The three-building complex is located on more than 10 acres just north of PGA Boulevard on U.S. Highway 1.

The $6 million in planned renovations include both building and office fit-out, and is expected to add to the prestige of the location known as a premier South Florida office address. The property features include office penthouses with 300-sf terraces, intracoastal and ocean views, reflecting pools with fountains, 100-year old Oak trees and the City Club dining/social club. The complex also has underground parking that connects the three six-story buildings.

"The current renovations are a combination of catching up, and also modernizing the property to bring it up to more contemporary standards. Golden Bear will have a fresh look and a fresh appeal to potential tenants," says Neil Merin, chairman of NAI/Merin Hunter Codman. Merin added the property could never be replicated in today's market.