Joseph Sambuco Of Colonnade Properties Purchases 75% Joint Venture In West Palm Beach For $10.5M

The property asset involved in the transaction is a development site located at 1415 Centrepark Boulevard in West Palm Beach. The sale was finalized at a price of $10,500,000.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $10,500,000
• Buyer: Joseph Sambuco - Colonnade Properties
• Seller: Bjarne Borg - Index Invest
• Seller's Representative: Bastian Schauer & Mark M. Rubin - Colliers
• Joint Venture Stake: 75%

This deal showcases the partnership formed between Colonnade Properties and Index Invest, highlighting the joint venture stake acquired by Colonnade Properties in the property, facilitating collaborative development efforts moving forward.