Insurance Agency Brown & Brown Commits To 12,000 SF

Oct 09, 2017 No Comments by

CBRE arranged an 11,970-square-foot lease for insurance agency Brown & Brown at Colonnade Centrepark West at 1661 Worthington Road in West Palm Beach.

Brown & Brown outgrew its 9,800-square-foot office space at 1401 Forum Way and will occupy the new space in April 2018.

CBRE’s Adam Starr and Scott Brenner represented Brown & Brown in the lease transaction.

 

“Brown & Brown is growing rapidly in West Palm Beach, and we’re very glad we were able to identify a vacant single-story ground floor space that checked all the boxes for the company,” said Mr. Starr, first vice president at CBRE. “The economics allow for adding space, reducing rent, and bringing Brown & Brown’s existing spaces to market as a fully furnished and wired sublease. It is our goal to mitigate being committed to two separate leases, while allowing the company to increase body count and efficiency.”

Brown & Brown is an independent insurance agency headquartered in Daytona Beach, Florida. Products and services include personal insurance, commercial insurance, life and health insurance, retirement plans, and employee benefits, among others.

 

“Moving an office of our size can be complex, but Adam and his team presented us with a situation analysis and a range of options that ensured our business needs were aligned with our real estate needs,” said Katie Rustan, Accounting & Operations Leader at Brown & Brown of Florida. “At our old space, we were hiring more people and had no room to add any new employees. Now, we are reducing our rent costs while occupying a larger space. From the lease negotiating and staying a step ahead throughout the entire process, Adam had our best interest in mind.”

 

 

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Industry News, NA, Office, Palm Beach County Office
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