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New York Investor Buys Florida Office Portfolio for $281.9 Million

AEW Capital Management Sells 452,000-SF Phillips Point Towers
By Nigel Davidson
CoStar Research
February 17, 2021 | 6:42 P.M.

The Related Cos. acquired the two-building Phillips Point development at 777 S. Flagler Drive in West Palm Beach, Florida, for $281.85 million, or approximately $624 per square foot, from AEW Capital Management.

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