Richman Group Acquires Development Site In Palm Beach Gardens From Catalfumo Companies For $20.5M | 4001 Design Center Drive | Luca Victoria, Simon Banke, Maurice Habif, Manny de Zarraga | Development Site | Sale

Summary

Sale

FLORIDA

Development Site

157,252 sqft

The development site located at 4001 Design Center Drive in Palm Beach Gardens has been sold for a sale price of $20,475,000. The property spans a land area of 157,252 square feet, resulting in a price per square foot of $130. With a total area of 3.61 acres, the price per acre stands at $5,671,745.

Summary of transaction details

Property Type: Development Site
Sale Price: $20,475,000
Land Area: 157,252 square feet
Price per Square Foot: $130
Total Acres: 3.61
Price per Acre: $5,671,745

The buyer of this development site is the Richman Group, while the seller is Catalfumo Companies. The transaction was facilitated by brokers Simon Banke, Maurice Habif, Manny De Zarraga, and Luca Victoria of JLL.

Players

All
5

Agents
4
Agencies
1

$364.3M Sold

$811.4M Sold

$802.4M Sold

Executive Managing Director

$444.2M Sold

JLL

Details

Deal Summary

SOLD

IMAGE: Simon Banke, Luca Victoria, Maurice Habif & Manny De Zarraga DATE: 12/29/2021 ADDRESS: 4001 Design Center Drive MARKET: Palm Beach Gardens ASSET TYPE: Development Site BUYER: Richman Group SELLER: Catalfumo Companies BROKERS: Simon Banke, Maurice Habif, Manny De Zarraga & Luca Victoria - JLL SALE PRICE: $20,475,000 LAND SF: 157,252 ~ PPSF: $130 ACRES: 3.61 ~ PPA: $5,671,745

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Address4001 Design Center Drive

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