8/26/2008

HFF closes sale of two office buildings in West Palm Beach

by Jim Brubaker

Centurion Tower

Holliday Fenoglio Fowler, L.P. has closed the sale of the Centurion Tower and NorthPoint Corporate Center in West Palm Beach, Fla., for an undisclosed price. Both suburban Class A office buildings total 243,000 square feet.

HRR's Hermen Rodriguez, Manny de Zárraga, Ike Ojala and Luis Castillo led the investment sales team for the seller, JP Morgan Asset Management.

Located at 1601 Forum Place and 701 Northpoint Parkway, Centurion Tower and NorthPoint Corporate Center, respectively, are close to Interstate 95 and downtown West Palm Beach.

Centurion Tower, 143,938 square feet in total, is situated on a 2.3-acre site and is 87 percent occupied. It has 14 stories of office space.

NorthPoint Corporate Center, a five-story, 99,030-square-foot office building, is 86.5 percent leased.

Address: Centurion Tower, 1601 Forum Place, West Palm Beach, Fla.

Size: 143,938 square feet

Address: NorthPoint Coporate Center, 701 Northpoint Parkway, West Palm Beach, Fla.

Size: 99,030 square feet

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Filed Under: Office

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