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Crossroads in Palm Beach - Big Deals: Palm Beach
South Florida CEO, Sept, 2002
> The Crossroads shopping center, at the northeast corner of Okeechobee and Royal Palm Beach boulevards in western Palm Beach County, sold for $18.5 million. The new owner of the Publix-anchored center, Ramco/Crossroads at Royal Palm Beach LLC (an affiliate of Ramco-Gershenson Properties Trust) paid $129 per square foot for the 143,018-square-foot center, which was completed in 1988, and last appraised in 1995 at $12.68 million.
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