Edward J. Kulik Jr. Of LRC Properties Acquires Industrial Asset From Benjamin Genet For $28.5M

The property involved in this transaction comprises multiple industrial assets located at 5490 Dexter Way, 5740 Columbia Circle, 1525 53rd Street, and 5750 Columbia Circle, situated in the West Palm Beach market. The total sale price amounted to $28,500,000, with a total square footage of 155,938 and a price per square foot of $183.

Summary of transaction details:

• Property Type: Industrial
• Transaction Amount: $28,500,000
• Address: 5490 Dexter Way, 5740 Columbia Circle, 1525 53rd Street & 5750 Columbia Circle
• Market: West Palm Beach
• Buyer: Edward J. Kulik Jr. - LRC Properties
• Seller: Benjamin Genet - Genet Property Group
• Broker: Mike Ciadella - Cushman & Wakefield
• Square Footage: 155,938
• Price per Square Foot: $183

This transaction involved key individuals including Edward J. Kulik Jr., representing the buyer, LRC Properties, and Benjamin Genet, representing the seller, Genet Property Group. The brokerage firm, Cushman & Wakefield, was represented by Mike Ciadella in this deal.