor and 151 Worth Avenue (O’Connor Capital Partners, Google Maps)
Ex-Neiman Marcus building on Palm Beach’s Worth Avenue trades for $78M
Ex-Neiman Marcus building on Palm Beach’s Worth Avenue trades for $78M
Pantzer's Jason and Jordan Pantzer with The District Flats apartment complex at 1701 Clare Avenue (Pantzer Properties, Google Maps)
Pantzer pays $78M for West Palm Beach apartment complex
Pantzer pays $78M for West Palm Beach apartment complex
Pebb Enterprises' Ian Weiner (right) and Banyan Development's  Jason Sher with Research Park at Florida Atlantic University (Pebb, Avison Young, LinkedIn, iStock)
Pebb, Banyan pay $37.5M for Research Park at FAU in Boca Raton
Pebb, Banyan pay $37.5M for Research Park at FAU in Boca Raton
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...