Thrivent’s chief commercial officer, who was formerly president of Allstate Financial Businesses, bought an oceanfront townhome in Highland Beach for $5.9 million.
Property records show Mary Jane Fortin, through a trust in her name, bought the under-construction townhouse at 4519 South Ocean Boulevard from Nadiya Alibhai.
Fortin was president of Northfield Township, Illinois-based Allstate Financial Businesses from 2017 to 2020, before taking her current position as EVP and chief commercial officer at Minneapolis-based Thrivent, according to her LinkedIn profile.
Thrivent is a Fortune 500 financial services organization that offers financial planning, insurance, and investments, according to its website. It has $189 billion in assets under management. Fortin is in charge of expanding the company’s life insurance, health insurance and annuities, according to a Thrivent press release.
Deena Dick and Jennifer Kilpatrick with the Corcoran Group had the listing. Stephen Brendle with Boca Raton Lang Realty represented Fortin. The deal was completed off-market, Dick said.
The townhouse was built in 1990, according to records. Alibhai bought it last year for $2.4 million and began gut-renovating it, Dick said. It remains under construction.
Brendle said the 4,082-square-foot townhouse has four bedrooms, four bathrooms and one-half bathroom. Lake Worth-based JEY Property Group is handling renovations, both Dick and Brendle said.
Alibhai also bought the next-door townhome at 4517 South Ocean Boulevard in 2020 for $2 million, and had offered it as a short-term rental, Dick said.
South Florida has experienced a housing boom turbocharged by the pandemic — and Highland Beach along with other coastal towns, has experienced strong interest from wealthy buyers.
Last month, celebrity physician Nicholas Perricone bought an oceanfront Highland Beach townhome near Fortin’s for $6.8 million, and in February hedge fund manager Paul Saunders and his wife, Victoria, paid a record $34.7 million for an oceanfront estate.
In October, billionaire Don Hankey bought an oceanfront Highland Beach mansion for $30.3 million from Eric Moskow, through an entity linked to him. Moskow flipped the property for 40 percent more than its purchase price seven months earlier.