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CS Ventures Acquires Office Property On Palm Beach's Royal Palm Way For $35M

340 & 350 Royal Palm Way
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This Office property located in FL was sold for $35,000,000 almost 2 years ago. The brokers of the deal were Michael Roukis, Blake Koletic, Max Lescano, Matthew (Matt) McCormack, Ike Ojala, and Hermen Rodriguez

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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Deals
  • Location
    340 Royal Palm Way, Palm Beach, Florida 33480, United States340 Royal Palm Way, Palm Beach, Florida 33480, United States
  • Sale Price
    $35,000,000$35,000,000
    $784 PPSF$784 PPSF
  • Area
    44,625 SF44,625 SF
  • Asset Type
    OfficeOffice
  • Parties
    6 Brokers, 1 Agency6 Brokers, 1 Agency

Agents

Michael Roukis

Michael Roukis

Deals1
Sold$35M

Blake Koletic

Blake Koletic

Deals3
Sold$142.9M

Matthew (Matt) McCormack

Matthew (Matt) McCormack

Deals15
Sold$813.6M

Ike Ojala

Ike Ojala

Deals12
Financed$727.4M

Hermen Rodriguez

Hermen Rodriguez

Deals13
Sold$759.8M

Max Lescano

Max Lescano

Deals3
Sold$125.4M

Agency

JLL

JLL

Agency
Deals5591
Volume$332.6B

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Deal Summary

SALE 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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340 & 350 Royal Palm Way

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