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El Castillo’ changes hands for $19.8 million

Posted On: 02-19-2014

By Darrell Hofheinzn Daily News Real Estate Writer

A Delaware-based entity has paid a recorded $19.8 million for El Castillo, James “Jim” Held and Kenn Karakul’s landmarked house in the Estate Section.

Citing confidentiality agreements, none of the parties involved would discuss specifics about the deal for 4 El Bravo Way or who is behind Jan Holdings LLC, the limited liability company that bought the seven-bedroom house.But the buyer is linked to the investment firm co-founded by Palm Beacher Henry Kravis, according to the deed recorded Tuesday.

To read more, click here: http://www.palmbeachdailynews.com/news/news/local/el-castillo-changes-hands-for-198-million/ndThd/

Source: Darrell Hofheinz, February 19, 2014, Palm Beach Daily News

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