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Rinker Materials Signs 12,600-SF Sublease

WEST PALM BEACH, FL-The construction and building materials firm subleased a full floor at One Clearlake Centre here. The lease is for 33 months and has an approximate value of more than $505,000.

By Melissa Bogdany | Updated on July 21, 2003

WEST PALM BEACH, FL-Rinker Materials Corp. has inked a deal to sublease a full floor of 12,600 sf of office space at One Clearlake Centre in here. The 33-month lease, at 250 S. Australian Ave., has an approximate value of more than $505,000.

The lease is an example of the sublease market being absorbed.

“It was a challenging time, given the tough market, to sublease a full floor,” says John Jaspert of Codina Realty Services, who represented the sublandlord, Mill’s Pride, in the transaction. “We marketed it aggressively to accomplish what our client wanted, and we did a great deal. The deal had a positive impact on the absorption in the area.”

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