Starwood Capital Group Acquires Development Site In West Palm Beach For $18.3M

A development site located at 350 South Australian Avenue in West Palm Beach has been sold for $18,300,000. The site spans approximately 1.3 acres and was acquired by Starwood Capital Group, represented by Barry Sternlicht. The seller of the property was the Hyperion Group, represented by Rob Vecsler and Winter Properties.

Summary of transation details

• Property Type: Development Site
• Transaction Amount: $18,300,000
• Address: 350 South Australian Avenue, West Palm Beach
• Market: West Palm Beach
• Buyer: Starwood Capital Group - Barry Sternlicht
• Seller: Hyperion Group - Rob Vecsler; Winter Properties

Barry Sternlicht, representing Starwood Capital Group, successfully purchased the development site located at 350 South Australian Avenue in West Palm Beach. The seller, Hyperion Group, was represented by Rob Vecsler and Winter Properties in the transaction.