Harbor Group International Acquires Locklyn West Palm Apartment Complex For $105.5M

Harbor Group International LLC, represented by Yisroel Berg, has acquired Locklyn West Palm, a multifamily property located at 3950 Village Boulevard in West Palm Beach. The property, sold by The Carlyle Group, was purchased for a total of $105,500,000. Locklyn West Palm offers 280 units and is currently 95% occupied, with competitive rent levels that meet the demand for modern apartment housing in South Florida.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $105,500,000
• Address: 3950 Village Boulevard
• Market: West Palm Beach

The transaction was facilitated by brokers Avery Klann and Hampton Beebe from Newmark. The lending for this acquisition was provided by Berkeley Point Capital. The mortgage brokerage services were offered by Henry Stimler, Bill Weber, Matt Mense, and Dan Sarsfield, also from Newmark.