Garden Of Life Leases West Palm Beach Office Space At 4200 Northcorp Pkwy

The headquarters lease renewal and expansion at Corporate Center at the Gardens involved a four-story, 95,065-square-foot structure and a two-story, 18,500-square-foot property in Palm Beach Gardens, Fla. Owned by Alchemy-ABR Investment Partners, the campus received an $8.8 million modernization program, providing covered and garage parking, extensive tenant improvements, lobby upgrades, common-area buildouts, new restrooms, exterior site improvements, signage, and a new roof on the larger building.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Address: 4200 and 4400 Northcorp Parkway, Palm Beach Gardens, FL
• Square Feet: 36096
• Tenant: Garden of Life
• Landlord: Alchemy-ABR Investment Partners

C&W's Managing Director Anthony Librizzi facilitated the lease on behalf of the landlord, while CBRE's team of First Vice Presidents, Kevin Probel and Kevin McCarthy, represented the tenant, Garden of Life, during the negotiations. The New York-based Alchemy-ABR Investment Partners acquired the asset in March 2016 from Lexington Realty Trust in a $30.1 million deal, showcasing a strong outlook on the northern Palm Beach County market and the property's appeal within it.