“This is a well-located, quality office property with significant upside potential via lease-up of its available space,” says Jacklene Chesler of the Colliers investment team. “The price provides the new buyer with an attractive opportunity to leverage its value-add position.”
The new Venture X location will total approximately 12,500 square feet of shared workspace and private offices at CityPlace West Palm Beach at 700 South Rosemary Ave.
CBRE's recent occupier report shows that all industries are beginning to adopt open office floors plans and technology, and traditional tenants in San Diego are slowly joining in.