Palm Beach Mixed-Use Asset Sells for $20M
- Apr 18, 2017
HFF closed the $19.5 million sale of an 18,712-square-foot retail and office building located at 313 1/2 Worth Ave. in Palm Beach, Fla. HFF marketed the property on behalf of the seller, Tricony Management.
The property is part of Via BiCE, which comprises five buildings on .57 acres and is anchored by BiCE Palm Beach Ristorante. The complex is 89.4 percent leased to a variety of retail and office tenants including Acento Jewelry, David Chase, Haberdashery, DJT Fine Art, Eye of the Needle, Christie’s Real Estate, Washington Growth Strategies, Cashmere Beach and Cruciani. Construction dates back to the 1940s, with the addition of the fifth building in 2000.
The HFF team of Senior Managing Director Hermen Rodriguez, Managing Director Luis Castillo, Director Eric Williams and Associate Kim Flores, represented the seller.
Image courtesy of BiCE Ristorante