The six-story, Mediterranean-style 595 Financial Center, located at 595 S. Federal Highway, was 80% pre-leased at press time. Charles Shane, president of Bryason Realty Corp., tells GlobeSt.com that he sees a demand for class A office space in the area. Bryason Realty Corp., the leasing agent for the new building.
"The east Boca niche market continues to evidence a strong demand for true class A office space, with all the expected class A amenities," Shane says.
The 595 Financial Center features covered parking, valet services, a bank drive-thru and state-of-the-art telecommunications. When completed, the financial center will have street-side landscaping, a large central courtyard, barrel tile roofs, brick-highlighted driveways and expansive windows maximizing views of Downtown and the Boca Raton Resort and Golf Course. The company previously reported that base rents in the new tower start at $24 per sf.
The renovations on the 30,000-sf 555 Building, called the Coldwell Banker Building after its main tenant, were completed in November 2002. Renovations included complete interior and exterior upgrades, such as a new exterior facade, a redesign of the lobby areas, elevators and other common areas and mechanical system enhancements.
This project was considered the first step in Bryason Corp.'s creating a major class A financial center. At the time of that project's completion, Shane said: "This signals a significant milestone for the 595 Financial Center project, which, when completed, will be the most desirable office complex in Boca Raton. Its location and class A amenities combine to make this center a landmark development in the heart of Boca Raton's financial district.
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.
