CS Ventures Acquires Office Property On Palm Beach's Royal Palm Way For $35M | 340 & 350 Royal Palm Way | Michael Roukis, Blake Koletic, Matthew (Matt) McCormack, Ike Ojala, Hermen Rodriguez, Max Lescano | Office | Sale

Summary

Sale

FLORIDA

Office

44,625 sqft

CS Ventures has purchased an office building located at 340 & 350 Royal Palm Way in Palm Beach. The property spans 44,625 square feet and was sold for a total of $35,000,000. This translates to a price per square foot of $784. The transaction took place on April 12, 2022. The seller of the property was Pearlmark.

Summary of transation details

Property Type: Office
Transaction Amount: $35,000,000
Date: April 12, 2022
Address: 340 & 350 Royal Palm Way
Market: Palm Beach

The deal was facilitated by the brokers Ike Ojala, Hermen Rodriguez, Matthew McCormack, Max Lescano, Blake Koletic, and Michael Roukis from JLL. They represented both the buyer, CS Ventures, and the seller, Pearlmark.

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Players

All
7

Agents
6
Agencies
1

$35M Sold

$142.9M 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

Max Lescano

Associate

$125.4M Sold

Details

Deal Summary

SOLD

IMAGE: Ike Ojala, Hermen Rodriguez & Matthew McCormack DATE: 04/12/2022 ADDRESS: 340 & 350 Royal Palm Way MARKET: Palm Beach ASSET TYPE: Office BUYER: CS Ventures SELLER: Pearlmark BROKERS: Ike Ojala, Hermen Rodriguez, Matthew McCormack, Max Lescano, Blake Koletic & Michael Roukis - JLL (@Jll) SALE PRICE: $35,000,000 SF: 44,625 ~ PPSF: $784

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Address340 & 350 Royal Palm Way

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