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Garden Of Life Leases Office Space At 4400 Northcorp Pkwy In West Palm Beach

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LEASED

Florida

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Office36,096 SF
Leased 10/23/2017
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LEASED

Garden Of Life Leases Office Space At 4400 Northcorp Pkwy In West Palm Beach

4400 Northcorp Pkwy, Palm Beach Gar...

See Similar Deals
Office36,096 SF
Leased 10/23/2017
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:36,096 SF
Transaction Type:Lease

The Corporate Center at the Gardens in Palm Beach Gardens, Fla., spans 113,565 square feet across two buildings, located at 4200 and 4400 Northcorp Parkway. The office complex features covered and garage parking, recent renovations, and a LEED Gold certification. Building 4200 is a four-story structure built in 1996, covering 95,065 square feet, while Building 4400 is a two-story property completed in 1999, with 18,500 square feet of space.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Tenant: Garden of Life
  • Square Feet: 36,096
  • Landlord: Alchemy-ABR Investment Partners

Garden of Life, an organic nutrition innovator, has expanded its lease at Corporate Center at the Gardens by 8,138 square feet to accommodate its growth plans. The campus is fully leased, with other tenants including Oxford Global Resources, Olympus Insurance Co., and Weiss Research Inc. C&W's Anthony Librizzi facilitated the lease renewal and expansion on behalf of the landlord, while CBRE's Kevin Probel and Kevin McCarthy represented Garden of Life in the negotiations. The complex's visibility along Interstate 95, proximity to premium amenities, and modern work environment make it an attractive location for tenants seeking a unique workspace in the northern Palm Beach County market.

Players

Kevin Probel
12 deals$90.2M volume
BROKER

Kevin McCarthy
JLL
15 deals$122.2M volume
BROKER

CBRE
BROKERAGE


Details

LEASED
IMAGE: 10/23/2017 ADDRESS: 4400 Northcorp Pkwy, Palm Beach Gar... MARKET: West Palm Beach ASSET TYPE: Office TENANT'S REP: Kevin McCarthy(CBRE), Kevin Probel(CBRE) TENANT: Garden of Life LANDLORD: Alchemy-ABR Investment Partners SQUARE FEET: 36096

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Deal Type
Effective Rent (Annual)

$2,069,000.94

Total Lease Value

$20,690,009.38

Net Landlord Cash Flow$2,069,000.94