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2255 Glades Rd, Boca Raton,...

Weiss Serota Helfman Cole & Bierman Leases Office Space At 2255 Glades Rd, Boca Raton
LEASEDOffice

Weiss Serota Helfman Cole & Bierman Leases Office Space At 2255 Glades Rd, Boca Raton

2255 Glades Rd, Boca Raton, FL, 33431

Building Size

12,138 SF

Asset Type

Office

Closing

Nov 20, 2023

AI

The office property at 2255 Glades Rd, Boca Raton, FL, 33431 is a 12138-square-foot space located in Boca Raton. It was leased by the law firm Weiss Serota Helfman Cole & Bierman, expanding their presence in Palm Beach County. The landlord, CP Group, was represented by Laurel Oswald from Tower Commercial Real Estate (TCRE).

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Market: Boca Raton
  • Tenant: Weiss Serota Helfman Cole & Bierman
  • Landlord: CP Group
  • Square Feet: 12138
  • Landlord's Rep: Laurel Oswald (Tower Commercial Real Estate (TCRE))

The lease transaction for the office space at 2255 Glades Rd signifies the strategic growth plan of Weiss Serota Helfman Cole & Bierman in Boca Raton. The law firm's decision to expand its office in One Boca Place highlights their commitment to serving the growing business community in Palm Beach County. The Butters Realty & Management office team, comprising Caroline Fleischer, Darcie Lunsford, and Sky Butters, represented Weiss Serota in the lease negotiations. The firm's expansion in Palm Beach County is a testament to the vibrant business environment in the region.

Players

Laurel Oswald

Tower Commercial Real Estate (TCRE)

Broker

6 deals

Broker
CG
CP GroupLandlord

Boca Raton Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93