Tag Archive for: kevin landers

Private Equity Firm Alvarez & Marsal Inks 10K SF Lease in West Palm

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Financial firm Alvarez & Marsal Capital is setting up shop in West Palm Beach.

The Greenwich, Conn.-based private equity firm inked a 10,000-square-foot lease for the 10th floor of 300 Banyan Boulevard, a mixed-use development that’s under construction, developers Brand Atlantic and Wheelock Street Capital announced.

Located in Downtown West Palm Beach, the 12-story 300 Banyan will feature 120,000 square feet of office space across six floors and a three-story parking garage.

300 Banyan is scheduled to be completed in 2024. A year ago, Brand Atlantic and Wheelock Street Capital secured an $87 million construction loan from Acore Capital.

The office project is part of the larger Banyan & Olive mixed-use development that includes the historic three-story building at 111 North Olive Avenue, which was designed by famed architect John Volk and was completed in 1936. The joint venture acquired both sites, which totals about an acre, for $20 million in 2021.

Asking rents at the development range between $110 and $130, triple-net, according to a spokesperson for Brand Atlantic. Cushman & Wakefield’s Brian Gale and Anthony Librizzi represented the landlord, while David Dusek and Kevin Landers from the same brokerage represented the tenant.

 

Source:  Commercial Observer

 

BHI Energy Relocates And Expands, Inks 17,000 SF Office Lease

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Cushman & Wakefield announced that it has negotiated a a 16,693-square-foot office relocation lease with BHI Energy at 500 Columbia Drive in Palm Beach County.

Cushman & Wakefield Director Kevin D. Landers negotiated the new lease on behalf of BHI Energy, which relocated approximately 100 employees from 901 Northpoint Business Plaza in West Palm Beach, where it occupied approximately 12,000 square feet. Mike Eissey of PM Hanna Management, LLC represented building owner JJR Properties, Inc.

Weymouth, MA-based BHI Energy provides specialty services and staffing solutions to the power generation, energy and government markets. Founded in 1979, BHI Energy employs more than 8,500 experienced project management and technical, professional and craft labor operators at over 130 global project locations. The company has offices throughout North America, including two Florida locations in West Palm Beach and Altamonte Springs. The West Palm Beach office houses BHI Energy’s Storm Hardening Design Project Team.

“BHI Energy had expanded several times in its former space and had finally outgrown the building altogether. Their goal was to remain proximate to the FP&L Command Center in West Palm Beach, and through a very focused site selection process, we were able to identify space, negotiate a lease and relocate within 90 days of beginning the search,” said Landers.

“Kevin and his team at Cushman & Wakefield were incredible partners throughout this entire process,” said J. Robert Beckman, BHI Energy Executive Vice President. “They remained focused on our needs throughout, discovered numerous potential locations, negotiated expertly on our behalf and were still able to close in a timeframe that met our business needs.”

500 Columbia Drive is part of JJR Properties’ seven-building office park on Columbia Drive in northeast Palm Beach County. The single-story, concrete block and stucco buildings provide attractive and well-appointed space in a campus-like setting with free parking just steps from tenant entries.

The office park is located in the heart of the Palm Beaches with convenient access to Palm Beach Lakes Boulevard, Okeechobee Boulevard, Intestate 95, Florida’s Turnpike and Palm Beach International Airport.