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354 Hiatt Drive

Kenneth Kahn Of LRP Media Group Leases Office Space To Ampera In Palm Beach Gardens
LEASEDOffice

Kenneth Kahn Of LRP Media Group Leases Office Space To Ampera In Palm Beach Gardens

354 Hiatt Drive

Building Size

100,000 SF

Asset Type

Office

Closing

Dec 11, 2025

AI

The property asset involved in the transaction consists of two office buildings located at 358 and 354 Hiatt Drive in Palm Beach Gardens, with a total office space of 100,000 square feet. The transaction facilitated the establishment of a global headquarters for the tenant, Ampera. The asset is positioned within the Palm Beach Gardens market.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Undisclosed
  • Landlord: Kenneth Kahn - LRP Media Group
  • Tenant: Brian Matthews - Ampera
  • Broker: Michael Falk - Colliers

Michael Falk represented the landlord, LRP Media Group, in the lease agreement. Ampera plans to employ approximately 100 people by the following year at its new headquarters, which will encompass administrative, R&D, manufacturing, and assembly functions.

Players

Michael Falk

Colliers

Broker

$89.5M

vol

11 deals

Broker

Palm Beach Gardens 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