Ken Griffin snaps up Palm Beach property for $83 million
Billionaire Ken Griffin has snapped up a property on Palm Beach’s Worth Avenue — located next to a former Neiman Marcus store that his firm has planned to use as an office — for $83 million.
With the latest purchase, Griffin now owns both properties at 125 Worth Ave. and 151 Worth Ave., spokesman Zia Ahmed said. The seller of 125 Worth Ave. was the Frisbie Group and Dreyfuss Management, said Rob Frisbie, a principal of the Frisbie Group.
Griffin has been boosting his Florida presence after moving the headquarters of Citadel and Citadel Securities to the state. Griffin plans to build an office tower, which could end up as one of the tallest skyscrapers in Miami, in the city's Brickell neighborhood.
Last year, Griffin bought the old Neiman Marcus building on Palm Beach’s main shopping street for $78 million, intending to use it as an office. He has an estimated fortune of nearly $37 billion, according to the Bloomberg Billionaires Index. The Palm Beach Daily News reported the sale of 125 Worth Ave. earlier.
Griffin’s primary residence is in Miami, where he owns properties on Star Island and in Coconut Grove. In Palm Beach, he has amassed dozens of acres of land in a residential section of town where he’s building a home for his mother and plans to construct one for himself.