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Meritage Homes & Allied Universal Lease 29,162 SF At Abacoa Town Center In Jupiter

Property Image
LEASED
$35
Tara England
Derek Baker
+ 1

Florida

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Office29,162 SF
Leased 06/13/2023
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Property Image
LEASED

Meritage Homes & Allied Universal Lease 29,162 SF At Abacoa Town Center In Jupiter

1395 University Blvd Jupiter, FL 33458, USA

See Similar Deals
Office29,162 SF
Leased 06/13/2023
Tara England
Derek Baker
+ 1
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$35
Total Square Footage:29,162 SF
Transaction Type:Lease

Meritage Homes and Allied Universal have leased a combined 29,162 square feet of office space at Abacoa Town Center in Jupiter, FL. The Class A office building, owned by LRP Properties Abacoa, LLC, offers flexible floor plans, convenient amenities, and low vacancy rates, making it an attractive choice for tenants. The asking rent for the space was $35 per square foot.

Summary of transaction details

The lease agreement was facilitated by Dennis Waggner from Cresa and Tara England from Cushman & Wakefield, who represented the tenant in the deal. The transaction highlights the demand for office space in Jupiter, FL, and the confidence of tenants like Meritage Homes and Allied Universal in the Abacoa Town Center.

Players

Tara England
2 deals
BROKER

Michael Falk
Colliers
11 deals$89.5M volume
BROKER

Derek Baker
Colliers
4 deals
BROKER


TENANT

Details

LEASED
IMAGE: Derek Baker & Michael Falk DATE: 06/13/2023 ADDRESS: 1395 University Boulevard MARKET: Jupiter ASSET TYPE: Office LANDLORD: LRP Properties Abacoa, LLC TENANT: Meritage Homes & Allied Universal LANDLORD'S REP: Derek Baker & Michael Falk (@ColliersFalkweprinteam) - Colliers (@ColliersInternational) TENANT'S REP: Dennis Waggner - Cresa (@CresaGlobal); Tara England - Cushman & Wakefield (@CushWake) ASKING RENT: $35/ft. ~ SF: 29,162 NOTE: Meritage Homes and Allied Universal have leased a combined 29,162 square feet at Abacoa Town Center in Jupiter, FL. The Class A office building offers flexible floor plans, convenient amenities, and low vacancy rates, making it an attractive choice for tenants.

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Deal Type
Effective Rent (Annual)

$1,170,083.77

Total Lease Value

$11,700,837.70

Net Landlord Cash Flow$1,170,083.77