Commercial Real Estate, Capital, Insurance, Leasing & Management

Expensive Breakfast at Tiffany’s

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Franklin Street's Greg Matus arranged the $20M sale of a trophy property on Worth Avenue in Palm Beach.

Excerpted from story.

Palm Beach, FL–Tiffany & Co. was the lead tenant in a rare sale of a 16,374-square-foot building on famed Worth Avenue in Palm Beach.

Greg Matus, senior vice president of investment sales for Franklin Street, negotiated the transaction on behalf of the seller, Madden Family Associates, and the buyer, Fortress Investment Group LLC, a New York Stock Exchange-listed investment management firm. In addition to handling the sale, Franklin Street’s Lisa Jesmer will also provide property management services for the asset.

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