Riverstone Capital Group Acquires West Palm Beach Shopping Center For $19.6M

A shopping center located at 4316-4450 Forest Hill Boulevard in West Palm Beach has been sold. The property was purchased by Riverstone Capital Group for $19,600,000. The shopping center spans a total of 112,364 square feet, resulting in a price per square foot of $174. The transaction took place on December 2, 2019.

Summary of Transaction Details:

• Property Type: Shopping center
• Transaction Amount: $19,600,000
• Address: 4316-4450 Forest Hill Boulevard, West Palm Beach
• Market: West Palm Beach
• Seller: Trinity Place Holdings
• Buyer: Riverstone Capital Group - Jorge Portela
• Brokers: Luis Castillo, Danny Finkle, Eric Williams - JLL
• Square Footage: 112,364
• Price Per Square Foot: $174

Jorge Portela, representing Riverstone Capital Group, played a pivotal role in the acquisition of the shopping center. The deal was facilitated by brokers Luis Castillo, Danny Finkle, and Eric Williams from JLL.