Butters and PEBB plan to enhance the buildings through strategic upgrades and repositioning efforts designed to attract new tenants and elevate the overall tenant experience.

In a region where capital relationships matter, the bank’s expansion signals that West Palm Beach is no longer just benefiting from spillover growth. It is becoming a banking and business destination in its own right.

The master-planned development will also include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retail, and a 125-key lifestyle hotel.

The expansion would bring the property to 162,537 square feet.

The purchase incudes two office buildings totaling nearly 206,000 square feet, along with a 2.13-acre vacant parcel.

Office sales volume in Broward jumped 93 percent to nearly $651.5 million.