Slate Asset Management Acquires Retail Property In Palm Beach Gardens For $21.1M

On August 30, 2022, a retail property located at 3866 & 3880 Northlake Blvd in Palm Beach Gardens was sold for a total of $21,100,000. The property spans across 17.9 acres and has a total square footage of 123,039. The price per square foot was calculated to be $171. The buyer of this property was Slate Asset Management, represented by Blair Welch & Brady Welch. The seller, on the other hand, was Site Centers Corp, with David Lukes as their representative. The transaction involved the exchange of ownership from the seller to the buyer.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $21,100,000
• Location: 3866 & 3880 Northlake Blvd, Palm Beach Gardens
• Market: Palm Beach Gardens
• Acres: 17.9
• Square Footage: 123,039
• Price per Square Foot: $171
• Buyer: Slate Asset Management - Blair Welch & Brady Welch
• Seller: Site Centers Corp - David Lukes

Blair Welch & Brady Welch, representing Slate Asset Management, successfully closed the deal with Site Centers Corp, represented by David Lukes. This transaction marks the transfer of ownership of the retail property in Palm Beach Gardens. The involvement of experienced representatives from both the buyer's and seller's side ensured a smooth and successful transaction.