Competition to attract tenants is fierce among landlords after a few years of declining occupancy and lease rates. With stronger market confidence, new companies are beginning to enter the market or re-approaching expansion needs. In the Downtown West Palm Beach submarket, Esperanté Corporate Center is ahead of competing towers, having signed all three of the active space requirements for Class A space in downtown.
In the past 45 days, Esperanté signed AMEC, Tremont Partners and Lang Realty, accounting for more than 6,000 square feet of new leases—all of which counts toward positive absorption in the Downtown West Palm Beach submarket.
Lang Realty was the most recent of the three to sign. The deal closed yesterday for 2,233 square feet. Lang has a second location in downtown that they will continue to occupy.
Esperanté Corporate Center is a 256,000-square-foot Class A office tower located at 222 Lakeview Avenue. Owned by CBRE Global Investors, the LEED Gold certified building features WiFi-enabled common areas, a 24/7 lobby attendant, valet parking and a six-story atrium. The property is also part of CBRE Global Investors’ ‘5-Star Worldwide’ program designed to offer tenants at select Class A office buildings worldwide access to the amenities of member buildings, including concierge services, conference centers and fitness centers.
“As an owner, CBRE Global Investors offers unmatched amenity capabilities and financial stability,” said Anthony Librizzi, Vice President with CBRE in West Palm Beach. “New tenants are very excited to become members of the premium tenant program and enjoy the rich amenities of this trophy asset.”
Librizzi and CBRE Senior Vice President Jeff Kelly lead landlord representation and leasing services as part of the CBRE leasing and management team at Esperante Corporate Center. CBRE Global Investors is an independently operated affiliate of CBRE Group, Inc.
