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Alliance HP founders Richard Previdi and Clay Hamlin III with 7233 Seacrest Boulevard, Lake Worth (Alliance)
UPDATED, Feb. 26, 5:40 p.m.: Alliance purchased a warehouse on nearly 16 acres of industrial land in Lake Worth for $17 million.
Alliance 7233 Seacrest LLC bought two properties at 7233 Seacrest Boulevard and 7109 Seacrest Boulevard from 7233 Seacrest Boulevard LLC, according to records. Robert W. Fessler signed in favor of the seller.
The buying entity is an affiliate of Bryn Mawr, Pennsylvania-based commercial real estate investment firm Alliance HP.
The first parcel is 14.8 acres and includes a 135,000-square-foot warehouse. The second parcel is an acre with a parking lot. The deal equates to roughly $24.70 per square foot of land.
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Bankers Row building that sold about a year ago brings $17M, deed shows
On the seller’s side is an investment group that included Alex Hufty Griswold when it bought the landmarked structure at 450 Royal Palm Way a little more than a year ago.
Palm Beach Daily News
A landmarked office building immediately east of the Royal Park Bridge has sold for $17 million, the price recorded Wednesday with the deed.
The buyer was a Delaware-registered limited liability company named 450 RPW LLC. Because of Delaware’s strict corporate privacy laws, no other information about the buyer was immediately available.