Two other smaller tenants have already moved into the building, with the private banking division of Key Bank taking 7,267 square feet and lawyer Jeffrey Begens occupying 1,200 square feet on the ground floor. The building is now 60% occupied with the Merrill Lynch lease, according to NAI/Merin Hunter Codman.
"Gardens Pointe is a phenomenal location for both Merrill Lynch and Key Bank," says Neil Merin, chairman of the West Palm Beach-based commercial real estate brokerage. "The PGA Boulevard and Gardens Mall area is one of the biggest hubs in all of Palm Beach County, and the drive-by traffic is enormous."
Gardens Pointe, located at 3507 Kyoto Gardens Drive near the Downtown at the Gardens entertainment/retail complex and Gardens Mall, is the newest class A office building in Palm Beach County and one of only a few multi-tenant office buildings built countywide in the past year. Kolter Commercial developed the building as well as an adjacent 175-room Hilton Garden Inn hotel that opened earlier this year.
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