Travelpro Signs 30,000-SF Boca Raton Office Lease
Eric Cantor of Cushman & Wakefield represented the landlord in the transaction. Dean Katz, Adam Bernstein and Greg Katz of Stream Realty Partners represented Travelpro.
Eric Cantor of Cushman & Wakefield represented the landlord in the transaction. Dean Katz, Adam Bernstein and Greg Katz of Stream Realty Partners represented Travelpro.
The asset consists of two 11-story office towers and a connected structured parking facility. The property is fully leased and home to a diverse roster of national and global tenants.
Newmark Managing Director Mitch Heifetz is spearheading marketing and leasing initiatives.
The properties were sold by Frisbie Group-affiliated ownership, along with entities tied to ophthalmologist Dr. Stephen Sullivan and Marcia Sullivan.
Nelson Garcia of RARE CRE represented the seller in the acquisition. Michael Basinski and Mitch Sinberg of Berkadia Boca Raton arranged a $31.75 million acquisition loan through City National Bank.
The site has long attracted developer interest because of its scale, location and proximity to transit.
Cleveland Clinic will be the facility’s anchor tenant, occupying the entire 34,000-square-foot first floor.
The 36,041-square-foot facility is currently 63.4% leased, with 88% of the occupied space dedicated to healthcare users.
The transaction marks the first partnership between the two firms.
The six story, 127,033-square-foot facility, scheduled to open in 2027, is one of the health system’s first major new construction projects in almost 30 years.
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