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New Office/Warehouse Building Snares Big-Name, High-Tech Tenant

BOYNTON BEACH, FL-An 80,000-sf office/warehouse building at the 315,000-sf Boynton Commerce Center off Woolbright Road has opened with Swedish telecom equipment-maker Ericsson as the anchor. Ericsson is leasing 50,000 sf for three years at an estimated value of $1.5 million. This is the company's first service center in South Florida.

By Harold Kelman | Updated on August 31, 2000

Anchor tenant at the newest addition to the Boynton Commerce Center is Ericsson, the Swedish telecom equipment-maker. Ericisson is leasing 50,000 sf for three years to set up its first service center in South Florida. The estimated gross value of the transaction is $1.5 million.

The new facility includes 46,000 sf of air-conditioned warehouse space with enhanced power, mechanical and lighting systems. Rents average $8.50 psf triple net, with operating costs an additional $2.50 psf.

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