Blackstone Snaps Up Ken Griffin’s 125 Worth Avenue in Palm Beach for $86M
Billionaire Ken Griffin just parted ways with his last remaining retail property on Worth Avenue in Palm Beach, Fla., Commercial Observer has learned. Blackstone Real Estate has agreed to acquire the three-story office and retail building at 125 Worth Avenue, owned by Griffin…
Billionaire Ken Griffin just parted ways with his last remaining retail property on Worth Avenue in Palm Beach, Fla., Commercial Observer has learned. Blackstone Real Estate has agreed to acquire the three-story office and retail building at 125 Worth Avenue, owned by Griffin…
BELLINGS Intelligence Score: 12
Why it matters
This is a routine commercial real estate transaction involving a well-known investor and a major real estate firm, with limited broader market or credit implications.
Sources
Commercial Observer
Blackstone Snaps Up Ken Griffin’s 125 Worth Avenue in Palm Beach for $86M
Billionaire Ken Griffin just parted ways with his last remaining retail property on Worth Avenue in Palm Beach, Fla., Commercial Observer has learned. Blackstone Real Estate has agreed to acquire the three-story office and retail building at 125 Worth Avenue, owned by Griffin…