{"id":1004210462,"date":"2018-03-16T05:33:22","date_gmt":"2018-03-16T13:33:22","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004210462"},"modified":"2022-12-04T11:56:01","modified_gmt":"2022-12-04T19:56:01","slug":"crocker-fund-sells-palm-beach-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/crocker-fund-sells-palm-beach-office-asset\/","title":{"rendered":"Crocker Fund Sells Palm Beach Office Asset"},"content":{"rendered":"<p>By Razvan Cimpean<\/p>\n<div id=\"attachment_1004210463\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/400-Royal-Palm-Way-in-Palm-Beach-Fla..jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004210463\" data-attachment-id=\"1004210463\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/crocker-fund-sells-palm-beach-office-asset\/400-royal-palm-way-in-palm-beach-fla\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/400-Royal-Palm-Way-in-Palm-Beach-Fla..jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"400 Royal Palm Way in Palm Beach, Fla.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;400 Royal Palm Way in Palm Beach, Fla.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/400-Royal-Palm-Way-in-Palm-Beach-Fla..jpg?w=800\" class=\"wp-image-1004210463 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/400-Royal-Palm-Way-in-Palm-Beach-Fla..jpg\" alt=\"400 Royal Palm Way in Palm Beach, Fla.\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/400-Royal-Palm-Way-in-Palm-Beach-Fla..jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/400-Royal-Palm-Way-in-Palm-Beach-Fla..jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/03\/400-Royal-Palm-Way-in-Palm-Beach-Fla..jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004210463\" class=\"wp-caption-text\">400 Royal Palm Way in Palm Beach, Fla.<\/p><\/div>\n<p>Crocker Fund IV has sold a 27,600-square-foot boutique office building in Palm Beach, Fla., to Kinsale Partners. The asset, which was 62 percent leased at the time of sale, changed hands for $14.8 million.<\/p>\n<p>The four-story property is located at 400 Royal Palm Way, along the Bankers\u2019 Row corridor, about five miles from Palm Beach International Airport and Interstate 95. Completed in 1966, the asset underwent renovations in 2014. Tenants include The Corcoran Group, Palm Beach Daily News and Vatera Holdings. The building offers easy access to multiple bus stations, restaurants, shops and hotels, including Renato\u2019s, Bice and The Chesterfield Palm Beach.<\/p>\n<p>HFF Senior Managing Director Hermen Rodriguez, Senior Director Ike Ojala and Director Tracey Goo negotiated the deal on behalf of the seller. Last November, the HFF team also brokered the sale of a 50,000-square-foot <a href=\"https:\/\/www.commercialsearch.com\/news\/frisbie-group-picks-up-palm-beach-office-asset\/\">Palm Beach office building<\/a>.<\/p>\n<p><em>&#8220;The Island of Palm Beach attracts high net worth residents from all over the world and high-quality firms that provide legal and financial services,\u201d<\/em> Rodriguez said in a prepared statement.<\/p>\n<p><em>Image via Google Street View<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kinsale Partners acquired the 27,600-square-foot building, which was 62 percent occupied at the time of sale. HFF represented the seller. <\/p>\n","protected":false},"author":753,"featured_media":1004210463,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,1492,21742,21747],"tags":[35027,32792,35028,39321],"class_list":["post-1004210462","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-miami","category-latest","category-office","tag-hermen-rodriguez","tag-hff","tag-ike-ojala","tag-tracey-goo"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Crocker Fund Sells Palm Beach Office Asset - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/crocker-fund-sells-palm-beach-office-asset\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Crocker Fund Sells Palm Beach Office Asset\" \/>\n<meta property=\"og:description\" content=\"Kinsale Partners acquired the 27,600-square-foot building, which was 62 percent occupied at the time of sale. 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