The Watchtower Bible and Tract Society of New York purchased the former Federal Aviation Administration (FAA) training facility June 27, for $7.02 million. The 2014 appraised value of the property was $8,831,305, according to the Flagler Property Appraiser’s Office.
The property is located at 4500 Palm Coast Parkway SE., Palm Coast, FL 32137. Watchtower plans to use the site as a training facility much like the FAA. There are no major renovations planned.
“Embry Riddle has been a good steward of the property,” Tallaksen noted. “Everything has been maintained at a high level.”
This sale was the largest for both Tallaksen and the Palm Coast office. Tallaksen works as a team with his wife Rosemarie. The couple usually focuses on residential real estate, but this is not Tallaksen’s first commercial transaction. Tallaksen plans to put his focus on commercial sales going forward.
Lindsay Dolamore, Vice President/Managing Broker of the Palm Coast office is excited for the possibility of expanding commercial business.
“This sale is a major accomplishment for Tom and our office. We hope this transaction will show our capabilities in commercial real estate,” said Dolamore.
Watson Realty Corp. (WatsonRealtyCorp.com) is honored to be a founding member of LeadingRE (www.LeadingRE.com ), and a four-time recipient of the network’s highest honor, the Diamond Award. LeadingRE is the largest network of premier locally-branded firms producing over one million annual home sale transactions and provides its affiliates with an extensive range of brokerage services. These services include lead generation, cross-market referrals, branding support, luxury marketing, online exposure, technology systems, and industry-leading professional development.
For more information on Watson Realty Corp., visit www.WatsonRealtyCorp.com or call 800.257.5143.