PALM BEACH, FL-GenSpring Family Offices inked 10-year lease at its new corporate headquarters. The subsidiary of SunTrust Bank that specializes in wealth management for high net worth individuals will take up the entire 35,324-square-foot Riverwalk Center on U.S. 1 in Jupiter.

Mark Montgomery, senior vice president in the Jacksonville office of CNL Commercial Real Estate, represented GenSpring Family in the deal. Anthony Librizzi, a vice president at CB Richard Ellis, represented the Riverwalk Center, a joint venture between Tower Realty Partners sand The Praedium Funds.

“Mark has represented our team in several markets throughout the state of Florida,” said Kevin Pomet, first vice president of SunTrust Corporate Real Estate. “After he identified several viable options for us, we ultimately elected to extend our lease at the current facility and expand into the entire building.”

Before the transaction, GenSpring Family split its corporate functions between two offices, one in Palm Beach Gardens and one on a floor of the Riverwalk Center. GenSpring decided to consolidate office and lease two additional floors in the Riverwalk Center.

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