Cushman & Wakefield Tapped To Lease 242,000-SF Office Complex In Boca Raton

Feb 12, 2018 No Comments by

Cushman & Wakefield has been named exclusive leasing advisor for Fountain Square, a three-building, 241,759-square-foot office located at 2600, 2650 and 2700 North Military Trail along the Glades Road corridor of Boca Raton.

The office leasing team of Managing Director John K. Criddle and Senior Associate Joseph J. Freitas has been retained by owner Bridge Office Fund Manager LLC (Bridge Office), an affiliate of Bridge Investment Group LLC (Bridge), to lease the Class A buildings.

Bridge Office partnered with Ascentris, a Denver-based real estate private equity firm, to purchase Fountain Square for $54.5 million in January. The acquisition continues Bridge’s commitment to South Florida after their successful acquisitions of Bayview Corporate Tower in Fort Lauderdale and 800 Fairway in Deerfield Beach.

The new ownership group has plans in place to invest more than $6 million to enhance and improve the building image both internally and externally throughout 2018. These improvements include full lobby renovations, common area corridor renovations, implementation of a spec suite program, beautification of landscaping and the design and delivery of a covered café seating area and outdoor lounge.

Availabilities range from ±600 to ±13,900 square feet. Lease rates range from $23.50 to $25.00 NNN with operating expenses, including electric and janitorial, of approximately $11.00. Tenants have access to 873 surface parking spaces as well as covered parking.

Fountain Square is strategically located immediately north of the Interstate 95-Glades Road interchange (Exit 45) and just south of Yamato Road. This location provides incredible access while offering entree to surrounding amenities including some of the best restaurants in Boca Raton.

 

“We are excited to leverage market momentum to reposition, rebrand and reintroduce one of the largest Class A office campuses in Boca Raton,” said Criddle. “Bridge’s investment in Fountain Square will truly transform this property into one of the most sought after locations in Palm Beach County to conduct business.”

 

 

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