Kevin Priddy Of Venture X Signs Long-Term Lease For 28959 Sq. Ft. Office In Boca Raton

The property involved in the transaction is an office asset located at 1489 & 1499 West Palmetto Park Road in Boca Raton. The total square footage of the property is 28,959, and it is situated in a market that is experiencing growth in the office sector. The property is currently undergoing significant renovations, with an investment of $30 million aimed at enhancing its offerings and appeal.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Lease Term: Long-term
• Landlord: Mark Corlew - Grover Corlew
• Tenant: Kevin Priddy - Venture X
• Landlord's Representative: John Criddle, Joseph Freitas & Max Pawk - CBRE
• Tenant's Representative: Derek Baker - Colliers

The lease was signed by Kevin Priddy of Venture X, a major coworking operator in the United States, indicating a strategic move into the Boca Raton market. The leasing process involved representation by Derek Baker from Colliers, ensuring that Venture X secured a prime location within the region's thriving office landscape.