EML Realty Partners Sells Three Properties in West Palm Beach
Bill Reichel with Reichel Realty & Investments handled the sale of all three properties for EML Realty Partners, which sold for a combined sales price of approximately $10 million.
Bill Reichel with Reichel Realty & Investments handled the sale of all three properties for EML Realty Partners, which sold for a combined sales price of approximately $10 million.
The company began as a property management firm and remained solely focused on property management for the first years. Now, as one of the largest independently owned and operated commercial real estate brokerage and property management firms in South Florida, the company has grown to 45 employees with two offices in two counties, currently averaging approximately 300 brokerage transactions each year for a total volume of roughly $400 million.
With over 16 years of experience in the real estate industry and a track-record as a top producer, he has negotiated more than seven million square feet of leased office space for clients that span over 1,000 transactions, which involved strategic real estate planning, workplace strategy, financial consulting and transaction management.
All three properties were fully leased at the time of sale and were previously owned by one private investor who sold each property to a different buyer.
A study predicts 45% to 50% increases in Florida, including in inland areas — and a doubling of premiums won’t be out of the question.
Bob Schneiderman, Managing Principal (previously the Executive Managing Director of Colliers), will head up the office and plans to hire additional advisors and team members to expand the office.
Gatsby Florida, a division of New York City-based family investment firm Gatsby Enterprises, plans to break ground on PGA Tower in Q2 2023 with opening slated for Q4 2024.
Quest is now occupying 25,947 square feet, more than double its previous size of 12,783 square feet.
Jon Blunk, Laurel Oswald, Constance Thomas and Cristina Glaria of TCRE are leading the office leasing efforts at the four-story office building.
The transactions total $7,650,000.
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