NAI/Merin Hunter Codman is proud to announce the sale of the historic Thaler & Thaler office building at 700 N Olive Avenue in Downtown West Palm Beach.
The two-story, 9,446 SF property closed for $5.95 million ($630/SF) – one of the highest office sale prices in the Central Business District in the past year.
A Fast, Above-Market Sale
- Under contract in just 7 days
- Closed in 65 days
- Sold for nearly 50% above the submarket average ($422/SF per CoStar)
Managing Directors Lesley Sheinberg and Barbara LeBrun represented longtime owner Amy E. Schultz, Trustee, achieving results that exceeded expectations.
The Buyer’s Next Chapter
The buyer, Palm Equity LLC, a private equity fund previously based on Palm Beach Island, chose to relocate downtown to embrace a more modern, vibrant setting.
- They will occupy the second floor.
- The first floor will be leased to other tenants, bringing new energy to the building.
Why This Matters
Downtown West Palm Beach, known as “Wall Street South,” has transformed into one of South Florida’s premier destinations for business. This transaction underscores the strength of the market, the city’s ongoing growth, and the ability of our team to deliver record-setting results.
👉 Read the full press release here.
Thanks to the following news organizations who shared this deal:
Chamber of the Palm Beaches: Link | PDF
Palm Beach Chamber North: Link | PDF
Boca Raton Chamber: Link | PDF
Boca Raton Tribune: Link
