The firm is also planning a $1.5 million office renovation. CLICK ON THE HEADLINE FOR MORE
An affiliate of Lincoln Property Co. has purchased the office complex for about $275 per square foot. CLICK ON THE HEADLINE FOR MORE
Greenberg Traurig renewed its West Palm Beach office lease for another 10 years.
Taking into account the existing lease, Greenberg Traurig will stay put until November 2027. The firm is also planning a $1.5 million renovation that will modernize its 30,254-square-foot space, according to a written statement.
The law firm has been at the Phillips Point building on 777 South Flagler Drive in West Palm Beach since 1991.
“We are grateful to West Palm Beach for supporting our success in this community we have called home for the past 30 years,” said Mark Bideau, the office’s co-managing shareholder. “We are excited to continue to demonstrate our loyalty to our community by investing in office space that will help us realize our vision to transition to the law office of the future.”
Source: The Real Deal
The Royal Palm at Southpointe office complex in Plantation has traded for $128 million, or about $275 per square foot.
Duke Realty Corporation acquired the office complex, located at 900 and 1000 South Pine Island Road, for $100.4 million in August 2010.
Duke’s sale of the site, which has more than 465,000 square feet of office space, was recorded on Monday. TR Royal Palm Corp. is the buyer. The company is managed by Chicago-based LPC Realty Advisors, an investment advisory affiliate of Lincoln Property Co.
The Hogan Group developed Royal Palm I in 2001 and Royal Palm II in 2007.
Source: The Real Deal
The SFOBA is a network of Professional Office Leasing Brokers in South Florida. Membership is by invitation only – landlord and tenant representatives are included.
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Greenberg Traurig Renews 30,000 SF Lease For 10 Years
/in Done Deals, News/by SFOBA STAFFThe firm is also planning a $1.5 million office renovation. CLICK ON THE HEADLINE FOR MORE
Class-A Plantation Office Complex Trades
/in Done Deals, News/by SFOBA STAFFAn affiliate of Lincoln Property Co. has purchased the office complex for about $275 per square foot. CLICK ON THE HEADLINE FOR MORE