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Republic Bank Signs on Dotted Line for Plantation Space

PLANTATION, FL-The Florida-based independent commercial bank is taking 10,608 sf of space for 10 years in a deal valued at about $4 million. The 50,000-sf building where the bank is leasing the space is 98% occupied.

By Melissa Bogdany | Updated on September 11, 2003

PLANTATION, FL-Republic Bank, an independent commercial bank based in Florida, has inked a long-term lease for 10,608 sf of space here. The 10-year lease is worth approximately $4 million, or about $37.70 per sf.

The space is in a 50,000-sf building located at 300 S. Pine Island Rd. The building is 98% occupied.

Republic Bank previously was subleasing the space from Bank of America but now has entered into a direct lease agreement with the property owner. The building is owned by 300 Pine Island Associates Ltd. The bank’s lease begins in April 2004.

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