Jan. 20--A new West Palm Beach restaurant building featuring Tijuana Flats and Dunkin' Donuts has sold for $3.25 million, or $813 a square foot.
Lanzarote Investments bought the 4,000-square-foot property at 2087-2089 Palm Beach Lakes Blvd. from an affiliate of the developer, Ross Realty. CBRE Group said it arranged the sale.
The building, finished last year, is in front of the 107,000-square-foot City Furniture/Ashley Furniture center.
CBRE's Todd Weintraub said in a statement that the property drew strong interest for its long-term leases and location near Interstate 95.
"This is yet another prime example of the depth of demand for high quality, retail assets across South Florida," Weintraub said.
(c)2017 the Sun Sentinel (Fort Lauderdale, Fla.)
Visit the Sun Sentinel (Fort Lauderdale, Fla.) at www.sun-sentinel.com
Distributed by Tribune Content Agency, LLC.
© Tribune Content Agency, source Regional News