Misha Ezratti Of GL Homes Acquires 42 Lots From Kenneth M. Endelson For $28.09M

GL Homes acquired a development site located at the corner of Northlake Boulevard & Panther National Boulevard in Palm Beach Gardens. The transaction involved the purchase of 42 fully developed lots in the Avenir community for a total sale price of $28,090,000, which averages to approximately $668,810 per lot. These lots will serve as the foundation for the Orchid Isles section, featuring luxury homes with sizes ranging between 4,500 and 7,000 square feet.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $28,090,000
• Buyer: Misha Ezratti - GL Homes
• Seller: Kenneth M. Endelson - Kenco Communities

Misha Ezratti represented GL Homes in the transaction, while Kenneth M. Endelson represented Kenco Communities. This acquisition aligns with GL Homes' ongoing development efforts within the master-planned Avenir community.