Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.
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The transaction equated to one of the highest sales per square foot for an office building in the West Palm Beach Central Business District submarket within the last year.
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Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller in the transaction.
The eight-story building, designed by Synalovski Romanik Saye, would feature nearly 120,000 square feet of office space, 14,500 square feet of retail, and 400 parking spaces, along with a sixth-floor amenity deck.
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Approximately 75 employees report to the South Florida headquarters.
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Donna Korn and Beau Ladwig will lead leasing efforts for the South Florida class A office building near Fort Lauderdale Executive Airport.
