The Forum, the 278,367-square-foot office complex at 1655-1675 Palm Beach Lakes Blvd. that once was West Palm Beach’s business hub, has sold for $20.5 million.
PRP Real Estate Investment said Wednesday it sold the three-building property for $20.5 million. The Washington, D.C.-based company paid $13.65 million in 2010.
The new owner is Crimson Peak LLC of Miami. The three 10-story buildings are 61 percent leased.
The property is next door to Palm Beach Outlets, which sold last year for $278 million. The Forum was built in the 1970s, when downtown lacked office towers.