An affiliate of Cabot Properties paid $15.725 million for a tire distribution warehouse in Royal Palm Beach.
Exeter Florida I LLC, part of Exeter Property Group in Plymouth Meeting, Pennsylvania, sold the 124,420-square-foot warehouse at 601 103rd Ave. North to CICF I FL2B01 LLC, an affiliate of Boston-based Cabot.
The deal equates to $126 per square foot.
The warehouse was built on the 6.5-acre site just north of Southern Boulevard in 2013. It’s leased to American Tire Distributors
Source: SFBJ
