PALM BEACH, FL-A building that saw major fallout from the banking industry crisis is slowing recovering its tenant base. ITT Technical Institute just leased 20,000 square feet of space at Hillsboro Center.
Peter Reed, principal of Commercial Florida Realty Services, represented Parkway Properties, the landlord of Hillsboro Center. Steve O’Hara and Jason Sundook of Merin Hunter Codman represented ITT Tech in the transaction.
“First NLC Mortgage had occupied about 70,000 square feet of Hillsboro Center,” Reed tells GlobeSt.com. “When they went bankrupt they rejected and defaulted on the lease at Hillsboro Center and T-Rex.”
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