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BOCA RATON, FL-Bryason Corp., a leading South Florida portfolio developer, is planning to complete the 595 Financial Center, an 83,000-sf, class A office building in the city, in December. This will mean the completion of a larger complex that included the recent renovation of the 555 Building (at 555 S. Federal Highway, formerly known as the Arvida Building), as well as an adjacent 150,000-sf parking garage. The complex combined was a $25-million project and includes a total of 116,000 sf of class A office space.

The six-story, Mediterranean-style 595 Financial Center, located at 595 S. Federal Highway, was 80% pre-leased at press time. Charles Shane, president of Bryason Realty Corp., tells GlobeSt.com that he sees a demand for class A office space in the area. Bryason Realty Corp., the leasing agent for the new building.

“The east Boca niche market continues to evidence a strong demand for true class A office space, with all the expected class A amenities,” Shane says.

The 595 Financial Center features covered parking, valet services, a bank drive-thru and state-of-the-art telecommunications. When completed, the financial center will have street-side landscaping, a large central courtyard, barrel tile roofs, brick-highlighted driveways and expansive windows maximizing views of Downtown and the Boca Raton Resort and Golf Course. The company previously reported that base rents in the new tower start at $24 per sf.

The renovations on the 30,000-sf 555 Building, called the Coldwell Banker Building after its main tenant, were completed in November 2002. Renovations included complete interior and exterior upgrades, such as a new exterior facade, a redesign of the lobby areas, elevators and other common areas and mechanical system enhancements.

This project was considered the first step in Bryason Corp.’s creating a major class A financial center. At the time of that project’s completion, Shane said: “This signals a significant milestone for the 595 Financial Center project, which, when completed, will be the most desirable office complex in Boca Raton. Its location and class A amenities combine to make this center a landmark development in the heart of Boca Raton’s financial district.

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