Richman Group Acquires Development Site In Palm Beach Gardens From Catalfumo Companies For $20.5M

The development site located at 4001 Design Center Drive in Palm Beach Gardens has been sold for a sale price of $20,475,000. The property spans a land area of 157,252 square feet, resulting in a price per square foot of $130. With a total area of 3.61 acres, the price per acre stands at $5,671,745.

Summary of transaction details

• Property Type: Development Site
• Sale Price: $20,475,000
• Land Area: 157,252 square feet
• Price per Square Foot: $130
• Total Acres: 3.61
• Price per Acre: $5,671,745

The buyer of this development site is the Richman Group, while the seller is Catalfumo Companies. The transaction was facilitated by brokers Simon Banke, Maurice Habif, Manny De Zarraga, and Luca Victoria of JLL.