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Teddy Tananbaum, Tyler Tananbaum & Sam Zuckert Of TZ Capital Acquire Retail Building In Palm Beach For $80.5M

Property Image
SOLD
$80,500,000

Florida

See Similar Deals
Retail48,578 SF
Sold 11/17/2025
the dealdetailscomps
Property Image
SOLD

Teddy Tananbaum, Tyler Tananbaum & Sam Zuckert Of TZ Capital Acquire Retail Building In Palm Beach For $80.5M

151 Worth Avenue

See Similar Deals
Retail48,578 SF
Sold 11/17/2025
the dealdetailscomps

Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$1,657
Total Square Footage:48,578 SF
Transaction Type:Sale

The asset involved in the transaction is a retail property located at 151 Worth Avenue in Palm Beach. The sale price for the property was $80,500,000. The total square footage of the building is 48,578, resulting in a price per square foot of $1,657.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $80,500,000
  • Square Footage: 48,578
  • Price per Square Foot: $1,657
  • Buyer: Teddy Tananbaum, Tyler Tananbaum & Sam Zuckert - TZ Capital
  • Market: Palm Beach

The buyer, TZ Capital, is a real estate investment firm based in West Palm Beach. They plan to undertake an extensive renovation of the vacant building to attract luxury tenants and will be reopening the property’s underground parking with valet services. Newmark Group's Jay Luchs and Lantern Real Estate's Matt Seigel have been engaged to handle leasing for the building.

Players

TZ Capital
TZ Capital
BUYER
TZ Capital
TZ Capital
BUYER
TZ Capital
TZ Capital
BUYER

Details

SOLD
IMAGE: Sam Zuckert, Tyler Tananbaum & Teddy Tananbaum DATE: 11/17/2025 ADDRESS: 151 Worth Avenue MARKET: Palm Beach ASSET TYPE: Retail BUYER: Teddy Tananbaum, Tyler Tananbaum & Sam Zuckert - TZ Capital SALE PRICE: $80,500,000 SF: 48,578 ~ PPSF: $1,657 NOTE FROM BUYER: The buyer, West Palm Beach-based real estate investment firm TZ Capital, plans an extensive renovation of the vacant retail building to attract premier luxury tenants with tailored retail spaces. Ownership plans to reopen the building's underground parking with valet services. The firm has hired Newmark Group's Jay Luchs and Lantern Real Estate's Matt Seigel to handle leasing for the building.

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