The asset last sold for $99.5 million.
Under the proposal, the project will feature 117,000 square feet of office space in seven stories and 557 parking spaces in six stories.
Bridge purchased the property paid $144 per SF for the 11-building office park in March 2019 and sold it for around $95 per SF.
Call it prime, trophy, and Class-A+, such offices have outperformed other classes and there isn't going to be enough to meet future demand.
During his tenure as President and Head of Leasing at Tricera Capital, he was instrumental in developing and implementing the company's institutional leasing platform, a testament to his ability to drive growth.
The assets sold for a combined $15,675,000.
The expansion brings the firm’s Florida footprint to 86 outposts.
This move comes as the company has quickly expanded its presence nationally and needed a larger office space to accommodate its continued growth. Basis currently has 35 employees, up from just three in December 2020.
Developers have until August 13 to submit their proposals. On June 25, Colliers will hold a virtual pre-bid conference.
The company is the latest financial player to plant a flag in West Palm Beach.
