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SVN Commercial Partners sells antique auto dealer

A piece of local auto history is changing hands.

Ragtop Motorcars recently sold its iconic 3,167 square-foot building located at 1422 Old Okeechobee Road in West Palm Beach. The building, which includes an additional buildable lot, sold for $1,200,000, making it one of the top sales in the area for the past five years. Ragtops, an antique and special interest collectible automobile dealership, event venue, and automotive museum, will still operate its other location at 2025 N. Old Dixie Highway in West Palm Beach. The SVN team also brought in the buyer, 1422 Old Okeechobee, LLC.

Rob Hamman’s Team at SVN Commercial Partners represented Ragtop in the sale. The commercial real estate advisory firm founded in 1987 has more than 200 locations, including a long-established Jupiter office and a recently opened Boca Raton office, serving Palm Beach, Martin, Broward and Dade counties.

“SVN and Rob Hamman did an excellent job in helping me downsize once again. And getting me the top price for my building. Both sides are very pleased with the outcome and when Ragtops decides to call it a day after 40 plus years, my first phone call will be to him,” said Ty Houck, CEO of Ragtops Palm Beach.

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Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.