Property
205 & 221 Royal Palm Way
Location
Palm Beach, FL
Size
23,083 SF
Value
Confidential
Type
Sale

205 & 221 Royal Palm Way

BlueGate Partners, LLC has been retained by the owner regarding its sale of the fee simple interest 205 and 221 Royal Palm Way located at the northwest corner of Royal Palm Way and South County Road in Palm Beach, Palm Beach County, FL. The property is comprised of two, two-story office buildings totaling 23,083 leasable sf. The property is currently 70.2 percent occupied (as of September 2014) by JP Morgan Chase Bank, N.A. Originally constructed in 1921, the property underwent renovations in 1993, 2007 and 2011.

The Property is located on Royal Palm Way in the Town of Palm Beach, Florida nearly equidistant between the Atlantic Ocean and the Intracoastal Waterway and less than one mile from Downtown West Palm Beach. Royal Palm Way, commonly referred to as “Bankers Row,” is home to a number of the world’s most successful private banks.