Telecom Service Provider Relocates, Inks 40K-SF Lease In West Palm Beach
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.
ODP Corp.’s amended lease ensures that the company’s global headquarters will remain in Boca Raton at 6600 North Military Trail until at least 2033.
Mark Rubin, Bastian Schauer, Jake Stauber, and Senior Financial Analyst Jared Mann of the Colliers South Florida Investment Services Team represented the seller in the transaction.
Joe Freitas and John Criddle of CBRE are handling leasing at the project.
The nearly 100,000-square-foot office property is situated on 10.44 acres of land.
The transformative, mixed-use development spans approximately seven acres.
In a market where CoStar data signals a current 15.6% vacancy rate, Berger Commercial Realty brokers Brian Batchelder’s and Joseph P. Byrnes’ success stands out as a testament to their strategic leasing efforts and market knowledge.
The winning city can expect train service to begin in 2028.
City approval includes permits for 1,243 residential units, 125,000 square feet of retail space, a 140-room hotel, a 55,000-square-foot entertainment arena with seating for 5,000 people, and 85,000 square feet of medical offices.
The 125,000-square-foot mixed-use community is slated for completion the first quarter of 2025.
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