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
About this deal
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.
On the Map
Office
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Players
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