ORLANDO / BOYNTON BEACH, Fla. --- Berkadia, one of the nation’s largest and most active multifamily investment banking and research companies, recently negotiated a $4,710,000.00 price in a sale of the 4.69-acre multi-family development site at 500 E. Ocean Ave. in Boynton Beach.
Cole Whitaker, Managing Director for Berkadia based in Orlando, negotiated the sale with Senior Vice President Hal Warren and Broker Associate Mary Beale. Berkadia represented the seller, Capstone Resdev, LLC who had the property approved for 341 units in a midrise building.
Skye at Boynton Beach, LLC acquired the site, located in downtown Boynton Beach at the signalized intersection of Ocean Avenue and South Federal Highway (U.S. 1) a mile from the ocean.
Berkadia, a joint venture of Berkshire Hathaway and Leucadia National Corporation, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia is amongst the largest, highest rated and most respected primary, master and special servicers in the industry.
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