Related Ross buys One Clearlake office tower in downtown West Palm for $55M

Steve Ross bought the One Clearlake office tower for $55.4 million, expanding his empire in downtown West Palm Beach, where he is the dominant developer and investor.   Ross’ West Palm-based Related Ross bought the 18-story building at 250 South Australian Avenue from Chicago-based Bradford Allen Investment Advisors, according to records. The buyer secured a $40 million loan from City National Bank of Florida.  Completed in 1987 on a 2.9-acre lot, One Clearlake spans about 221,700 square feet and  includes an attached four-story, 669-space garage, according to records. Roughly 20 percent of the office space is available for lease, according to […]

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