Tag Archive for: greenberg traurig

Johnson & Johnson Company Inks 9,000 SF Office Lease In Palm Beach Gardens

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Alchemy-ABR Investment Partners, a fully integrated New York-based real estate investment firm- together with its joint venture partner, Breakers Capital Partners, a Miami based real estate investment firm-announced that DePuy Synthes Product, Inc., signed a 9,481-square-foot lease at 4400 Northcorp Parkway in Palm Beach Gardens.

DePuy Synthes Product, Inc., a Johnson & Johnson company, and a leading global provider of orthopedics products, is expanding its presence in South Florida and will occupy the build-to-suit space on the 2nd floor of the office building. DePuy Synthes Product, Inc. is slated to take occupancy in September 2021.

“4400 Northcorp Parkway is an ideal office setting for the most competitive industries and organizations and this lease is indicative of the strength of South Florida’s overall office leasing market,” said Brian Ray, Co-Founder and Managing Partner of Alchemy-ABR Investment Partners. “We’re committed to our tenants and are looking forward to welcoming DePuy Synthes Product, Inc. to 4400 Northcorp Parkway.”

4400 Northcorp Parkway is part of the larger office park, 4200-4400 Northcorp Parkway, that consists of two Class-A office buildings totaling 115,000 square feet. Completed in 1996, 4200-4400 Northcorp Parkway features extensive capital improvements including renovated, premium office fit-outs, contemporary base building lobby and common areas, as well as modern mechanical and roofing systems.

Alchemy-ABR Investment Partners and Breakers Capital purchased 4200-4400 Northcorp Parkway in 2016 and is currently renovating the lobby space of the 4200 Northcorp office building.

Alchemy-ABR Investment Partners was represented by Gavin Loughlin of Greenberg Traurig and Anthony Librizzi of Cushman & Wakefield in the transaction. DePuy Synthes Product, Inc. was represented by CBRE.

 

Greenberg Traurig Renews 30,000 SF Lease For 10 Years

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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

Taylor & Mathis Inks 65,000 SF At Phillips Point

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Phillips Point continues to enjoy a historically high occupancy rate with $46.5 million in recent leasing transactions.

Taylor & Mathis Principal Brian Gale has secured four leases totaling 65,600 square feet, with additional deals in the works.

In a new to market deal, Connecticut based Wexford Capital signed a 7,400 lease.  The $4.5 million deal was co-brokered by Neil Merin and Shelbi Quinn of NAI/Merin Hunter Codman. The towers have received strong interest from Northeast based hedge fund and wealth management firms like Wexford. “These types of firms are choosing South Florida because of lower taxes and beautiful weather,” said Taylor & Mathis Principal Brian Gale.

ESPN radio West Palm office of Good Karma Brands will be relocating to Phillips Point Tower, having signed a one million dollar lease for 4,635 square feet. “Phillips Point continues to attract the highest quality tenants in the market, with its unparalleled views and quality of ownership,” said Gale.

The key testament to Phillips Point’s iconic stature in the market is the tenants choosing to stay at the property. In the last couple of years, Taylor & Mathis has reported nearly 150,000 square feet in renewals and expansions, with heavy weight tenants, such as Gunster and Morgan Stanley.  This year has seen two notable renewals.  International law firm, Greenberg Traurig, LLP signed an early renewal for an additional 13 years at the property, signing a 30,254 square foot lease for their West Palm Beach office.  Co-broker Jon Bourbeau of Newmark Grubb Knight Frank represented the law firm in the deal valued at $23 million.

AMG Properties has more than doubled the size of their offices signing a 12,805 square foot expansion along with a 10,518 square foot renewal.  Co-broker Darren Goldstein of Virtual Global Realty represented the real estate management firm in the 23,323 square foot, $18 million deal. “We anticipate seeing additional growth from them yet this year,” stated Gale.

“These tenants conducted extensive due diligence during their search for office space before signing leases at Phillips Point,” stated Gale.

The building is home to internationally recognized tenants including, Gunster, Squire Sanders, Goldman Sachs and Akerman.

 

Former Greenberg Traurig Attorney Joins RWNK

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Jerry Calica has joined NAI Rauch Weaver Norfleet Kurtz & Co. as a Senior Associate.

Mr. Calica’s background working with large institutional clients on complex real estate matters related to acquiring, holding and disposing of commercial properties is extensive. Prior to joining NAI Rauch Weaver Norfleet Kurtz & Co. Mr. Calica was Chief Real Estate Counsel for New York Life Insurance Company for a number of years. He oversaw the dealings of the firm’s real estate portfolio including the acquisition and disposition of various institutional real estate holdings.

After leaving New York Life, he joined the law firm of Cadwalader, Wickersham & Taft representing clients that included Goldman Sachs, New York Life Insurance Company and many others. Mr. Calica provided clients legal counsel on the acquisition and financing of commercial property that included large portfolios and single properties including office, multi-family and industrial assets.

Upon his arrival in Miami from New York, Mr. Calica joined the law firm of Greenberg Traurig in Miami where his commercial real estate practice was dedicated to large institutional clients and high net worth real estate investors. He provided clients counsel on matters related to commercial real estate holdings and transactional counsel.

Mr. Calica holds a J.D. from Fordham University and is licensed in Florida and New York.

He is available to serve clients interested in commercial property acquisitions and dispositions. Jerry’s commercial brokerage skills are formidable and he has significant relationships with life carriers and other investment trusts throughout the U.S. You can contact Jerry at 954.489.2530.