Apollo offloads $92M portfolio.Apollo Real Estate Advisors has sold a portfolio of four office buildings in West Palm Beach, Fla., to JP Morgan Fleming Asset Management Company for $92.5 million. The four buildings total 442,400 square feet. The properties are 1400 Centrepark, 1400 Centrepark Bouleyard, which is 88% leased; the Bank of America Center There are two Bank of America Centers
Tenants in the various buildings include Laird laird n. Scots The owner of a landed estate. [Scots, from Middle English lard, variant of lord, owner, master; see lord. Plastics at 1400 Centrepark; Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. and the law firm of Becker & Poliakoff at Bank of America Center; BDO Seidman BDO Seidman, LLP is the United States arm of BDO International, one of the largest accounting firms outside of the Big Four. History BDO Seidman, LLP was founded as Seidman and Seidman in New York City in 1910 by Maximillian L. Seidman. at Centurion Tower; and Infiniti Radio and Bellsouth at Northpoint Corporate Center. "We felt the timing was right to complete this transaction, as these are desirable properties in a market that continues to experience strong growth," said John Jacobsson, Apollo managing partner. "This disposition continues Apollo's goal of liquidating its second real estate investment fund by aggressively managing the sales process A sales process is a systematic approach for performing product or service sales. The reasons for having a sales process include seller and buyer risk management, achieving standardized customer interaction in sales and scalable revenue generation. ." |
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