Phillips Point on the Market

WEST PALM BEACH, FL-Phillips Point, a two-tower trophy office complex here, that is regarded as the premier office property in Palm Beach County, has been put on the selling block. The buildings have a total of 423,323 rentable sf and the waterfront property has views of Lake Worth, Palm Beach Island and the Atlantic Ocean.

Phillips Point is more than 95% leased. Tenants include Greenberg Traurig, Gunster Yoakley, Smith Barney, Wachovia Bank, Ernst & Young, KPMG, Alliance Capital Management, Conopco (Unilever), Jacuzzi Brands, Morton’s, Steel Hector & Davis, Harris Banks, and Wealth Advisory & Tax Service (HSBC). Many companies have been tenants there since the office complex opened in 1986.