The seven-building property has served Boca Raton businesses, healthcare providers and residents for decades and today is 95% leased to a diverse mix of banking, medical, retail and professional services tenants.

The Hollywood Planning and Development Board is scheduled to review the rezoning and site plan applications on June 9.

Cushman & Wakefield represented the bank, while Tower Commercial Real Estate represented the landlord. 

Avison Young brokers Justin Cope, Greg Martin and Lisa Blumer have been retained to market the five-story building.

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.