Chicago Firm Picks Up West Palm Office Building
The company intends to invest an additional $10 million into refurbishing the property.
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.
“Despite the many challenges our world has been facing due to the pandemic, the commercial real estate industry is booming, and South Florida is a top destination for business relocation,” said Christopher Thomson, the 2022 president.
Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented the law firm in the lease transaction.
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
The team was recently awarded NAIOP’s 2015 Office Brokerage Team of the Year. CLICK ON THE HEADLINE FOR MORE
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