PALM BEACH, FL—The medical office and technology office sectors are seeing some traction in Palm Beach County. NAI/Merin Hunter Codman just inked two new leasing and property management deals in the sectors as its carves out a specialty niche for its firm.
NAI won a leasing and property management responsibilities for a class A medical and technology office campus in Jupiter. The commercial real estate firm also negotiated a medical office lease at a trademark Downtown West Palm Beach class A office building.
“We continue to see Palm Beach County office properties on short lists for medical and technology office space users,” says Jordan Paul, CEO of NAI/Merin Hunter Codman. “It’s a trend initially sparked by leading-edge research institutions drawn to the region, but now medical and technology clusters are widening in breadth.”
Specifically, NAI was awarded the leasing and property management assignment for Jupiter Medical and Technology Park, a 16-acre medical-technology office campus located at 1701 North Military Trail. The park is in Jupiter’s medical/tech district, which Scripps Research Institute, Max Planck Florida Institute, as well as Jupiter Medical Center.
Minutes away from those facilities, Jupiter Medical and Technology Park features a 186,000-square-foot, one-story facility. PointOne Property Holdings, a privately held firm based in Miami, acquired the campus in late 2013. It is minutes from Interstate 95 and Florida’s Turnpike. Lesley Sheinberg, a director at NAI, is handling the leasing of Jupiter Medical and Technology Park.
NAI also negotiated a lease for Soffer Health Institute to occupy 2,600 square feet at One North Clematis, a 148,000-square-foot class A office building at the foot of Clematis Street along the West Palm Beach waterfront. Soffer Health Institute is a cardiology and vascular specialty practice with treatments and research related to veins and circulation including non-invasive laser and microphlebology treatments. Spencer Grossman, a director at NAI, represented the building owner in the lease transaction.