West Palm Beach, Fla. — JLL Capital Markets has brokered the $45.7 million sale of Echo, a 71,694-square-foot mixed-use property located in downtown West Palm Beach. Originally built in 1925 and renovated in 2021, improvements to the property include a refreshed lobby, conference center, electric vehicle chargers, newly constructed lounge, as well as a new private courtyard.
The mixed-use development features office space, 10,000 square feet of ground-floor retail and a 257-space parking garage. The property was 80 percent leased to Stone Point Capital, AltaRock Partners and Sound Point Capital at the time of sale. Ike Ojala, Hermen Rodriguez, Matt McCormack, Blake Koletic and Hunter Smith of JLL represented the seller, Morning Calm Management, in the transaction.