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Motorola Subleasing 129,000 SF in Two Counties

WEST PALM BEACH, FL-In the largest block of space in Boynton Beach, FL, the Schaumburg, ILL-based electronics manufacturer has four years left on a 10-year, 100,000-sf lease at Quantum Corporate Park. The company is eliminating 800 jobs in South Florida but still occupies a total 1.7 million sf in Broward and Palm Beach counties.

By Pat Taylor | Updated on December 03, 2001

WEST PALM BEACH, FL-Motorola Inc., which occupies nearly 1.7 million sf in Palm Beach and Broward counties, is trying to sublease four sites totaling 129,000 sf of office space. The Schaumburg, IL-based electronics maker, one of this area’s leading employers, is eliminating 800 jobs in south Florida.

The largest space to be vacated is the 100,000 sf office building the company occupies in Boynton Beach’s Quantum Corporate Park, just south of its company-owned 542,000 sf office and manufacturing plant on Gateway Boulevard at Congress Avenue.

The asking rent for the subleased space is $9 per sf or $900,000 per year, according to Michael Falk of West Palm Beach-based McCraney Falk Commercial Realty Group, which Motorola has retained to find renters for the facilities. The rate would be higher if a tenant wanted to lease only part of the building, Falk tells GlobeSt.com.

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