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Silvia Tcherassi Signs 1,420-Square-Foot Lease At 150 Worth Avenue In Palm Beach

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LEASED
Lee Koniver
Bruce Koniver

Florida

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Retail1,420 SF
Leased 12/22/2025
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Property Image
LEASED

Silvia Tcherassi Signs 1,420-Square-Foot Lease At 150 Worth Avenue In Palm Beach

150 Worth Avenue

See Similar Deals
Retail1,420 SF
Leased 12/22/2025
Lee Koniver
Bruce Koniver
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$0
Total Square Footage:1,420 SF
Transaction Type:Lease

The property asset involved in this transaction is a 1,420-square-foot retail space located at 150 Worth Avenue, within the Palm Beach market. The space was previously occupied by Saks Fifth Avenue and is set for a new boutique opening in November.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not Disclosed
  • Address: 150 Worth Avenue
  • Market: Palm Beach
  • Landlord: William O'Connor - O’Connor Capital Partners
  • Tenant: Silvia Tcherassi
  • Brokers: Lee Koniver & Bruce Koniver - Odyssey Retail Advisors

This lease marks the first transaction following Saks' vacating of the 128,779-square-foot Esplanade property, which is under redevelopment to create eight retail suites. The involvement of O’Connor Capital Partners indicates a strategic move towards revamping the retail presence in the area.

Players

Lee Koniver
Odyssey Retail Advisors
Lee Koniver
6 deals$22.1M volume
BROKER
Bruce Koniver
Odyssey Retail Advisors
Bruce Koniver
1 deal
BROKER
Odyssey Retail Advisors
Odyssey Retail Advisors
BROKERAGE
OP
O’Connor Capital Partners
LANDLORD

Details

LEASED
IMAGE: Lee Koniver, Bruce Koniver, Silvia Tcherassi & William O'Connor DATE: 12/22/2025 ADDRESS: 150 Worth Avenue MARKET: Palm Beach ASSET TYPE: Retail ~ SF: 1,420 LANDLORD: William O'Connor - O’Connor Capital Partners TENANT: Silvia Tcherassi (@SilviaTcherassi) BROKERS: Lee Koniver (@Lee_Koniver) & Bruce Koniver (@BruceKoniver) - Odyssey Retail Advisors (@OdysseyRetailAdvisors) NOTE: Silvia Tcherassi signed a 1,420-square-foot lease at 150 Worth Ave. on Palm Beach’s Worth Avenue, taking space formerly occupied by Saks Fifth Avenue, with the boutique set to open in November. The deal is the first lease since Saks vacated the 128,779-square-foot Esplanade property, owned by O’Connor Capital Partners, which is being redeveloped into eight retail suites.

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Deal Type
Effective Rent (Annual)

$81,393.54

Total Lease Value

$813,935.43

Net Landlord Cash Flow$81,393.54