Boca Raton, FL – November 4, 2011 – (RealEstateRama) — Steve Leeds, Broker of Green Capital Realty Advisors, LLC, a Commercial Real Estate Brokerage and Construction Company, represented PEBB ENTERPRISES of Boca Raton, FL in their purchase of 1645 Palm Beach Lakes Boulevard (Sabadell United Bank Building) and 1401 Forum Way (Horizons Building). The combined purchase price was $14,250,000 for the two buildings, which total over 180,000 square feet. PEBB principal Jared Weiner says, “We are very excited about the opportunity to purchase these buildings. These assets provide a tremendous amount of upside for us. We plan on thoroughly renovating the common areas of both buildings, making these the premiere office assets of the Palm Beach Lakes Road corridor in West Palm Beach.” Currently, the Sabadell United Bank Building is 80% occupied with a stable base of long term tenants, while the Horizons Building is 50% occupied.
RealEstateRama GREEN CAPITAL REALTY ADVISORS, LLC REPRESENTS PEBB ENTERPRISES IN THE PURCHASE OF TWO CLASS A OFFICE TOWERS TOTALING OVER 180,000 SQUARE FEET