See how much Palm Beach Lakes offices sold for


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.

» PAST COVERAGE: Forum office complex up for sale as West Palm Beach area sees rebirth

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