Roch Wants to Fill This Empty Office Building Now

“Plantation Corporate Center I provides a unique, full-building opportunity for potential tenants.”

MIAMI— Roch Capital is getting serious about leasing its Boca Raton, FL office building . The company gave Cushman & Wakefield the exclusive leasing and sale assignment for the 66,905-square-foot office building. CushWake senior director John K. Criddle , associate Joseph J. Freitas , and senior director Dominic Montazemi are handling the asset. Formerly known as Applied Corporate Center South, the three-story office building is located at 5401 Broken Sound Boulevard Northwest, on the 15th and 16th holes of The Old Course at Broken Sound. “This is a one-of-a-kind opportunity to lease a highly improved, freestanding office building located in Boca Raton,” Criddle tells GlobeSt.com. “The property is ideal for a corporate headquarter user that wants to establish a true identity in Boca Raton with building and monument signage. 5401 Broken Sound offers one of the last large blocks of corporate office space on the Old Course at Broken Sound.” 5401 Broken Sound has a full-building leasing opportunity. CushWake is positioning the building as good location for corporate headquarters, but Roch is also offering options to lease individual floorplates greater than 20,000 square feet. “This is a one-of-a-kind opportunity is located within the Park at Broken Sound. Once known as Arvida Park of Commerce, it is a 700-acre live-work-play community with 29 acres of waterways and 28 acres of green space. Over 1,000 multifamily units and a 65,000-square-foot retail project are under construction in the park, which is near Downtown Boca Raton, Mizner Park, Interstate 95 and Florida’s Turnpike. According to CushWake Research, all economic and market indicators in the Palm Beach County office market are positive. Demand for office space remained positive as the market absorbed 517,767 square feet of space during the first quarter of the year. And quality class A office space is still the most desirable property, experiencing an overall vacancy of 15%. “The actual vacancy was much lower as most of the available space has already been leased with tenants not expected to move in until late 2016 or early 2017,” says senior research analyst Valerie Tatum in the firm’s recently released 1Q 2016 Palm Beach County Office MarketBeat report. “Developers have proposed approximately 546,000 square feet of office and mixed-use space in the suburban submarkets of Palm Beach County but no new projects have been announced in the Downtown CBD. The imbalance between new supply and demand continued to drive rental rates higher in major submarkets.”