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Wells Fargo Expands Lease At 1675 North Military Trail In Boca Raton

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LEASED
Chris Smith
John Criddle
+ 4

Florida

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Office19,000 SF
Leased 08/18/2023
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Property Image
LEASED

Wells Fargo Expands Lease At 1675 North Military Trail In Boca Raton

1675 North Military Trail Boca Raton, Florida 33486, USA

See Similar Deals
Office19,000 SF
Leased 08/18/2023
Chris Smith
John Criddle
+ 4
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:19,000 SF
Transaction Type:Lease

Wells Fargo has expanded its lease by 19,000 square feet at 1675 North Military Trail in Boca Raton, Florida. This expansion allows for an additional 60 employees, bringing the total number to 140. The property, known as 1675 Midtown, is an office space with a total area of 19,000 square feet. It is located on North Military Trail in the market of Boca Raton.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 1675 North Military Trail
  • Market: Boca Raton
  • Total Square Footage: 19,000

The lease expansion was managed by CBRE and Tricera Capital's representatives. Wells Fargo is the tenant, and Tricera Capital is the landlord of the property. The tenant's representatives in this deal were John Criddle, Joe Freitas, and Chris Smith from CBRE. On the other hand, Jon Blunk, Cristina Glaria, Connie Thomas, and Laurel Oswald of Tower Commercial Real Estate (TCRE) represented the landlord, Tricera Capital. This collaboration between Wells Fargo and Tricera Capital allowed for the expansion of the lease and the subsequent increase in the number of employees.

Note: The leasing process of 1675 Midtown was successfully conducted by CBRE and Tricera Capital's representatives.

Players

John Criddle
9 deals
BROKER

Chris Smith
CBRE
3 deals$17.5M volume
BROKER

Joseph (Joe) Freitas
CBRE
9 deals
BROKER

Laurel Oswald
Tower Commercial Real Estate (TCRE)
6 deals
BROKER


1 deal
BROKER

3 deals
BROKER

Tricera Capital
LANDLORD

Details

LEASED
IMAGE: Chris Smith, Connie Thomas, Joe Freitas, Laurel Oswald, John Criddle, Cristina Glaria & Jon Blunk DATE: 08/18/2023 ADDRESS: 1675 North Military Trail MARKET: Boca Raton ASSET TYPE: Office ~ SF: 19,000 LANDLORD: Tricera Capital TENANT: Wells Fargo LANDLORD'S REP: Jon Blunk, Cristina Glaria, Connie Thomas & Laurel Oswald - Tower Commercial Real Estate (TCRE) TENANT'S REP: John Criddle, Joe Freitas & Chris Smith - CBRE NOTE: Wells Fargo has expanded its lease by 19,000 square feet at 1675 North Military Trail in Boca Raton, allowing for 60 more employees, bringing the total to 140. The property is known as 1675 Midtown, and the leasing was managed by CBRE and Tricera's representatives.

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Deal Type
Effective Rent (Annual)

$1,089,068.53

Total Lease Value

$10,890,685.35

Net Landlord Cash Flow$1,089,068.53