Acadia doubles Palm Beach County retail holdings with $43M purchase
Acadia Realty Trust is expanding in Palm Beach County, picking up a prime retail property on Worth Avenue, the island’s storied shopping corridor where billionaire brothers David and Simon Reuben also recently made a splashy investment. White Plains, New York-based Acadia, led by Kenneth Bernstein, paid $43 million for the one-story, 9,900-square-foot building at 225 Worth Avenue, records and real estate database Vizzda show. The seller is an entity tied to Miami Beach-based JSB Capital Group, led by Jay Lobell. The price amounts to $4,329 per square foot. In 2021, Aspen, Colorado-based investor Mark Hunt bought the building for $18 […]This article originally appeared on The Real Deal. Click here to read the full story.
Categories
Recent Posts
Confessions of a content hoarder: What 107 dead pages taught me
UAD 3.6 is coming. Hybrid appraisals are built for it.
After $21M assessment uproar, Brickell association says contractor overbilled, left work undone
Disgraced CIA Agent Must Forfeit $100 Million Worth of Luxury Florida Properties in Stolen Gold Plot
Bank of America: Older Americans have taken on a bigger economic role
Odell Beckham Jr. Joins Vikings After Giants Release—Weeks After Admitting He ‘Never Wanted To Leave’ New York
HUD opens probe into Wells Fargo’s race-based mortgage programs
‘The Sopranos’ Star Steven Van Zandt Tacks Nearly $4 Million Onto Asking Price of Eclectic Greenwich Village Penthouse
Denmark accuses Palm Beach resident of shielding assets in waterfront home
Grim Discovery at North Dakota Governor’s Mansion as 7 Coffins With Human Remains Are Unearthed
GET MORE INFORMATION
Stevan Stanisic
Real Estate Advisor License ID: SL3518131
Real Estate Advisor License ID: SL3518131