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Alliance HP Spends $17M On Lake Worth Industrial Property

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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