FRI Investors Retains Cushman & Wakefield To Lease 108,482 SF, Class A Office Tower In WPB

Apr 05, 2018 No Comments by

Cushman & Wakefield has been selected as the exclusive leasing advisor for 625 North Flagler, a 108,482-square-foot waterfront office tower in downtown West Palm Beach.

The 11-story, Class A property has full-floor suites available for custom build-out as well as spec suites ready for immediate occupancy.

FRI Investors and 625 Flagler Acquisition, LLC retained the Cushman & Wakefield team of Michael Feldman, CCIM, Director, and Mark Pateman, Esq., SIOR, Managing Principal, to market the property for lease.

Extensive renovations are nearing completion and include updates to the lobby, common areas and the renovation of the attached four-story parking garage. Starting at $26 per square foot, lease rates are considered the most competitive in downtown West Palm Beach for Class A space, according to the release.

Availabilities range from 1,600 to 47,000 square feet, and the property can accommodate both traditional office and medical users. Many suites offer water views of the Intracoastal, Atlantic Ocean and Palm Beach Island.

Notable tenants include Jupiter Medical Urgent Care, Becker Poliakoff, Mount Sinai New York, and the new, 10,000-square-foot Ultima Fitness, which is set to open in April.

The office tower is situated at 625 N. Flagler Drive at the base of the Flagler Memorial Bridge, which provides direct access to Palm Beach Island.

 

“With its stunning views, unbeatable location and new renovations, 625 North Flagler is perfectly positioned for tenants seeking to be a part of new urban experience in the booming Flagler Financial District,” said Feldman. “The ability to build out an entire floor with 270-degree water views is a rare opportunity. 625 is a great choice for firms seeking a first-class office environment with compelling economics.”

The property is owned by 625 Flagler Acquisition, LLC, a partnership between Thomas C. Quick of Palm Beach, Leslie C. Quick of Bernardsville, New Jersey, and FRI Investors. FRI is a Palm Beach-based commercial real estate company with a growing portfolio in Palm Beach County and several other mid-sized markets throughout the Southeast.

 

 

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