Tony Robbins buys West Palm Beach warehouse for production studio

Robbins owns an oceanfront home in Manalapan, which he bought in 2013 for nearly $25M

Miami /
Oct.October 06, 2020 02:30 PM
Tony Robbins and 2951 Electronics Way, West Palm Beach (Getty, Google Maps)

Tony Robbins and 2951 Electronics Way, West Palm Beach (Getty, Google Maps)

UPDATED, Oct. 9, 4:10 p.m.: A company tied to motivational speaker and author Tony Robbins bought a West Palm Beach warehouse with plans to build a production studio, The Real Deal has learned.

The buyer, PB Studios LLC, tied to Anthony Robbins Companies, paid $4.4 million for the 28,000-square-foot warehouse at 2951 Electronics Way, according to a press release. A deed for the sale has not yet been recorded.

Records show that PB Studios LLC is managed by Yogesh Babla, CFO of Anthony Robbins Companies, whose businesses include a worldwide seminar and product business Robbins Research International, Namale Resort & Spa in Fiji, Fortune Practice Management, and a variety of businesses including media production under Tony Robbins Productions.

The seller is an affiliate of Bohren’s, a moving and storage company based in Robbinsville, New Jersey, according to records. Bohren’s bought the land in 2003 for $596,000. The warehouse was built in 2004. It features 38-foot-high ceilings, five bays and a full-size truck scale and weigh station, according to the release.

Marcus & Millichap’s Douglas K. Mandel, Tyler S. Kuhlman and Richard Redmond had the listing.

Kuhlman said Robbins’ purchase of a shipping warehouse to create a production studio shows the scarcity of industrial buildings in the area, which means buyers have to think creatively.

Robbins is no stranger to South Florida. In 2013, he bought an oceanfront home on South Ocean Boulevard in Manalapan for $24.75 million.

Recent industrial sales in South Florida include three warehouses in Opa-locka that sold for $11.4 million, and an affiliate of Blackstone bought a portfolio of industrial properties in Miami-Dade and Broward counties from Elion Partners for $93.5 million.


Related Articles

arrow_forward_ios
Renderings of the project with Minto Communities president Michael Belmont (Minto, Konover South)
Minto Communities plans 50-acre Westlake Landings business park in Palm Beach County
Minto Communities plans 50-acre Westlake Landings business park in Palm Beach County
Value Store It President Carlos Diaz with the two properties (Diaz)
Value Store It buys two Palm Beach County properties for $35M
Value Store It buys two Palm Beach County properties for $35M
Novak Djokovic with the unit (Eighty Seven Park unit photo via Lenny Kagan, Djokovic via Getty)
Novak Djokovic sells Miami Beach condo for modest profit
Novak Djokovic sells Miami Beach condo for modest profit
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Greg Norman and Tommy Hilfiger (Getty, iStock)
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Buy this, sell that: South Florida luxury homeowners reshuffle during resi boom
Stephen Ross (Getty) with Esperanté Corporate Center at 222 Lakeview Avenue in West Palm Beach
Related Companies buys half ownership interest in West Palm office tower
Related Companies buys half ownership interest in West Palm office tower
Tommy and Dee Olceppo Hilfiger with 313 Dunbar Road (Getty, Google Maps)
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Tommy Hilfiger drops $21M for waterfront Palm Beach home
Nicholas and Caroline Rafferty and 6709 South Flagler Drive, West Palm Beach (Getty/Patrick McMullan, Google Maps)
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
Financial adviser and interior designer buy waterfront West Palm Beach house for $7M
arrow_forward_ios

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

Loading...