Colliers Facilitates Sale Of Palm Beach Gardens Office Building
Colliers’ Gary A. Gottlieb partnered with Mark M. Rubin, Bastian Schauer, and Ryan Buckner of the South Florida Investment Services Team to represent the seller.
Colliers’ Gary A. Gottlieb partnered with Mark M. Rubin, Bastian Schauer, and Ryan Buckner of the South Florida Investment Services Team to represent the seller.
The 20,088-square-foot multi-tenant industrial building is situated on a 1-acre parcel and located just off Congress Avenue.
The deal marks one of the largest medical office leases in Port St. Lucie in 2025.
ONE Sotheby’s International Realty will handle the sale through an online auction starting December 3, with a live bidding event in New York on December 17.
The firm occupies floors 41 through 43 of the office tower.
The project is specifically engineered to cater to the discerning tastes of corporate tenants migrating from high-tax, high-cost environments, with a particular focus on companies exiting New York following the recent election of Mayor Mamdani.
A New York-based real estate firm acquired the pair of warehouse portfolios.
Sean Kelly, vice president at CBRE, said, “The submarket has attracted over 700,000 square feet of tenant relocations from other parts of Miami, as decision-makers prioritize proximity to home. Additionally, more than 150,000 square feet of new-to-Florida tenants have selected Coral Gables for their Miami headquarters.”
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VSRE’s Raydel Enriquez, Raul Estrada, Andrea Montejo and Carlos Velasquez represented Terreno in the transaction.
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