WEST PALM BEACH, FL-Boca Raton-based developer Procacci Development Corp. has signed its first major lease for class A hurricane-resistant office space within the Emerald View at Vista Center. State Farm Mutual Automobile Insurance Co. signed a lease for 24,026 sf, which the company is expected to occupy in February.

Miramar-based Blackacre Advisors LLC represented State Farm and Debra Kremblas, vice president of Procacci Development Corp., represented the landlord in the transaction.

“We look forward to State Farm and future tenants in our buildings having the ability to experience little or no downtime after a hurricane, having the assurance that their assets are protected and being in a location that is easily accessible with an abundance of surrounding amenities,” says Procacci Development Corp. president Philip Procacci.

Procacci is currently developing Emerald View, which will contain 180,000 sf and will be able to withstand Category 5 hurricane winds of 185 miles per hour. The company is also developing Crossroads at Dolphin Commerce Center, located North of the Dolphin Mall on Florida’s Turnpike, which will be comprised of more than 700,000 sf. An additional 90,900 sf of warehouse/showroom space is also under development.

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?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



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 © 2024 ALM Global, LLC. All Rights Reserved.