Hanson & Hanson Builders Acquires Retail Property On Okeechobee Boulevard For $12.87M

Hanson & Hanson Builders has acquired a retail property located at 5544 Okeechobee Boulevard in West Palm Beach. The transaction was facilitated by Newmark Cornish & Carey, representing the buyer, and Putnam Daily of Preserve West Capital, acting as the seller's representative. The property spans approximately 23,000 square feet and was sold for a price of $12,870,000, translating to a price per square foot of $560.

Summary of Transaction Details:

• Property Type: Retail
• Transaction Amount: $12,870,000
• Address: 5544 Okeechobee Boulevard, West Palm Beach
• Market: West Palm Beach
• Buyer: Hanson & Hanson Builders
• Seller: Pebb Enterprises – Ian Weiner
• Buyer's Representative: Newmark Cornish & Carey
• Seller's Representative: Putnam Daily – Preserve West Capital
• Square Footage: 23,000
• Price per Square Foot: $560

The acquisition of the retail property at 5544 Okeechobee Boulevard was executed by Hanson & Hanson Builders, with representation from their broker Newmark Cornish & Carey. On the other side of the deal, the property was sold by Pebb Enterprises, with Ian Weiner as their representative through Putnam Daily of Preserve West Capital. This transaction highlights the active real estate market in West Palm Beach and showcases the collaborative efforts of the involved parties in completing the successful deal.