TZ Capital buying Palm Beach’s former Neiman Marcus building from Ken Griffin for $81M

Billionaire Citadel founder Ken Griffin is selling a prime strip of Palm Beach’s Worth Avenue for $80.5 million, three years after buying it for $78 million. Sources confirmed the buyer of the 48,600-square-foot building at 151 Worth Avenue is TZ Capital, a West Palm Beach-based real estate investment firm led by Sam Zuckert, Tyler Tananbaum and Teddy Tananbaum. The sale is expected to close Monday, a source close to the deal confirmed. TZ Capital plans an extensive renovation of vacant retail spaces and is aiming for boutique retailer tenants. A source close to the firm also confirmed the building’s underground […]This article originally appeared on The Real Deal. Click here to read the full story.