James Geleerd Acquires Development Site In West Palm Beach For $18.82M

A development site located at 370 & 375 Eucalyptus St in West Palm Beach has been sold. The property spans approximately 2.25 acres and was sold for a total of $18,820,000 on December 14, 2021.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $18,820,000
• Address: 370 & 375 Eucalyptus St, West Palm Beach
• Market: West Palm Beach
• Buyer: James Geleerd - Tortoise Properties
• Seller: Cypress Realty Florida - Nader Salour & Cypress Real Estate Advisors
• Buyer's Representative: Susan Thomas & Robert Anderson - Touchstone Webb
• Seller's Representatives: Marcia Langley, Charles Abrams, Tracy Lautenschlager & Laura Maxwell - Greenberg Traurig

James Geleerd from Tortoise Properties served as the buyer in this transaction, while Cypress Realty Florida represented by Nader Salour and Cypress Real Estate Advisors acted as the seller. The buyer was represented by Susan Thomas and Robert Anderson from Touchstone Webb, and the seller was represented by Marcia Langley, Charles Abrams, Tracy Lautenschlager, and Laura Maxwell from Greenberg Traurig.