A picture illustration of Smith & Associates’ Lee Ackerley and 3621 South Ocean Boulevard (Getty, Google Maps, Smith & Associates)
The co-founder of a significant semiconductor distributor purchased an oceanfront Highland Beach townhome from the Florida Panthers’ previous operator for $8.3 million.
Records exhibit Leland Ackerley purchased unit 2 at 3621 South Ocean Boulevard from Stuart Siegel. Corcoran’s Suzanne Petrizzi represented the consumer, and Catherine McGlennon of Engel & Völkers experienced the listing.
Ackerley, who goes by Lee, co-established the semiconductor distributor Smith & Associates with his brother, Bob Ackerley, in 1984. Headquartered in Houston, the firm was not too long ago named the city’s major household-owned enterprise right after earning a document-breaking $3.4 billion in earnings final calendar year, the Houston Small business Journal described.
Siegel is the previous owner and CEO of the Nationwide Hockey League’s Florida Panthers. He owned the crew from 2008 until eventually 2012, and in that time served as an NHL governor. Siegel established the Waterloo, Ontario-centered HockeyTech in 2012, which provides hockey-distinct analytics and details expert services. He also manages holdings and investments via Siegel Enterprises, a Florida LLC.
Siegel bought the townhome for $6 million in December 2020, in accordance to home information. The 5-story unit, crafted in 2018, spans 5,500 sq. ft, and includes 4 bedrooms and six loos, records clearly show. The townhome also has a private elevator and plunge pool, according to the listing. McGlennon claimed Siegel custom-made the townhome, changing the full next floor to a learn suite.
Siegel downsized to a house on the Intracoastal Waterway, according to McGlennon. Records exhibit he purchased a household in Delray Seaside for $2.7 million in Oct.
Ackerley also owns a two-bed room, two-toilet condominium in Boca Raton. He purchased the device at the Chalfonte Condominiums in August 2020 for $1.2 million, documents exhibit. Petrizzi also represented him in that offer.
McGlennon reported she and her client priced the townhome strategically superior, and turned down a number of reduced features.
“We considered in the energy of the true estate in Palm Beach County,” she reported. Significant-close, more recent design has maintained sturdy pricing, in spite of the mellowing current market, McGlennon added.
The Highland Beach townhome undertaking was created in 2019 by a partnership amongst Grafton Street Cash, Funds Growth Group Intercontinental and Halstatt Actual Estate Associates.
The CEO of a Boca Raton-primarily based expenditure firm bought 1 of the townhomes for $6.3 million in June of previous calendar year.
Mary Jane Fortin, the former president of Allstate Monetary Services, purchased a townhome in a separate Highland Beach front progress for $5.9 million in May possibly, just a month soon after celeb medical professional Nicholas Perricone also bought a Highland Beach front townhome for $6.8 million.
