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1700 PALM BEACH LAKES SOLD FOR $18.5 MILLION

West Palm Beach, FL – June 11, 2012 – (RealEstateRama) — CBRE arranged the sale of 1700 Palm Beach Lakes, a 113,953-square-foot office building for $18,462,500. CBRE market the asset for sale on behalf of DRA Advisors, and also secured $13,725,000 acquisition financing on behalf of the purchaser, Breaker’s Capital Partners LLC. The new owner has retained CBRE as exclusive leasing advisor as well.