EcoPlex, a 100,525-square-foot office building in West Palm Beach has sold for $32.5 million in a joint venture between MHCommercial Real Estate Fund II, a West Palm Beach-based discretionary real estate private equity fund, and Waterfall Asset Management, a New York-based, SEC-registered institutional asset manager.
Corey Winsett, director of acquisitions for MHCREF, oversaw the acquisition on behalf of the buyers and financing was managed LoanCore Capital, a financial institution headquartered in Connecticut. LoanCore Capital’s managing director Steve Kay, and vice president J.P. Kost structured the financing. Elizabeth Jones and John Strickroot of the Shutts & Bowen law firm in Miami represented the buyers.
