Blackstone Snaps Up Ken Griffin’s 125 Worth Avenue in Palm Beach for $86M

AI Summary

Blackstone has agreed to acquire the three-story office and retail building at 125 Worth Avenue in Palm Beach, Florida, from billionaire Ken Griffin for $86 million. The all-cash deal marks Griffin's exit from his last remaining retail property on this prestigious street.

Billionaire Ken Griffin just parted ways with his last remaining retail property on Worth Avenue in Palm Beach, Fla., Commercial Observer has learned. Blackstone Real Estate has agreed to acquire the three-story office and retail building at 125 Worth Avenue, owned by Griffin since 2023, for $86 million in an all-cash deal, sources familiar with […]