Lighthouse Realty Services Closes Two Commercial Real Estate Properties in the Greater West Palm Market
March 2016, Palm Beach Gardens - Blair Lee and Gretchen Krise represented the buyer of a two-story office building formally known as the BER building at 1720 E. Tiffany Drive in Mangonia Park. It is located less than one mile east of I-95 off of 45th street.
The property sold for $1,335,000 and contains 16,351 square feet of leaseable space, and was approximately 50% occupied at the time of sale. The owner plans to make immediate upgrades to the lakefront property, including exterior paint, paving, landscaping and interior upgrades. Lighthouse Realty was retained to lease the available space, with Gretchen Krise as the leasing contact for the remaining 8,969 square feet available.
Gretchen Krise also successfully closed the sale of six office condo units within the Cross Roads office condominiums. It is located at 1897 Palm Beach Lakes Blvd., situated in a prime location just off I-95. The property was listed by Lighthouse Realty Services and purchased by a local investor. LRS will be leasing the six available condos, totaling 5,614 square feet.