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Palm Beach Island / Palm Beach Gardens / Wellington commercial real estate deals in Miami

4 publicly announced deals (4 sales, 0 leases) in the Palm Beach Island / Palm Beach Gardens / Wellington sub-market, all weeks, newest first.

Other 1, Hospitality 1, Multifamily & Mixed-use 1, Retail 1

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Asset classSub-market

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Oct 13
Pine Trail Nursing and Rehab Center, 4445 Pine Forest Dr, Greenacres
Buyer Tordjman Equities, seller entity tied to K.C. Kross (Mountaineer Development)

Palm Beach Island / Palm Beach Gardens / WellingtonSaleOther93 beds; 59,760 SFAt least $23.8MSource
Sep 23
Tideline Palm Beach Ocean Resort, 2842 S. Ocean Blvd, Palm Beach (buyer assumed $55M mortgage)
Buyer Fort Partners, seller company led by Jeff Greene

Palm Beach Island / Palm Beach Gardens / WellingtonSaleHospitality134 rooms; $1.12M per room (price per SFBJ incl. furniture and equipment; records show at least $112.6M)$150MSource
Sep 22
Polo Lakes, 1950 Polo Lake Blvd, Wellington (built 2000)
Buyer TA Realty, seller J.P. Morgan Chase (J.P. Morgan Asset Management)

Palm Beach Island / Palm Beach Gardens / WellingtonSaleMultifamily & Mixed-use366 units on 19 acres$105.5MSource
Sep 16
Promenade Shopping Plaza, Palm Beach Gardens (Publix-anchored)
Buyer Mount Vernon Co., seller Nuveen Real Estate

Palm Beach Island / Palm Beach Gardens / WellingtonSaleRetail207,877 SF$67M (per South Florida Business Journal; not disclosed in release)Source