An affiliate of Miami-based Crimson Peak has purchased three office buildings in the Forum complex in West Palm Beach for $20.5 million. Topping out at 10 stories, the 278,367 sq ft office building is located at 1655 Palm Beach Lakes Blvd. The three buildings traded for just under $74 per square foot. The sellers were a partnership between Miami-based Panther Capital Management and Washington, D.C.-based PRP. H.F.F represented the sellers during the transaction.
āThe Forum transaction continues the exciting renaissance of the Palm Beach Lakes corridor, which started with the completion of the Palm Beach Outlets adjacent to Forum and recent residential development in the area,ā said H.F.F. director Ike Ojala.
