Womens Fashion Brand Renews 42,500 SF Office In Boca Raton For HQ
As demand remains for office space in the City of Boca Raton, driven by its conducive business environment and central location, Boston Proper re-committed its tenancy by renewing its HQ office lease of 42,563 square feet at 1155 Broken Sound Parkway NW in Boca Raton.
Colliers Executive Vice Presidents Scott Brenner and Derek Baker represented the tenant, Boston Proper, in negotiating the long-term lease renewal. CBRE Executive Vice President Kirk Nelson represented the landlord, Adler Real Estate Partners, in the lease negotiations.
The 62,729-square-foot office/flex building is in the heart of The Park at Broken Sound, the largest traditional business park for office and industrial properties in Boca Raton. It is located directly on Broken Sound Parkway with excellent connectivity to I-95 and the Tri-Rail. The property’s central location and size made it an ideal choice for Boston Proper’s longstanding headquarters. The tenant’s renewal includes plans to refresh and modernize the interior space next year.
“Derek Baker and Scott Brenner of Colliers have been great partners in helping us navigate the renewal process for our headquarters. Their expertise and dedication were instrumental in securing a deal that made sense economically and allowed us to evolve the space to meet our needs. We are thrilled to continue our relationship with Adler Real Estate Partners and look forward to many more successful years in our refreshed and updated office,” said Adrian Minor, CFO & COO Boston Proper.
Boston Proper has been a high-quality women’s fashion brand for over thirty years. The brand creates trendy and distinct apparel suitable for various occasions. The label is dedicated and passionate about designing and selecting looks for women over 40.
“We are extremely pleased to have renewed the lease for Boston Proper’s headquarters. As real estate investors and operators of light industrial/flex properties, we strive to be extremely responsive to tenants and are very gratified to have extended our long-term relationship with Boston Proper many years into the future,” said Matthew Adler, Founder and Managing Principal of Adler Partners.
Boca Raton is appealing for corporate headquarters due to its strategic location, business-friendly atmosphere, and robust infrastructure. Alongside Boston Proper, major companies headquartered in Boca Raton include Tyco Integrated Security, Office Depot, and ADT Security Services. The city’s Office of Economic Development incentivizes new business through its Economic Development Incentives Policy, providing financial rewards for creating high-income roles. Additionally, Boca Raton’s sustainability efforts, including its 2019 Sustainability Action Plan, demonstrate its commitment to innovation and resilience, making it an attractive hub for entrepreneurs and corporations.
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