New York textile executive buys estate in Palm Beach for $10M
A New York textile executive just bought an estate in Palm Beach for $10.4 million from a company tied to a hedge fund executive.
Loïc de Kertanguy, the president of the J.B. Martin Company, bought the 8,432 square-foot mansion at 180 Canterbury Lane in Palm Beach for $1,233 per square foot, according to property records. An LLC tied to Kalman Vidomlanski, tax director of New York-based Alden Global Capital, sold the property for $2.8 million more than what he paid four years ago.
Records show Vidomlanski’s 180 Canterbury Lane LLC paid $7.6 million for the five-bedroom home in 2014. It was built in 2004 and features a pool, garden and a library.
Kertanguy’s company specializes in manufacturing woven velvet fabrics. The textile magnate and his wife previously sold a Palm Beach home at 260 Kawama Lane for $10.5 million in 2015. The couple paid $8.73 million for the home, according to Palm Beach County property records.
Source: The Real Deal