295,933-SQUARE-FOOT CITY PLACE TOWER SOLD

by admin

WEST PALM BEACH, FLA. — City Place Tower, an 18-story, 295,933-square-foot office building in West Palm Beach was purchased by KBS Real Estate Investment Trust II. The building is currently 86 percent leased to tenants such as Intech (Janus Funds), Cleveland Clinic, Carlton Fields, Regions Bank and more. The undisclosed seller was represented by Douglas Harmon of Eastdil Secured's New York office and Michael McDonald and Miles Theodore of Eastdil Secured's Atlanta office. KBS Capital Advisors, an affiliate of KBS Realty Advisors, represented KBS REIT II. The price was undisclosed.

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