Commercial Real Estate, Capital, Insurance, Leasing & Management

Tiffany building on Worth Avenue on track to fetch top dollar

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The Tiffany building at 259 Worth Avenue in Palm Beach is expected to sell for $40 million.

When the Tiffany building at 259 Worth Ave. went on the market late last year, dozens of investors showed interest, said Robert Granda, the Franklin Street broker marketing the property.

The seller is weighing 10 offers for the property, and Granda said the final price is likely to be $40 million, or more than $2,300 a square foot.

“It is a pure, prime, Class A, trophy asset,” Granda said. “When you Google Worth Avenue, this is the building that comes up.”

Tiffany plans to stay in the building after the sale, he said.

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