X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOCA RATON, FL-Little Switzerland Wholesale Inc. has inked a 17,686-sf, 10-year office lease here. The new site is a relocation of Little Switzerland Wholesale’s corporate headquarters from St. Thomas in the US Virgin Islands. The space is located at 6800 Broken Sound Parkway in Broken Sound Corporate Center.

According to the average rental rate for the local submarket in Cushman & Wakefield’s second-quarter Palm Beach County office market report, the lease is estimated to be worth approximately $4.6 million.

The company, a specialty retailer of luxury items, including jewelry, precious gemstones, fragrances and other products, is owned by Tiffany and Co., one of the world’s largest jewelry retailers, based in New York.

Tom Kates, president of Stiles Realty, a division of Fort Lauderdale-based Stiles Corp., represented the property owner, Marc Bell, in the transaction. David Browne and Mark Rubin of Julien J. Studley represented Little Switzerland Wholesale.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.