3850 SE Three Mile
US - McMinnville, OR
CHF 4,526,000 | 2,309 m²
PREMIER GROCERY ANCHORED MIXED-USE DEVELOPMENT IN WEST PALM BEACH, ONE OF THE MOST DYNAMIC MARKETS IN THE USA
Jones Lang LaSalle (“JLL”), has been retained as the exclusive sales representative for The Press (the “Property”) – a complete redevelopment and modernization of the former Palm Beach Post headquarters, 11.57 acres in the heart of West Palm Beach. The Property boasts 140,601 SF of Class A office space, 116,051 SF of grocery anchored retail, including a Starbucks outparcel, and a 3.68-Acre development parcel. The Property is centrally located in West Palm Beach on the Dixie Corridor, which features shopping, fine art, craft breweries, and some of the best restaurants in South Florida. The Press draws from a large consumer base being a mile to the Island of Palm Beach and offers near immediate access to Interstate 95 via Belvedere Rd. The Property’s superior accessibility and visibility, quality construction, in-fill location, high-profile tenancy, and upside potential combine to make it the rarest offering in West Palm Beach.
The Offering presents a unique opportunity to acquire critical mass in West Palm Beach, with numerous value enhancement opportunities and densification potential. The property is being offered in whole, though potential purchasers may choose to bid on individual use components.