Newmark Selected To Lead Leasing Of 75,000 SF Retail/Creative Office Property In West Palm Beach
Newmark Managing Director Mitch Heifetz is spearheading marketing and leasing initiatives.
Newmark Managing Director Mitch Heifetz is spearheading marketing and leasing initiatives.
He brings more than 20 years of experience across the public and private sectors spanning real estate development, land use and zoning, urban planning, acquisitions and dispositions, asset management, and public-private partnerships.
The firm first brought on David Bateman as Managing Director for his operational leadership, broker implementation experience, and 20-year track record including senior roles at CBRE and Avison Young.
Read on for the most popular news headlines this past week on CRE-sources.
The property comprises 8,599 square feet on 1.11 acres and was built in 1993. It is occupied by Shell and Dunkin’.
The new division is led by Director of Commercial Real Estate Shane McCain.
“Lincoln Road is experiencing one of the most exciting periods of growth and reinvestment in its recent history,” said Lyle Stern, president of the Lincoln Road Business Improvement District.
Read on for the most popular news headlines this past week on CRE-sources.
The property is anchored by two charter schools, which comprised approximately 86% of the leased space at the time of sale.
The property was originally brought to market as a lease opportunity, with ownership having no initial plans to sell. However, within days of the property signage being installed, multiple prospective tenants expressed interest in purchasing the site rather than leasing it.
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