X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOCA RATON, FL-Two new tenants recently joined the roster at 1200 Corporate Place here, taking a total of more than 20,000 sf.

Boca Executive Center, a full-service executive suite, is taking 19,393 sf for 10 years. Rents in the building are quoted at $16 per sf triple net, and estimated operating expenses are $8.03 per sf net of non-HVAC electric. This makes the lease worth an estimated $3.1 million triple net.

In addition, GMAC Commercial Holdings Capital Corp., a mortgage lender that specializes in apartment buildings, is taking 1,088 sf in the building.

The 128,000-sf, four-story, class A office building is located at the intersection of Glades Road and Federal Highway. The building has a café, concierge services, onsite security and covered parking.

Owen Sagar, a senior associate with Trammell Crow Co., represented the property owner, Principal Office Investors, in these transactions.

These latest deals bring 1200 Corporate Place to 80% occupied. Other tenants that have recently renewed or expanded their leases at 1200 Corporate Place include Blank Rome, JP Morgan Chase, Volkswagen of America, Perr & Knight and Tara Louisiana. Currently, suites ranging from 1,000 sf to 10,756 sf are available.

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.