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MIAMI, Dec. 28, 2021 – JLL Capital Markets announced today that it has closed the $55.5 million sale of The Offices at Pelican Bay, a two-building, Class A office portfolio totaling 177,557 square feet in Naples, Florida. The sale marks the largest office transaction on Florida’s Southwest coast this year.
Phillips Point office towers with Related’s Stephen Ross (JLL, Getty) The Related Companies is expected to close on the Phillips Point office towers in West Palm Beach for $282 million. Matt McCormack AEW Capital Management is selling the 448,914-square-foot office complex. The deal, which will mark the largest office sale in South Florida in more than a year, is set to close in a couple of weeks. Real Estate Alert and Bloomberg reported the deal. A source confirmed details of the sale to The Real Deal. Related will pay about $630 per square foot for the buildings at 777 South Flagler Driv...