Alliance Partners HP Acquires 73,130 SF Industrial Property In West Palm Beach For $16M

The property at 1426 Skees Rd in West Palm Beach, FL was sold for $16 million. This commercial asset spans 73,130 square feet across 8.26 acres and consists of nine industrial buildings. The sale was facilitated by Gridline Properties to Alliance Partners HP, with Yonatan Missika representing both sides of the deal. The seller, GC Skees Industrial LLC, completed extensive renovations and attracted a diverse set of tenants to the property.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $16,000,000.00
• Market: West Palm Beach
• Buyer's Representative: Yonatan Missika(Gridline Properties)
• Buyer: Alliance Partners HP
• Seller: GC Skees Industrial LLC
• Square Footage: 73,130
• Address: 1426 Skees Rd, West Palm Beach, FL

Alliance Partners HP, LLC, a commercial real estate investment firm based in Bryn Mawr, Pennsylvania, and with an office in Fort Lauderdale, made this acquisition. Led by Peter Derrico, Alliance is enthusiastic about expanding its industrial assets in Palm Beach County with the addition of this unique property. The firm's strategic focus on infill industrial real estate in South Florida has led to the growth of its industrial portfolio in the region, making it one of the prominent buyers in the eastern United States.