West Palm Beach Office Complex Goes On The Block

Sep 21, 2015 No Comments by

The owner of The Forum office complex in West Palm Beach has listed the 280,000-square-foot property for sale.

The owner is an affiliate of Miami-based Panther Capital Management, which bought the three 10-story office buildings located at 1655, 1665 and 1675 Palm Beach Lakes Boulevard for $13.7 million in 2010.

The buildings, constructed in the 1970s, command rental rates under $20 per square foot.

Since Panther acquired the Forum, its occupancy rate has risen to 61 percent from 50 percent.

The Forum is located on a stretch of Palm Beach Lakes Boulevard that has been reinvigorated since the demolition of the old Palm Beach Mall to make way for the Palm Beach Outlets, which opened in 2014.

 

Source:  The Real Deal

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Industry News, NA, Office, Palm Beach County Office
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