UPDATED, Oct. 9, 4:10 p.m.: A company tied to motivational speaker and author Tony Robbins bought a West Palm Beach warehouse with plans to build a production studio, The Real Deal has learned.
The buyer, PB Studios LLC, tied to Anthony Robbins Companies, paid $4.4 million for the 28,000-square-foot warehouse at 2951 Electronics Way, according to a press release. A deed for the sale has not yet been recorded.
Records show that PB Studios LLC is managed by Yogesh Babla, CFO of Anthony Robbins Companies, whose businesses include a worldwide seminar and product business Robbins Research International, Namale Resort & Spa in Fiji, Fortune Practice Management, and a variety of businesses including media production under Tony Robbins Productions.
The seller is an affiliate of Bohren’s, a moving and storage company based in Robbinsville, New Jersey, according to records. Bohren’s bought the land in 2003 for $596,000. The warehouse was built in 2004. It features 38-foot-high ceilings, five bays and a full-size truck scale and weigh station, according to the release.
Marcus & Millichap’s Douglas K. Mandel, Tyler S. Kuhlman and Richard Redmond had the listing.