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.
The master-planned development will also include 401 multifamily residences, approximately 426,764 square feet of essential and service-oriented retai ...
The expansion would bring the property to 162,537 square feet.
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.
The refinancing equates to roughly $566 per square foot.
The project will total nearly 360,000 square feet.
