London investor buys in South Florida
London-based JZ Capital Partners, with its partners, has acquired Esperante Corporate Center, an office building in West Palm Beach, Fla.
The acquisition represents JZCP’s first investment in West Palm Beach, further diversifying the geographic concentration of JZCP’s South Florida real estate portfolio. The purchase price of the property was $125.8 million, of which JZCP provided $18.6 million.
Located at 222 Lakeview Ave. in downtown West Palm Beach, Esperante sits at the gateway to the island of Palm Beach, providing tenants with easy access to beachfront residential neighborhoods and local amenities alike.
JZCP is a London-listed fund that invests in U.S. and European micro-cap companies and U.S. real estate, alongside its long-term real estate partners, RedSky Capital and The Clark Estates.