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Boston Builder Buys 45,000 SF for SE HQ

WEST PALM BEACH, FL-The company plans to spend $2.5 million to rehab the building, which will serve as its Southeast headquarters.

By Natalie Keith | Updated on March 05, 2008

WEST PALM BEACH, FL-Boston-based general contracting firm Suffolk Construction Co. has acquired a 45,000-sf office building at 1 Harvard Circle for $9.1 million. The two-story building will serve as the company’s Southeast headquarters.

Suffolk plans to spend upwards of $2.5 million to gut the building and rehabilitate it to include hurricane-resistant and environmentally friendly features. The building will have hurricane impact glass and generators. Suffolk also plans to seek LEED certification.

Suffolk was represented by locally based NAI/Merin Hunter Codman chairman Neil Merin. “We first scoured the county for office properties in move-in condition for Suffolk Construction and then explored the feasibility of a build-to-suit property,” Merin says. “What we determined is that there are currently many underutilized office properties in great locations that, with a capital infusion, represent a wiser investment than building from the ground up.”

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