Based on rental rates in similar buildings here--approximately $10 to $12 per sf triple net, plus expenses--the mid-term lease is valued at an estimated $1.03 million. The site is located at 1225 Broken Sound Parkway.
CB Richard Ellis Inc.'s senior VP Jeff Kelly, along with Kim Gary and Pat Moya of the Asset Services group in CBRE's Palm Beach County office, represented APOC Office LLC in the lease renewal. David Brown of Julien J. Studley Inc. represented CompScript in the transaction.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
