Confidential Family Office Acquires Office Asset From Morning Calm Management For $45.7M

The property asset involved in this transaction is an office located at 205 Datura Street in West Palm Beach. The asset was sold for a total transaction amount of $45,700,000, comprising a total of 71,694 square feet, leading to a price per square foot of $637.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $45,700,000
• Address: 205 Datura Street
• Market: West Palm Beach
• Square Footage: 71,694
• Price Per Square Foot: $637
• Buyer: Confidential Family Office
• Seller: Morning Calm Management
• Brokers: Ike Ojala, Hermen Rodriguez, Matthew McCormack, Blake Koletic, Hunter Smith - JLL

The key individuals involved in the transaction include the buyer, represented by a confidential family office, and the seller, Morning Calm Management. The brokerage team from JLL, consisting of Ike Ojala, Hermen Rodriguez, Matthew McCormack, Blake Koletic, and Hunter Smith, facilitated the deal, bringing expertise and market knowledge to the transaction.