Trammel Crow Residential Acquires Development Site In Delray Beach For $11M

1155 S Congress Ave Delray Beach, FL 33445, USA

$11,080,000

$36/SF

Building Size

303,613 SF

Asset Type

Development Site

Closing

Jul 26, 2023

AI

A development site located at 1155 South Congress Avenue in Delray Beach has been sold for $11,080,000. The property spans 303,613 square feet, resulting in a price per square foot of $36.

Summary of transaction details

Property Type: Development Site
Transaction Amount: $11,080,000
Address: 1155 South Congress Avenue
Market: Delray Beach

Trammel Crow Residential acquired the property from Norm Olson. The buyer was represented by Don Ginsburg and Michael Lewin from Katalyst Real Estate & Development. On the other hand, Juda Hersh from Hersh Equity Group, Inc served as the seller's representative.

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