Commercial Real Estate, Capital, Insurance, Leasing & Management

EXCLUSIVE: Tiffany building on Palm Beach’s Worth Ave. sells for $20M, deed shows

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One of Worth Avenue’s most recognizable buildings — home to Tiffany & Co. — has changed hands for $20 million, according to a deed recorded today. The price paid for 259 Worth Ave. in Palm Beach works out to about $1,221 per square foot. The buyer is New York City-based Fortress Investment Group LLC, an investment management firm, according to a statement released by Franklin Street, the commercial brokerage that handled the sale.

Excerpted from Palm Beach Post story.

One of Worth Avenue’s most recognizable buildings — home to Tiffany & Co. — has changed hands for $20 million, according to a deed recorded today.

The price paid for 259 Worth Ave. in Palm Beach works out to about $1,221 per square foot.

The buyer is New York City-based Fortress Investment Group LLC, an investment management firm, according to a statement released by Franklin Street, the commercial brokerage that handled the sale.

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