The Real Deal | 650 Royal Way

The Real Deal | 650 Royal Way

Greek Foods CEO spends $9M on Waterfront Fort Lauderdale Mansion

It hit the market two years ago for $13M
From left: Peter Parthenis Jr., Susan Ridley, and Sheryl Hodor with 650 Royal Plaza Drive (Credit: LinkedIn and Compass)

Greek foods CEO Peter Parthenis Jr. paid nearly $9 million for a new waterfront home in Fort Lauderdale.

After two years on the market, real estate investor Barry Skolnick sold the mansion at 650 Royal Plaza Drive, property records show. The Las Olas Isles home, built in 2018, hit the market that year for about $13 million.

Parthenis is president and CEO of Grecian Delight Foods and Pure Mediterranean Foods, according to his LinkedIn profile. The Parthenis family started with a gyro manufacturing company in Chicago, and Parthenis Jr. has expanded that business to include more than 185 Greek, Mediterranean and Middle Eastern products, according to Hellenic News.

The buyer paid $9.4 million, including commissions, said listing agent Sheryl Hodor of the Hodor & Hotchkiss Team at Compass. Hodor, who declined to comment on the buyer’s identity, said despite the home having been on the market with other agents for more than two years, she was able to list it and close it in a couple of weeks, during the pandemic.

“I just pounded the pavement until it got done,” she said.

Susan Rindley of One Sotheby’s International Realty represented the buyer.

BLS Concepts LLC, led by Skolnick, paid $2.1 million for the Fort Lauderdale property in 2015. The seven-bedroom, 9,200-square-foot mansion features a third-floor club room and wet bar, elevator, separate entrance for mother-in-law quarters, smart home technology, and three fireplaces. The property also includes 131 feet of water frontage, a lap pool with a spa, and a six-car garage, according to the listing.

Last year, Eric Moscahlaidis, owner of Krinos Foods, one of the largest Greek food importers in North America, paid $13 million for two units at the Zaha Hadid-designed One Thousand Museum in downtown Miami.

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