Published by The Real Deal, October 1, 2020
Billionaire businessman Jude Reyes sold his Oceanfront mansion in North Palm Beach, Florida for $19,200,000 on September 25, 2020.
Reyes and his wife, Lori Welch Reyes, bought the property at 11750 Turtle Beach Road in Old Port Village for $16.1 million in 2014. They listed the 8,709-square-foot home, which has eight bedrooms and 8.5 bathrooms, for $23.5 million at the beginning of the year.
The buyers are Alexander D. and Laura F. Hanson. Alexander Hanson is an executive at TGS Management Company LLC, a New Jersey-based equity securities trading firm. Paul Kaneb with K2 Realty, Inc. brokered the deal between the two parties.
Reyes is co-chairman of Reyes Holdings, a food and beverage distributor that owns two Coca-Cola bottlers, and is among the largest beer distributors in the U.S. His net worth is estimated at $5.4 billion, according to Forbes.