Emerald View at Vista Center
2054 & 2056 Vista Parkway, West Palm Beach, FL 33411
Emerald View at Vista Center is a two-building, 139,471-square-foot office center located in West Palm Beach, Florida. Emerald View is located adjacent to the Emerald Dunes Golf Club at the northwest quadrant of the intersection of Florida’s Turnpike and Okeechobee Boulevard within a 500-acre master-planned business park known as Vista Center. The Vista Center is a mixed-use development of office, flex and industrial buildings. Developed in 2007, Emerald View is the only suburban property in the market built to exceed hurricane code requirements and offer 100 percent back-up power for 25 days of “business as usual” continuous operation.
The property is located off Florida’s Turnpike, which is a widely used toll road in the West Palm Beach central business district. Access to the property is also available from Jog Road, which is a major north/south thoroughfare that parallels the Turnpike to the west. Interstate 95, the West Palm Beach CBD and the West Palm Beach International Airport are all in close proximity to the property.
Investment at a Glance
Location: West Palm Beach, FL
Property Type: Office
Acquisition Date: December 9, 2010
Purchase Price: $36,000,000
Sale Date: May 23, 2019
Sale Price: $38,500,000
No. of Buildings: 2
No. of Stories: 4
Square Footage: 139,471 SF
Leased Percentage (at the time of Acquisition): 87.6%