Morning Call Management sold Echo, a 71,000-square-foot mixed-use property in West Palm Beach, for $45.7 million to an undisclosed buyer. Commercial Edge reports the building last traded for $14 million in 2019. The JLL Capital Markets team representing the seller was led by Ike Ojala, Hermen Rodgriguez, Matt McCormack, Blake Koletic, and Hunter Smith.
Originally built in 1925, Echo was repositioned in 2021 and offers Class A office space with approximately 10,000 square feet of ground floor retail and a 257-space parking garage. The asset is 80% occupied by a variety of financial services firms. Upgrades to the property included a new lobby, conference center, new lounge, EV chargers and a new private courtyard.
Located at 205 Datura St., Echo is positioned to take advantage of a signature waterfront, a growing residential and business community and two bustling shopping districts…