Adirondack Capital Partners arranges $43 million sale of 225 Worth Ave. in Palm Beach to Acadia Realty Trust

Palm Beach, FL Adirondack Capital Partners (ACP), has arranged the $43 million sale of 225 Worth Ave., a retail property in the town’s premier luxury shopping corridor.

The 10,000 s/f building is leased to retailers including Gucci, G/FORE and J. McLaughlin. The property also features 89-ft. of frontage along Worth Ave.’s 200 block.

Brittany Feinberg and Michael Hunter Coghill of ACP represented both the seller, JSB Capital Group, and the buyer, Acadia Realty Trust, which ACP sourced and secured for the transaction.

“This transaction highlights the extraordinary investor demand for trophy high street retail assets in premier global shopping destinations,” said Feinberg, partner at ACP. “225 Worth Ave. is a generational asset positioned at the center of one of the most exclusive retail corridors in the world.  Its irreplaceable location and limited supply of comparable properties drove exceptional interest from investors.”

The transaction represents a compelling outcome for both parties. For the seller, it delivered a successful exit on a trophy asset. For Acadia Realty Trust, the acquisition secures high street frontage in one of the fastest-appreciating retail corridors in the country - with in-place rents below current market levels, providing immediate long-term value creation and upside potential.

Feinberg added that opportunities to acquire properties along Worth Ave. remain exceptionally rare. “Assets of this caliber rarely trade, and when they do, they attract significant institutional demand from investors seeking long-term exposure to luxury retail corridors,” Feinberg said. “Worth Ave. has emerged as a top-tier institutional trophy corridor. The massive influx of ultra-high-net-worth residents and businesses relocating to Palm Beach has fundamentally transformed the demand profile for retail here. Worth Ave. rents have experienced significant year-over-year growth, and with in-place rents across the corridor still lagging current market, buyers are acquiring not just a stabilized income stream but a meaningful rent growth story. The combination of irreplaceable real estate, world-class luxury tenancy, limited supply, and a rapidly expanding consumer base makes this one of the most compelling long-term holds in retail real estate today.”

Palm Beach has experienced an unprecedented surge of wealth migration and luxury retail expansion in recent years, driving increased investor attention to Worth Ave. The corridor is ascending to rank among the premier retail districts in the U.S. Home to global luxury brands such as Chanel, Louis Vuitton, Tiffany & Co., Bottega Veneta and Loro Piana, Worth Ave. continues to command some of the highest and fastest-growing retail rents in the country.