Starwood Capital Group Acquires Retail Property In West Palm Beach For $130M

The property involved in this transaction is a retail asset located at 1821 Palm Beach Lakes Boulevard in West Palm Beach. The transaction took place on 01/12/2022 and the property was sold for a total price of $130,000,000. The property has a total square footage of 303,705, resulting in a price per square foot of $428. The buyer of the property was Starwood Capital Group, represented by Barry Sternlicht and Mark Deason. The seller of the property was Clarion Partners. The lender involved in the transaction was Wells Fargo.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $130,000,000
• Address: 1821 Palm Beach Lakes Boulevard
• Market: West Palm Beach
• Buyer: Starwood Capital Group - Barry Sternlicht & Mark Deason
• Seller: Clarion Partners
• Lender: Wells Fargo
• Square Footage: 303,705
• Price per Square Foot: $428

Barry Sternlicht and Mark Deason, representing Starwood Capital Group, were the key individuals involved in this transaction. They played a significant role in the purchase of the retail property located at 1821 Palm Beach Lakes Boulevard in West Palm Beach. As for the seller, Clarion Partners, their involvement in the transaction marked the completion of the sale. Wells Fargo served as the lender in this deal, providing the necessary financial support for the transaction.