The activity is comprised of three new leases, three lease renewals, and two expansions, all completed within the past three months with a range of prominent legal and financial service firms.
Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller in the transaction.
CBRE’s Calum Weaver and Perry Synanidis represented the seller, IMC Equity Group, in the transaction.
This transaction is one of the highest sales to date for a small-bay industrial investment property in the Lake Worth market.
This deal marks one of the largest user purchases in recent history.
The portfolio was 91% occupied at the time of sale with 21 tenants.
The leases total just over 30,000 square feet.
The portfolio consists of two separate industrial parks, each featuring two dock-high front-load small bay warehouses.
Joe Freitas and John Criddle of CBRE are handling office leasing at The Eclipse on behalf of the development partnership. The law firm was represented by Greg Katz, Carlyle Coffin and Shay Pope of Stream Realty Partners.
If finalized, this would mark the largest office sale in South Florida so far this year.