Office Complex In WPB Sells For $29.25 Million
The complex is 90 percent leased to 40 tenants from a variety of industries including healthcare, law, finance and engineering.
The complex is 90 percent leased to 40 tenants from a variety of industries including healthcare, law, finance and engineering.
The three Class-A office buildings total 222,682 square feet.
Ownership is also planning extended wellness offerings for tenants. Currently the property offers complimentary weekly yoga classes, healthy snacks in the tenant lounge and a complimentary UBER service connecting One Clearlake to Downtown West Palm Beach.
Stigliano represented the Buyer, Castle Boca, LLC, in the transaction.
New York-based DRA Advisors bought the 1.7 million-square-foot office park
The firm moved from Palmetto Park City Center at 120 E. Palmetto Park Road.
Michael Feuerman, Steve Hyatt and Daniel Silver of Berger Commercial Realty represented the seller. Mark M. Rubin and Bastian Laggerbauer of Colliers | South Florida Investment Services Team represented the buyer.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, Colonnade Properties, in the lease negotiations.
The asset consists of 75,406 square feet of upscale retail and 45,068 square feet of office space.
The TOBY Awards are the most prestigious and coveted awards of their kind in the commercial real estate industry. The awards recognize superiority in office and industrial buildings and reward excellence in building management.
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