Commercial Real Estate, Capital, Insurance, Leasing & Management

Seasonal Palm Beacher among investors who bought Tiffany building on Worth Ave.

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Franklin Street, a full-service commercial real estate company, has arranged the $20 million sale of a trophy property on the famed Worth Avenue in Palm Beach.

Excerpted from Palm Beach Daily News story.

Tiffany & Co. has a long-term lease at the 16,374-square-foot building on Worth Avenue, according to a spokesman for Franklin Street, the Tampa-based commercial brokerage that handled both sides of the transaction. The building has two ground-floor storefronts on either side of the jewelry store. The store plans to expand into one those spaces, according to several sources familiar with the transaction.

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