The buyer plans to develop the recently acquired site into a residential community featuring 78 or more affordable housing units, taking advantage of development opportunities available under Florida’s Live Local Act.
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The lease renewal and expansion totals 27,879 square feet.
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In her new role, Nancy Palazzo, CPM® will support Berger Commercial Realty’s property management operations, drawing on her experience in portfolio oversight, financial management, tenant relations and operational strategy to enhance service delivery and maximize long-term asset performance for property owners.
“Parkson has called Crown Center home since 2008, and this renewal provides continuity for its global headquarters,” said Feuerman. “We were pleased to represent Parkson in securing its long-term commitment to the location.”
New ownership is planning significant renovation and repositioning of the highly visible property, which is being offered for lease.
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Michael Feuerman, Esq., SIOR, CCIM, Managing Director – Palm Beach County and Tenant Representation Specialist – South Florida with Berger Commercial Realty, represented Atlas Ocean Voyages in negotiations with landlord 1 East Broward Owner, LLC.