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1909 Leases 9,000 SF Office Space At 319 Clematis Street In West Palm Beach With Morning Calm Advisors

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LEASED

Florida

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Office9,000 SF
Leased 12/05/2023
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LEASED

1909 Leases 9,000 SF Office Space At 319 Clematis Street In West Palm Beach With Morning Calm Advisors

319 Clematis Street

See Similar Deals
Office9,000 SF
Leased 12/05/2023
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:9,000 SF
Transaction Type:Lease

West Palm Beach's business incubator, 1909, has leased a 9,000-square-foot office space at the historic Comeau Building on 319 Clematis Street. The new location, a partnership with Morning Calm Advisors, aims to provide affordable workspaces, event spaces, and amenities for local entrepreneurs facing challenges from soaring commercial real estate rents in the region.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not Available
  • Square Footage: 9,000
  • Address: 319 Clematis Street
  • Market: West Palm Beach

The landlord for this lease is Morning Calm Advisors, represented by Mukang Cho. The tenants, Danielle Casey and Shana Ostrovitz, will be leasing the office space for their business incubator venture, 1909. The partnership aims to provide much-needed affordable workspaces and amenities to local entrepreneurs in the West Palm Beach area.

Details

LEASED
IMAGE: Shana Ostrovitz, Mukang Cho, Danielle Casey DATE: 12/05/2023 ADDRESS: 319 Clematis Street MARKET: West Palm Beach ASSET TYPE: Office ~ SF: 9,000 LANDLORD: Morning Calm Advisors - Mukang Cho TENANT: 1909 (@Weare1909) - Danielle Casey (@DaniellewCasey) & Shana Ostrovitz (@ShanaOstrovitz) NOTE: West Palm Beach's business incubator, 1909, has leased a 9,000-square-foot office space at the historic Comeau Building on 319 Clematis Street. The new location, a partnership with Morning Calm Advisors, aims to provide affordable workspaces, event spaces, and amenities for local entrepreneurs facing challenges from soaring commercial real estate rents in the region.

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Deal Type
Effective Rent (Annual)

$515,874.57

Total Lease Value

$5,158,745.69

Net Landlord Cash Flow$515,874.57