Based on rental rates in similar buildings here--approximately $10 to $12 per sf triple net, plus expenses--the mid-term lease is valued at an estimated $1.03 million. The site is located at 1225 Broken Sound Parkway.
CB Richard Ellis Inc.'s senior VP Jeff Kelly, along with Kim Gary and Pat Moya of the Asset Services group in CBRE's Palm Beach County office, represented APOC Office LLC in the lease renewal. David Brown of Julien J. Studley Inc. represented CompScript in the transaction.
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