Fortress pays $20M for Tiffany building on Worth Avenue

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.

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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/