KBS Announces the Sale of Financial Center at the Gardens in Palm Beach Gardens, Florida for More Than $71 Million
Cushman & Wakefield plc Ordinary Shares (CWK)
Last cushman & wakefield plc ordinary shares earnings: 2/27 04:09 pm
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Source: Business Wire
PALM BEACH GARDENS, Fla.--(BUSINESS WIRE)--KBS, one of the largest owners of commercial real estate, today announced the sale of Financial Center at the Gardens, a Class A office property in West Palm Beach Gardens, Florida. Financial Center at the Gardens is a 10-story office building spanning 188,950 square feet.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190723005944/en/KBS Announces the Sale of Financial Center at the Gardens in Palm Beach Gardens, Florida for More Than $71 Million (Photo: Business Wire)Financial Center at the Gardens was purchased for $71.8 million by New York Life Insurance Company, one of the largest life insurers in the world. KBS originally purchased the property in 2015 in a joint venture with a sovereign partner.Located along the PGA Boulevard micro-market, Financial Center at the Gardens is within walking distance to the 1.4 million sf Gardens Mall and is adjacent to Downtown at the Garde
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