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In 2020, Marathe and partner Andy Dugard opened Stage Kitchen & Bar in Palm Beach Gardens. The restaurant was recognized by USA Today’s Best Restaurants of 2024. In 2023, Marathe was nominated “Best Chef: South” semifinalist by the James Beard Foundation.
A national fast-casual food concept will establish its corporate headquarters on the office building’s third floor.
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
Like all projects within the Soleste Living brand portfolio, Soleste Spring Gardens is a highly amenitized development with a vast collection of health and wellness offerings, social components and pet-friendly features.
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
The purchase of the 474,109 square foot complex equates to $160 per square foot.
The company plans to hire brokers for all commercial real estate sectors.
ODP Corp.’s amended lease ensures that the company’s global headquarters will remain in Boca Raton at 6600 North Military Trail until at least 2033.
At 1.1-million square feet, Building 1 at the complex is the largest speculative building in Southeast Florida.
The 15,090-square-foot building includes 3,000 square feet of executive office space with 22’ high ceilings. The property also has four (4) dock-height doors with a covered loading platform.
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