The chief executive officer of a company that builds auto dealerships paid $17 million for three parcels just east of Interstate 95 in Palm Beach Gardens.
Robert Rawe, CEO of AutoBuilders, plans to construct a pair of office buildings on the site and renovate a former Robb & Stuckey furniture store there, which spans 100,000 square feet.
Rawe told the Palm Beach Post in a prepared statement that he will move the West Palm Beach office of AutoBuilders to the Palm Beach Gardens site. He also said he expects to announce a major office tenant within two weeks.
The site he bought is at the corner of PGA Boulevard and RCA Boulevard in Palm Beach Gardens. Rawe has a partnership with a former owner of the site, Palm Beach County developer Dan Catalfumo, to develop it.
Joy Eichner of Aaron Group Realty represented Rawe in his acquisition of the site, and Stiles Realty represented the seller. Eichner also will market the site to prospective tenants.