Boise Cascade Acquires Industrial Property In West Palm Beach For $31M

The industrial property located at 1300 Allendale Road in West Palm Beach has been sold. The property spans 424,710 square feet and was sold for a total price of $31,000,000, resulting in a price per square foot of $73.

Summary of transaction details

• Property Type: Industrial
• Transaction Amount: $31,000,000
• Square Footage: 424,710
• Address: 1300 Allendale Road, West Palm Beach
• Market: West Palm Beach

The buyer of the property is the Boise Cascade Company, while the seller is the Brown Distributing Company. Representing the buyer in this transaction were Gabriel Garcia-Menocal, Lucia Custer, and David Oxios from NAI Miami | Fort Lauderdale, as well as Peter Oliver from TOK Commercial. On the seller's side, Robert Smith and Kirk Nelson from CBRE Palm Beach acted as the representatives.