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
Boca Raton Office Market Snapshot
Boundary boundary · Office · Lease transactions
Loading comparables…
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