Billionaire Jeff Greene has sold the landmarked Palm Beach Main Post Office Building to the company that owns The Breakers resort next door. The price of the off-market sale was recorded at $28 million via a deed posted Dec. 26 by the Palm Beach County Clerk’s office .
Palm Beach resident Greene had owned the Mediterranean-style building at 95 N. County Road through one of his companies, which paid $3.725 million for it in 2011 . After buying it, Greene kept intact the exterior and the lobby area, with its historic murals, and used the rest of the 1936 building as office space for his energy-and-fuel company and his real-estate-investment business.
The purchase further expands The Breakers’ real estate portfolio in the Royal Poinciana Way commercial district. The latest deal brings to eight the number of real estate purchases the resort and its affiliates have executed since 2010 in the area.
The purchase “marks the final phase of The Breakers’ seven-year, strategic initiative to revitalize the island’s historic Main Street and surrounding neighborhood,” said a statement from The Breakers.