Liberty Global CEO buys Palm Beach home

CBRE Clarion co-founder sold the non-waterfront home
By Katherine Kallergis | August 05, 2019 01:30PM

Mike Fries and 146 Seaspray Avenue (Realtor)

Mike Fries and 146 Seaspray Avenue (Realtor)

UPDATED, Aug. 6, 10:27 p.m.: The CEO of a multinational telecommunications company paid $6.2 million for a home in Palm Beach.

Property records show Michael Fries and Michelle Malone closed on the sale of the four-bedroom, 3,542-square-foot house at 146 Seaspray Avenue. The sellers are Jarrett Kling, a managing director at CBRE Clarion, and Judith Kling.

Fries is CEO and vice chairman of Liberty Global, a television and broadband company with offices in London, Amsterdam and Denver. The firm is the largest broadband internet service provider outside of the U.S. Fries is also executive chairman of Liberty Latin America and is on the corporate boards of Grupo Televisa and Lionsgate Entertainment.

Jarrett Kling co-founded Audit Investments, the predecessor to CBRE Clarion, in 1969. The investment management firm, then ING Clarion Real Estate Securities, joined CBRE Group in 2011.

The Klings paid $1.15 million for their Palm Beach home in 1999. The British Colonial-style home includes a one-bedroom guest house, a heated pool, garage and pool cabana. The house sits on a 9,187-square-foot lot.

Austin Whitney McGurk with Brown Harris Stevens of Palm Beach represented the sellers. Dana Koch of The Corcoran Group represented the buyers.

A number of record sales have closed in Palm Beach this summer, and one more that is set to close soon could set a new record. Beauty mogul Sydell Miller is under contract to sell her sprawling Palm Beach estate for more than $110 million.

The previous record was the $105 million sale of 1295 South Ocean Boulevard in June.