WEST PALM BEACH-GE Capital has named Continental Real Estate Cos. to lease and manage Metrocentre Corporate Park, a 105,000-square-foot office complex along the 45th Street corridor. The assignment comes on the heels of CREC naming Darla Hall as an associate leasing specialist in Palm Beach County.
Metrocentre Corporate Park consists of six single-story office buildings. As property manager, CREC will oversee the site’s upgrades and ongoing operations. The complex is currently 60% occupied.
"We’ve looked at the existing uses we have," CREC senior vice president Steven Hurwitz tells GlobeSt.com. "There’s a lot of medical-oriented companies in Palm Beach. We also have a lot of construction and architecture and engineering firms that like the big open space we have. The complex has great proximity to 1-95 and it’s very central to Palm Beach County. We are targeting those kind of groups."
Hurwitz believes Metrocentre Corporate Park’s committed ownership will be an important factor in the complex’s viability as a preferred leasing option in West Palm Beach. More and more, he is seeing office tenants locating at properties that are held by established, well-capitalized owners.
"GE Capital has shown that it is committed to improving Metrocentre Corporate Park, and large-scale upgrades are already underway," Hurwitz said in a statement. "CREC’s property management team will continue to maintain the asset going forward, putting the complex in good position for long-term leasing success."
Hurwitz and Hall will oversee leasing at Metrocentre. Hall previously held sales, leasing and managerial positions at Intelligent Office, Investment Management & Consulting Group, and EBC Office Centers. She most recently served as sales and business manager for Darco Insurance Services. Hall will also work with CREC’s two other Palm Beach properties, the Mellon United National Bank Building and the Horizon Office Center.
"Palm Beach County has long been considered one of Florida’s most attractive real estate markets, so it’s only natural that we are targeting the region as part of our strategic expansion across the state," said Carol Brooks, president of CREC, in a prepared statement. "Taking on the leasing and property management of Metrocentre Corporate Park and adding Darla Hall to our team of professionals are two important steps in the right direction."
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