Alex Griswold Of Armata Holdings Acquires Mixed-Use Portfolio In West Palm Beach For $19.5M

A mixed-use property spanning 3.4 acres located at 1300, 1400, 1500, 1220-1250 Elizabeth Avenue & 1615 Clare Avenue in the West Palm Beach market was sold for a total price of $19,500,000. The property encompasses a total of 72,400 square feet, translating to a price per square foot of $269.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: $19,500,000
• Buyer: Alex Griswold - Armata Holdings
• Seller: Terry Brown, Sam Judd & Jason Tompkins - Asana Partners
• Lender: Citizens Bank
• Loan Amount: $11,000,000

The transaction involved multiple parties, with Alex Griswold representing Armata Holdings as the buyer, while the sellers Terry Brown, Sam Judd, and Jason Tompkins represented Asana Partners. The properties were part of a portfolio of repurposed warehouses in the Warehouse District, converted into retail, dining, and office space, amidst a commercial real estate slowdown due to high interest rates.