Stream Realty Partners Tapped To Lease 400,000 SF Class A+ Industrial Development
Stream’s Managing Directors and Executive Vice Presidents Nick Wigoda and Steve Medwin will lead the leasing efforts on behalf of ownership.
Stream’s Managing Directors and Executive Vice Presidents Nick Wigoda and Steve Medwin will lead the leasing efforts on behalf of ownership.
The project will feature five residential towers ranging from 21 to 24 stories, with approximately 1,292 rental residences, 36,000 square feet of restaurants and retail, and 1.1 million square feet of access-controlled parking with 2,650 spaces.
The transaction stood out due to its unique challenges, including lease complexities, capital markets considerations, and multiple other intricacies that required Von Romer’s expertise and persistence. Von Romer represented both parties in the transaction.
The new owners plan to reimagine the 800,000-square-foot property as a vibrant hub of retail, culture, and community.
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The transaction equated to one of the highest sales per square foot for an office building in the West Palm Beach Central Business District submarket within the last year.
Marcus & Millichap’s Doug Mandel, Zach Levine and Cody Hershey exclusively marketed the property on behalf of the seller and procured the buyer.
Completed in 2024, the project consists of two warehouses at 6450 and 6550 NW 97th Avenue on an 18.4-acre site.
In his new role, he will focus on delivering high-quality land development and senior housing services from the Boca Raton office.
The activity is comprised of three new leases, three lease renewals, and two expansions, all completed within the past three months with a range of prominent legal and financial service firms.
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