Boca Offices Rise From 35% to 75% Occupied

PALM BEACH, FL—Lynn Financial Center, twin class A office buildings spanning 123,882 square feet of space, is reporting a dramatic turnaround. Building occupancy has risen from 35% to 75% on five recent new leases and one expansion.

On behalf of the landlord, Avison Young South Florida principals Greg Martin and Keith O’Donnell and director of Leasing David Bateman, have inked six deals. Here is a list of the deals:

• Polen Capital Management, a South Florida based investment management firm, signed a new long-term lease for 12,904 square feet.
• JVB Financial, a national investment firm specializing in the wholesale distribution of fixed income securities, signed a new long-term lease for 9,601 square feet for its new headquarters
• MDVIP, a network of physicians and division of Proctor & Gamble, signed a renewal and expansion for 9,325 square feet, totaling 31,084 square feet within the building for its headquarters
• Frank, Weinberg & Black P.L., a full-service law firm with additional offices in Broward County, signed a new lease for 6,973 square feet
• Opus Business Centers, a virtual office space provider, signed a new long-term lease for 3,933 square feet to house its corporate headquarters and Boca Raton service operations

“Over the past year we have been able to take advantage of the right tenant opportunities that presented themselves in the Boca Raton market to match the right businesses with our unique architectural design, LEED efficiency, strength of ownership, amenities, location and acclaimed tenant mix at Lynn Financial Center,” Martin tells GlobeSt.com. “In spite of the economic uncertainties we knew we could identify companies that were positioned for the long haul and would be drawn to a quality asset.”