{"id":1004484778,"date":"2020-10-15T05:06:40","date_gmt":"2020-10-15T13:06:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004484778"},"modified":"2025-02-26T02:25:46","modified_gmt":"2025-02-26T10:25:46","slug":"avison-young-arranges-palm-beach-office-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-arranges-palm-beach-office-sale\/","title":{"rendered":"Avison Young Arranges Palm Beach Office Sale"},"content":{"rendered":"
\"\"<\/a>

Concept II Towers. Image courtesy of Avison Young<\/i><\/p><\/div>\n

Avison Young has brokered the $10.9 million sale of Concept II Tower, a 96,674-square-foot office property in Lake Worth, Fla. The firm\u2019s David Duckworth, John Crotty, Michael Fay, Brian de la F\u00e9, Emily Brais and Berkley Bloodworth assisted the seller, SF Partners. A private investor acquired the property. <\/p>\n

The asset previously changed hands in 2015, when In-Rel Properties sold it for $7.4 million, according to Yardi Matrix data. CenterState Bank provided a $6.4 million acquisition loan at the time.<\/p>\n

Located on 7 acres at 2290 and 2328 10th Ave. N., the property encompasses two six-story buildings completed in 1983 and 1986. In 2015, SF Partners executed a capital improvement plan on the asset, Yardi Matrix shows. The site is a short distance from Interstate 95 and roughly 6 miles south of Palm Beach International Airport.<\/p>\n

At the time of the sale, the property had an occupancy rate of 82.5 percent, according to Avison Young\u2019s Duckworth. The tenant mix includes The Strafford Firm, Praesum Healthcare and Rally CPA.<\/p>\n

In May, Avison Young facilitated the $7.6 million sale<\/a> of a 105,000-square-foot industrial property in Miami. The same brokerage team represented RAM Steel Framing in its disposition to Zaragon.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/div>\n","protected":false},"excerpt":{"rendered":"

The company assisted the seller, SF Partners, in the nearly $11 million transaction.<\/p>\n","protected":false},"author":867,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,1492,21742,21747],"tags":[33022,35224,36536,36537,44531],"class_list":["post-1004484778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-miami","category-latest","category-office","tag-avison-young","tag-in-rel-properties","tag-john-crotty","tag-michael-fay","tag-sf-partners"],"acf":[],"yoast_head":"\nAvison Young Arranges Palm Beach Office Sale - 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\/avison-young-arranges-palm-beach-office-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avison Young Arranges Palm Beach Office Sale\" \/>\n<meta property=\"og:description\" content=\"The company assisted the seller, SF Partners, in the nearly $11 million transaction.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/avison-young-arranges-palm-beach-office-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-10-15T13:06:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T10:25:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Pavel Cazacu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-arranges-palm-beach-office-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-arranges-palm-beach-office-sale\/\",\"name\":\"Avison Young Arranges Palm Beach Office Sale - 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