Thank you for sharing!

Your article was successfully shared with the contacts you provided.

BOCA RATON, FL-Locally based law firm Proskauer Rose LLP has signed a new 10-year lease at its current building, combining two floors of office space into one. The firm is expanding to nearly 34,000 square feet in One Boca Place and will be the four-story building’s largest tenant upon taking the space late next year.

Proskauer Rose will occupy one-eighth of the 277,000-square-foot building at 2255 Glades Road. Besides allowing sufficient room for future growth, firm leaders say the new lease signals its commitment to remaining in Boca Raton.

“We are proud of our over 30-year history in South Florida, the work we have performed for our clients and the deep ties we have forged in the community,” says Al Gortz, a partner in Proskauer Rose who opened the local office in 1977. One Boca Place opened in 1986.

Details of the new lease weren’t immediately available, but asking rents at One Boca Place are currently listed at $24 per square foot. Office rents in the Boca Raton office market currently average $19 per square foot, with a vacancy rate of nearly 30%, according to CB Richard Ellis research.

Stuart Eisenkraft and Paul Marko of CBRE represented Proskauer Rose in negotiating the new lease. Mike Wilson of Grubb & Ellis represented is the leasing agent for One Boca Place.

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?


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.