Midtown Capital Partners nabs West Palm business park for $37M
In the News
01/17/2022 - 08:48
Midtown Capital Partners dropped $37 million for a six-building office and industrial park in West Palm Beach.
The Miami-based real estate investment firm bought the Vista Business Park at 2253, 2255, and 2257 Vista Parkway, and 6903, 6917, and 6931 Vista Parkway North, according to records. Midtown Capital, led by CEO Alejandro Velez, financed the acquisition with a$24 million loan from BankUnited.
The six buildings total 174,970 square feet, so the deal works out to $211 a square foot.