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Former Handelsman properties, including post office building, bring $21M in bankruptcy sale
A court approved the sale of three properties owned by entity once controlled by Worth Avenue landlord Burt Handelsman.
Darrell Hofheinz
Palm Beach Daily News
Three Palm Beach commercial properties including the building that houses the South County Road post office and part of another one facing Worth Avenue have changed hands for a recorded $21 million in a sale sanctioned by a U.S. bankruptcy court.
The limited partnership that sold the buildings, Hals Realty Associates LP, was for years controlled by longtime Worth Avenue property owner and landlord Burt Handelsman. But the limited partnership was managed by a court-appointed bankruptcy trustee when the sale closed Jan. 13 in the Chapter 11 case, court records show. The deed of sale recorded Tuesday.