1700 PALM BEACH LAKES SOLD FOR $18.5 MILLION

West Palm Beach, FL – June 11, 2012 – (RealEstateRama) — CBRE arranged the sale of 1700 Palm Beach Lakes, a 113,953-square-foot office building for $18,462,500. CBRE market the asset for sale on behalf of DRA Advisors, and also secured $13,725,000 acquisition financing on behalf of the purchaser, Breaker’s Capital Partners LLC. The new owner has retained CBRE as exclusive leasing advisor as well.


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CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.

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Nadja Brandt
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