ABS National Business Parks Acquires Palm Beach Gardens Office For $38M

Located at 4200-4400 Northcorp Parkway in Palm Beach Gardens, this office property was recently sold. The transaction took place on December 20, 2022, with a sale price of $38,000,000. The property spans across 115,000 square feet, resulting in a price per square foot of $330. The buyer of the property was ABS National Business Parks, while the seller included Breakers Capital Partners and Alchemy-ABR Investment Partners, represented by Brian Ray.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $38,000,000
• Address: 4200-4400 Northcorp Parkway, Palm Beach Gardens
• Market: Palm Beach Gardens
• Buyer: ABS National Business Parks
• Seller: Breakers Capital Partners; Alchemy-ABR Investment Partners - Brian Ray
• Square Footage: 115,000
• Price per Square Foot: $330

The sale of this office property was facilitated by Brian Ray, who represented both the seller and the buyer's side. This transaction marks another successful deal in Palm Beach Gardens' real estate market, showcasing the continued interest and investment in the area.