Office Building Package Sells in West Palm Beach

The Miami office of Holliday Fenoglio Fowler L.P. has closed the sale of Centurion Tower and NorthPoint Corporate Center, two suburban Class A office buildings totaling 243,000 square feet in West Palm Beach, Florida for an undisclosed amount.  According to a CPN article, 1400 Centrepark was also purchased by TA Associates as part of this transaction through Holliday Fenoglio in July.

Centurion Tower, 143,938 square feet in total, is situated on a 2.3-acre site and is 87 percent occupied with 14 stories of office space and key tenants including Oxbow, Kolter and BDO Seidman.  NorthPoint Corporate Center, a five-story, 99,030-square-foot office building, is 86.5 percent leased to tenants including CBS Radio Stations, AT&T and First American Title.

HRR's Hermen Rodriguez, Manny de Zárraga, Ike Ojala and Luis Castillo led the investment sales team for the seller, JP Morgan Asset Management.

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