Related Cos. Acquires Office Property In West Palm Beach For $282M | 777 South Flagler Drive | Cody Brais, Matthew (Matt) McCormack, Ike Ojala, Hermen Rodriguez | Office | Sale

Summary

Sale

FLORIDA

Office

226,711 sqft

Related Cos., led by Stephen Ross, has acquired an office asset in West Palm Beach. The property, located at 777 S. Flagler Drive, was purchased from AEW Capital Management for a total of $282,000,000.

Summary of transaction details:

Property Type: Office
Transaction Amount: $282,000,000
Date: 1/13/2021
Market: West Palm Beach
Buyer: Related Cos. - Stephen Ross
Seller: AEW Capital Management
Brokers: Hermen Rodriguez, Ike Ojala, Matt McCormack, & Cody Brais

The acquisition of the office asset on 777 S. Flagler Drive in West Palm Beach was completed by Related Cos., with Stephen Ross leading the transaction. The property was sold by AEW Capital Management. The deal was facilitated by brokers Hermen Rodriguez, Ike Ojala, Matt McCormack, and Cody Brais.

Players

All
5

Agents
4
Agencies
1

Cody Brais

Analyst

$988.2M Sold

Matthew (Matt) McCormack

Director

$813.6M Sold

Ike Ojala

Senior Director, Office Investment Advisory

$727.4M Sold

Hermen Rodriguez

Senior Managing Director

$759.8M Sold

JLL

Details

Deal Summary

SOLD

IMAGE: Stephen Ross, Hermen Rodriguez, Ike Ojala, Matthew McCormack, & Cody Brais DATE: 1/13/2021 ADDRESS: 777 S. Flagler Drive MARKET: West Palm Beach ASSET TYPE: Office BUYER: Related Cos. - Stephen Ross SELLER: AEW Capital Management BROKER: Hermen Rodriguez, Ike Ojala, Matt McCormack, & Cody Brais PRICE: $282,000,000

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Address777 South Flagler Drive

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