Johnson & Johnson Company Inks 9,000 SF Office Lease In Palm Beach Gardens
The company is slated to take occupancy this month.
The company is slated to take occupancy this month.
The approximately125,000-square-foot mixed-use project will feature four buildings with 127 residential units, approximately 8,000 square feet of retail and office space, and 20,000 square feet of green space
Formerly of Marcus and Millichap, the pair has been chosen to lead the newly formed ‘ROI Partners’ (Retail, Office, and Industrial) at SVNCP.
As part of the agreement, Boynton Beach’s Department of Economic Development and Strategy will provide a one-time $50,0000 grant for programming within the space.
The real estate investment management group purchased the 109,497-square-foot building for $44.6 million.
The 10-story building is considered one of the premier office properties in Boca Raton.
The 18-story tower was repositioned from a Class B to a Class A asset and is currently 61% leased.
Plans for the parking lot include a 12-story, 100,000 square foot Class “A” office tower on top of structured parking.
Avison Young’s Florida Capital Markets Group negotiated the sales.
Transwestern Senior Managing Directors John Bell and Kevin Markwordt arranged the disposition on behalf of the undisclosed seller.
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