The company is expected to move into the space by the end of 2024 or the beginning of 2025.
An engineering services company will occupy the space, relocating from its offices at 910 SE 17th St. in Fort Lauderdale.
The multi-billion-dollar public company owns, invests in, and operates businesses across five key verticals: cell towers, data centers, fiber networks, small cells and edge infrastructure.
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
Now for the 700,000-square-foot question: Will that demand, combined with a continued inflow of out-of-state companies and workers, be enough to fill all the new office space going up in Downtown West Palm Beach?
Stream Executive Managing Director Greg Katz and Senior Vice President Carlyle Coffin facilitated the transaction on behalf of the tenant. Tim Talbot and Andy Ackerman of Comreal represented the building owner, DWS.
The report also inferred that companies are wanting higher quality space in better locations to provide “additional motivation for employees to work from the office more often.”
Boca Raton’s total significant leasing activity last year was higher than any other city in Palm Beach County, according to recent data.
The 11-story Class B office building is situated on 2.3 acres, with a strong history of high occupancy with long term tenants.
Baker Donelson was previously located at 1 Federal Plaza.
