West Palm Beach-based McCraney Property Co. sold three fully leased warehouses in central Palm Beach County for $25.8 million, The Real Deal reports. Cabot Properties of Boston paid $148 a square foot for the warehouses on Vista Parkway west of Florida’s Turnpike, which have a combined total of 173,812 square feet.
Attendees included Florida Rep. Chip LaMarca, Pompano Beach Mayor Rex Hardin, Douglas Elliman, Florida CEO Jay Phillip Parker, project architect Randall Stofft, interior designer Steven G., and U.S. Development CEO John Farina and CFO Dustin Salzano.
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Sales for the project will begin in Q4 of 2024.
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The destination is set to become a Monaco-inspired yachter’s paradise.
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The residence in the prestigious Lighthouse Point community is listed for $4.5 million.
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The project is expected to be completed in Q4 2025.
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Patrick Meyer and Meryl Koslow with ONE Sotheby’s International Realty are the listing agents.
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The brand will entirely furnish two exclusive penthouses at JEMÂ Private Residences.
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The second phase of the community will deliver 120 units.
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