WEST PALM BEACH, Florida, October 13, 2022 – Cushman & Wakefield announced that the commercial real estate services firm has arranged the $5.5 million sale of a 6.30-acre parcel of land located at 7777 Southern Blvd. in West Palm Beach, Florida.
Christopher Thomson, Chris Metzger, Rick Etner Jr., and Matthew G. McAllister of Cushman & Wakefield’s South Florida Industrial Team represented both the buyer and seller in the transaction. The land parcel was sold by Hoover Properties and acquired by 7777 Southern Blvd, LLC.
The 7777 Southern Blvd. land parcel offers optimal frontage on Southern Boulevard in West Palm Beach and is currently zoned for agricultural use with underlying industrial land use. The land will be occupied by Discount Truck Parking (a truck/trailer parking company owned by the buyer) and utilized as a parking location for trucks.
“The industrial land use makes this parcel a prime redevelopment site in the most active industrial market in Palm Beach County,” said Thomson, Executive Managing Director at Cushman & Wakefield.
Cushman & Wakefield’s South Florida Industrial Team is a six-member group led by Chris Metzger, Rick Etner Jr., and Christopher Thomson that has negotiated over 17 MSF of sale and lease transactions valued at more than $593 million in 2021.
For more information, please visit www.southfloridaindustrialteam.com.