facebook
Traded Co logo
Submit
Daily limit: 0/10

Dycom Industries Leases 40,000 SF Office Space In West Palm Beach

Property Image
LEASED
$110

Florida

See Similar Deals
Office40,000 SF
Leased 03/14/2024
the dealplayerscompscontact
Property Image
LEASED

Dycom Industries Leases 40,000 SF Office Space In West Palm Beach

300 Banyan Boulevard

See Similar Deals
Office40,000 SF
Leased 03/14/2024
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$110
Total Square Footage:40,000 SF
Transaction Type:Lease

The office property at 300 Banyan Boulevard in West Palm Beach has been leased by Dycom Industries for its headquarters relocation. The property, developed by Brand Atlantic Real Estate Partners and Wheelock Street Capital, offers 120,000 square feet of office space across six floors, along with three floors of parking. Dycom Industries will occupy the top two floors of the 12-story building, leasing 40,000 square feet at an asking rent of $110 per square foot, bringing the building to 50 percent pre-leased.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 300 Banyan Boulevard
  • Market: West Palm Beach
  • Tenant: Dycom Industries
  • Landlord: Andrew Dance - Brand Atlantic Real Estate Partners; Rick Kleeman - Wheelock Street Capital
  • Landlord's Rep: Anthony Librizzi - Cushman & Wakefield
  • Tenant's Rep: Derek Baker - Colliers International
  • Asking Rent: $110/ft.
  • Square Footage: 40,000

The deal was brokered by Anthony Librizzi from Cushman & Wakefield representing the landlord, and Derek Baker from Colliers International representing the tenant, Dycom Industries. Andrew Dance from Brand Atlantic Real Estate Partners and Rick Kleeman from Wheelock Street Capital were the landlords involved in the lease agreement.

Players

Anthony Librizzi
7 deals$15M volume(561) 227-2070
BROKER

Derek Baker
Colliers
4 deals
BROKER

Details

LEASED
IMAGE: Andrew Dance, Derek Baker, Anthony Librizzi & Rick Kleeman DATE: 03/14/2024 ADDRESS: 300 Banyan Boulevard MARKET: West Palm Beach ASSET TYPE: Office LANDLORD: Andrew Dance - Brand Atlantic Real Estate Partners; Rick Kleeman - Wheelock Street Capital TENANT: Dycom Industries LANDLORD'S REP: Anthony Librizzi - Cushman & Wakefield (@CushWake) TENANT'S REP: Derek Baker - Colliers International (@ColliersInternational) ASKING RENT: $110/ft. ~ SF: 40,000 NOTE: Dycom Industries leased 40,000 square feet at the 300 Banyan office project in Downtown West Palm Beach for its headquarters relocation, occupying the top two floors of the 12-story building developed by Brand Atlantic Real Estate Partners and Wheelock Street Capital at an asking rent of $110 per square foot. The development, set for completion next month, will offer about 120,000 square feet of office space across six floors, along with three floors of parking, with Dycom's lease bringing the building to 50 percent pre-leased.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Effective Rent (Annual)

$5,044,106.90

Total Lease Value

$50,441,068.97

Net Landlord Cash Flow$5,044,106.90