Upon completion in 2028, the eight-story, approximately 200,000-square-foot development will deliver premier office and retail space to the PGA corridor, where there are no other new office projects in the pipeline. Construction is scheduled to begin August 2026.
The company intends to invest an additional $10 million into refurbishing the property.
The deal marks the first time in nearly a decade that a Fort Lauderdale office building has sold for over $200 million.
Wells Fargo now occupies two floors totaling approximately 45,000 square feet at Tricera’s 1675 Midtown office building following a 19,000-square-foot lease expansion.
Gatsby Florida, a division of New York City-based family investment firm Gatsby Enterprises, plans to break ground on PGA Tower in Q2 2023 with opening slated for Q4 2024.
Jon Blunk, Laurel Oswald, Constance Thomas and Cristina Glaria of TCRE are leading the office leasing efforts at the four-story office building.
The leases include six new-to-market tenants, two market relocations and numerous lease renewals and expansions, Laurel Oswald, Jon Blunk and Cristina Glaria of TCRE exclusively represent the landlord, Alliance HP.
Prior to joining Tower Commercial Real Estate, Van Watson served as Assistant Property Manager at Transwestern, where he managed 110 Tower. CLICK ON THE HEADLINE FOR MORE
He joins Tower as the fast-growing brokerage firm takes on the exclusive leasing of Crocker Partners’ 857,000-square-foot Boca Raton office portfolio, among others. CLICK ON THE HEADLINE FOR MORE
She brings more than 20 years of full service commercial real estate experience to Tower’s team as a broker who has been involved in many of Palm Beach County’s significant office projects. CLICK ON THE HEADLINE FOR MORE
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