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.
Cushman & Wakefield represented the bank, while Tower Commercial Real Estate represented the landlord.
Butters and PEBB plan to enhance the buildings through strategic upgrades and repositioning efforts designed to attract new tenants and elevate the ov ...
In a region where capital relationships matter, the bank’s expansion signals that West Palm Beach is no longer just benefiting from spillover growth ...
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 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.
The 8-story tower features 25,000-square-foot floorplates, a 10,000-square-foot fine-dining restaurant, and an exclusive tenant-only rooftop patio.
CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents.
Reese Stigliano, President of Stigliano Commercial Real Estate, represented the landlord in the transaction.
