DJK Capital Management Acquires Retail Property In Royal Palm Beach For $34M

A retail property located at 501, 573 & 561 N State Road 7 in Royal Palm Beach has been sold for $34,000,000. The property spans 165,064 square feet, resulting in a price per square foot of $206. The sale was finalized on July 21, 2022 and involved DJK Capital Management as the buyer and IMC Equity Group as the seller. The buyer was represented by John Blizzard from DJK Capital Management, while the seller was represented by Ofer Asor from Buy Direct Real Estate and Lorne Gornitsky from KW Commercial.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $34,000,000
• Address: 501, 573 & 561 N State Road 7, Royal Palm Beach
• Market: Royal Palm Beach
• Buyer: DJK Capital Management – John Blizzard
• Seller: IMC Equity Group – Yoram Izhak
• Brokers: Ofer Asor PA - Buy Direct Real Estate; Lorne Gornitsky - KW Commercial

John Blizzard from DJK Capital Management represented the buyer, while Ofer Asor from Buy Direct Real Estate and Lorne Gornitsky from KW Commercial represented the seller in this transaction.