Thorsten Kahlert Of Hoerbiger Corp. Purchases 14.2-Acre Development Site In Delray Beach For $20M

A 14.2-acre development site located at 9888 West Atlantic Avenue in Delray Beach has been sold for $20,000,000. The buyer, Hoerbiger Corp. of America, plans to construct a 200,000-square-foot North American headquarters that will include both office and manufacturing space. Malcolm Butters, representing Butters Group, has begun construction this month at the West Atlantic Business Plaza.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $20,000,000
• Buyer: Thorsten Kahlert - Hoerbiger Corp. of America
• Seller: Malcolm Butters - Butters Group
• Address: 9888 West Atlantic Avenue
• Market: Delray Beach
• Acres: 14.2

Malcolm Butters, serving as the general contractor for the project, has taken the lead on the construction efforts at the site. The transaction marks a significant development initiative by Hoerbiger Corp. of America in the region, planning for a major corporate presence with the new headquarters.