Nokia Siemens Building Sees New Sublease Life

BOCA RATON, FL-When Nokia Siemens Networks exited Boca Raton earlier this year, the sudden departure added to the painful swelling in southern Palm Beach County office vacancies. Now, that space is becoming part of the shadow market in Boca Raton as Flagler Real Estate Services works to backfill the space.

Flagler announced two new office leases totaling 66,947 square feet at the former Siemens Building at 900 Broken Sound Parkway. The transactions, which involved the headquarters relocation of CSL Plasma, a collector of human plasma, and a new office site for web-based portal Education Connection, were brokered by Flagler Senior Managing Director Keith O’Donnell. The tenants were represented by Ingrid Kennemer of Coastal Commercial Group and Gregory Lawrence of The Commercial Department, respectively.