Property Types Office
Centurion Tower, NorthPoint Corporate Center Sold in West Palm Beach
Aug 25, 2008

The Miami office of Holliday Fenoglio Fowler L.P. has closed the sale of Centurion Tower and NorthPoint Corporate Center, two suburban Class A office buildings totaling 243,000 square feet in West Palm Beach, Fla. Holliday Fenoglio managing director Hermen Rodríguez, executive managing director Manny de Zárraga, director Ike Ojala and associate director Luis Castillo led the investment sales team on behalf of the seller, JP Morgan Asset Management.  1400 Centrepark was also purchased by TA Associates as part of this transaction through Holliday Fenoglio in July. Centurion Tower and NorthPoint Corporate Center are located at 1601 Forum Place and 701 Northpoint Parkway respectively, proximate to Interstate 95 and downtown West Palm Beach.  Centurion Tower has 14 stories of office space totaling 143,938 square feet and is situated on a 2.3 acre site.  Key tenants at the 87 percent occupied property include Oxbow, Kolter and BDO Seidman.  Northpoint Corporate Center is a five-story, 99,030-square-foot office building that is 86 percent leased to tenants including CBS Radio Stations, AT&T and First American Title.

 
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?CPN Executive Outlook? A roundtable discussion on market strategies with John C. Cushman III, Chairman of Cushman & Wakefield, Inc., Gordon DuGan, President and CEO of W. P. Carey & Co., and Mark Rauenhorst, Chairman and CEO of Opus Group.; CPN; Cushman & Wakefield; Gordon DuGan; John C. Cushman III; Mark Rauenhorst; Opus Group; W. P. Carey & Co.; Eugene Gilligan, Senior Editor for Commercial Property News interviews Bob Bach, National Director, Market Analysis Grubb & Ellis Company at Multi Housing World.; Bob Bach; Commercial Property News; Eugene Gilligan; MHN; Multi housing news; multi housing world; hompage
 

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