Berger Commercial Realty Secures VITAS Healthcare Lease Renewal And Expansion At Woolbright Corporate Center
The lease renewal and expansion totals 27,879 square feet.
The lease renewal and expansion totals 27,879 square feet.
The 286,890-square-foot office property also secured $82.1 million in buyer financing from City National Bank of Florida.
The office building portfolio totals 354,376 square feet across 23.1 acres.
Grover Corlew transformed the previously aging Class C campus positioned in the heart of Boca Raton into a modern, Class A office location with more than $30 million in renovations.
New ownership is planning significant renovation and repositioning of the highly visible property, which is being offered for lease.
Colliers Executive Vice President Gary Gottlieb, Senior Vice President Darcie Lunsford and Client Services Specialist Cara Girardi will lead leasing and marketing efforts on behalf of the new ownership.
The established trio from Avison Young further strengthens JLL’s office agency leasing team across Broward and Palm Beach counties.
The $38.2 million sale represents one of the largest commercial transactions ever in Delray Beach.
The acquisition represents a notable diversification of the buyer’s South Florida holdings.
J.P. Morgan and Hudson Bay Capital provided financing for the 97% pre-leased mixed-use destination
in Downtown Delray Beach.
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