CBRE’s Joe Freitas represented the landlord in the lease transaction.
The activity includes three new leases and two renewals from tenants spanning healthcare, tech, and education sectors.
Sundy Village has now delivered 100,000 square feet of Class A+ office space and 30,000 square feet of retail and dining.
Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.
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.
Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller in the transaction.
Approximately 75 employees report to the South Florida headquarters.
Donna Korn and Beau Ladwig will lead leasing efforts for the South Florida class A office building near Fort Lauderdale Executive Airport.
Cushman & Wakefield’s Beau Ladwig and Donna Korn represented Workman Injury Law in the transaction.
“The building was 84% leased at the time of sale, and with approximately 40% of the rentable square footage set to roll over in the next four years, new ownership has a compelling opportunity to drive significant net-operating income grow ...
