Clematis Banyan Investors Acquires Office Building In West Palm Beach For $20M

The office property located at 301 Clematis Street and 300 Banyan Boulevard in West Palm Beach has been sold for a total price of $20,000,000. The property consists of 42,263 square feet of office space and a 30,000 square foot parking lot, resulting in a price per square foot of $277. The transaction took place on June 29, 2021.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $20,000,000
• Square Footage: 72,263 (42,263 SF Office & 30,000 SF Parking Lot)
• Address: 301 Clematis Street & 300 Banyan Boulevard, West Palm Beach
• Market: West Palm Beach

The buyer, known as Clematis Banyan Investors, was represented by Adam Demark. The seller of the property was Galleria International, LLC, owned by Ralf Gschwend, and Safe Parking, LLC. The deal was facilitated by the brokers C. Todd Everett and Scott Geller from Marcus & Millichap.