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The Kroger Co. Leases 35000 Square Feet At 4700 Exchange Ct Boca Raton With Danielle Vennett

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LEASED

Florida

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Office35,000 SF
Leased 09/06/2019
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LEASED

The Kroger Co. Leases 35000 Square Feet At 4700 Exchange Ct Boca Raton With Danielle Vennett

4700 Exchange Ct, Boca Raton, FL, 33...

See Similar Deals
Office35,000 SF
Leased 09/06/2019
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:35,000 SF
Transaction Type:Lease

The property involved in this lease transaction is located at 4700 Exchange Ct, Boca Raton, FL. The leased space measures 35,000 square feet within the Boca Raton Innovation Campus (BRiC), designed for efficiency with a contiguous layout. This property is set to serve as the national headquarters for The Kroger Co., supporting its digital businesses, including vitacost.com.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not specified
  • Address: 4700 Exchange Ct, Boca Raton, FL
  • Market: Boca Raton
  • Square Feet: 35,000
  • Landlord: Unknown
  • Landlord's Representative: Danielle Vennett (Boca Raton Innovation Campus)
  • Tenant: The Kroger Co.
  • Tenant's Representative: Mitchell Millowitz of Newmark Grubb Knight Frank
  • Landlord's Other Representative: Jeff Kelley of CBRE

The deal features a strategic relocation for The Kroger Co., moving to a space that aims to enhance operational efficiency compared to their previous location across the street. The deal was facilitated by key representatives from both sides, with a focus on creating a unified operational headquarters for Kroger's digital initiatives.

Players

Mitchell Millowitz
5 deals
BROKER

Danielle Vennett
Avison Young
1 deal(561) 254-4351
BROKER

The Kroger Co.
TENANT

Details

LEASED
IMAGE: 4700 Exchange Ct, Boca Raton, FL, 33... MARKET: Boca Raton LANDLORD'S REP: Danielle Vennett(Boca Raton Innovation Campus) TENANT: The Kroger Co. LANDLORD: Unknown Landlord SQUARE FEET: 35000

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Deal Type
Effective Rent (Annual)

$2,006,178.88

Total Lease Value

$20,061,788.80

Net Landlord Cash Flow$2,006,178.88