Cushman & Wakefield Arranges 39,000 SF Office Lease Renewal/Expansion For Multinational Investment Banking Company
The lease is the largest office lease signed in northern Palm Beach County in more than two years, according to Cushman & Wakefield.
The lease is the largest office lease signed in northern Palm Beach County in more than two years, according to Cushman & Wakefield.
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Chris Metzger of Cushman & Wakefield’s South Florida Industrial Team led the negotiations and represented the landlord, EastGroup Properties, in the deal.
The approved plans included 180 residential units, 70 hotel rooms and 9,508 square feet of ground-floor retail.
The 21,890-square-foot building is located in Westport Corporate Park.
Colliers South Florida represented the landlord, Nuveen Real Estate, in the lease transactions.
Ryan Holtzman, Eddie Quinon, Brian Gale, and Andrew Trench represented landlord while Tony Jones represented tenant in the transaction.
Bridge signed a 12,000-square-foot deal with Kahane and Associates, P.A., a consumer finance litigation law firm relocating from Plantation, and a 15,000-square-foot lease with Acentria Insurance, an insurance company relocating from Fort Lauderdale.
Maus & Hoffman is relocating from the Las Olas Boulevard area due to expansion needs and the sale of its prior location.
According to Cushman & Wakefield research, the Southeast hospitality and tourism industry is one of the nation’s top performing, with the region seeing over 388 million visitors and generating more than $180 billion in revenue (represents tourism dollars spent overall) post-pandemic.
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