Commercial Real Estate, Capital, Insurance, Leasing & Management

Fortress pays $20M for Tiffany building on Worth Avenue

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A Madden Family Associates partnership sold the Tiffany & Co. building at 259 Worth Avenue in Palm Beach to Fortress Investment Group for $20 million. Greg Matus of Franklin Street represented the buyer and seller. Franklin Street’s Lisa Jesmer will provide property management services for the building.

Excerpted form The Real Deal story.

Fortress Investment Group just bought a gem on Palm Beach’s Worth Avenue.

A Madden Family Associates partnership sold the Tiffany & Co. building at 259 Worth Avenue to Fortress for $20 million. The 16,374-square-foot building sold for $1,221 per square foot after nearly two years on the market.

Greg Matus of Franklin Street represented the buyer and seller, according to a press release. Franklin Street’s Lisa Jesmer will provide property management services for the building.

For full story, visit https://therealdeal.com/miami/2018/10/03/fortress-pays-20m-for-tiffany-building-on-worth-avenue/

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