Stuart Cardiology Group Signs 10 Year NNN Lease At 4750 East Park Drive In Palm Beach Gardens

The asset involved in the transaction is an office property located at 4750 East Park Drive in the Palm Beach Gardens market. The total square footage of the property is 12,659. The asking rent for the lease is $45 per square foot, and the lease term spans 10 years. This lease is categorized as a NNN Lease.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $45/ft
• Square Footage: 12,659
• Address: 4750 East Park Drive
• Market: Palm Beach Gardens
• Landlord: Northcorp III, LTD
• Tenant: Stuart Cardiology Group
• Landlord's Representative: John Clark Bills
• Tenant's Representative: Lucia Hedke - JLL
• Lease Term: 10 years
• Lease Type: NNN Lease

In this transaction, Northcorp III, LTD acts as the landlord while Stuart Cardiology Group is the tenant. The landlord's representative is John Clark Bills, and the tenant's interests are represented by Lucia Hedke from JLL. The arrangement facilitates a long-term operational presence for the tenant in the office space.