Arturo Alvarez Acquires Office Building In West Palm Beach For $13.9M

Located in West Palm Beach, the office property at 560 Village Boulevard has changed ownership in a recent transaction. The sale took place on October 21, 2021, with Arturo Alvarez acquiring the property from Yakov Cohen. The transaction was facilitated by Michael Falk of Colliers, who represented the buyer, and Bastian Laggerbauer and Mark M. Rubin of Colliers, who represented the seller. The property was listed with an asking price of $14,500,000 and ultimately sold for $13,900,000. Spanning 62,875 square feet, the property was sold at a price per square foot of $221.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $13,900,000
• Date: October 21, 2021
• Address: 560 Village Boulevard
• Market: West Palm Beach
• Buyer: Arturo Alvarez
• Seller: Yakov Cohen
• Buyer's Representative: Michael Falk - Colliers
• Seller's Representative: Bastian Laggerbauer & Mark M. Rubin - Colliers

This transaction showcases the involvement of various individuals and companies. Arturo Alvarez acted as the buyer, while Yakov Cohen was the seller. Michael Falk from Colliers represented the buyer in the deal, while Bastian Laggerbauer and Mark M. Rubin, also from Colliers, served as the representatives for the seller. The sale of the office property at 560 Village Boulevard underscores the dynamic nature of the West Palm Beach market.