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Quest Workspaces Leases Office Space At 515 N Flagler Dr, West Palm Beach

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LEASED

Florida

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Office25,947 SF
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LEASED

Quest Workspaces Leases Office Space At 515 N Flagler Dr, West Palm Beach

515 N Flagler Dr, West Palm Beach, F...

See Similar Deals
Office25,947 SF
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:25,947 SF
Transaction Type:Lease

The Northbridge Centre, located at 515 N. Flagler Drive in West Palm Beach, is a 21-story office tower totaling 294,493 square feet. The property offers prime Class A office space in Downtown West Palm Beach and features amenities such as an attached parking garage, restaurants, banking services, a salon, and a fitness center. The strategic location of Northbridge Centre provides spectacular views and is within walking distance to numerous shops and restaurants, making it an attractive location for businesses.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not provided
  • Landlord's Representatives: Kevin McCarthy (CBRE), Kevin Probel (CBRE)
  • Tenant: Quest Workspaces
  • Landlord: C-III Capital Partners
  • Square Feet: 25,947
  • Tenant's Representative: Lance Benson (Newmark)

CBRE's Kevin Probel and Kevin McCarthy represented the landlords, Vanderbilt Office Properties and C-III Capital Partners, in the lease negotiations for Quest Workspaces at Northbridge Centre. Lance Benson from Newmark acted as the representative for Quest Workspaces in the deal. Quest Workspaces, Miami's third-largest coworking operator, will be expanding its presence in the building by occupying an additional 13,164 square feet on the fourth floor, in addition to its current space on the third floor. With over 170 clients and a diverse client base including companies like Humana and Third Federal, Quest Workspaces is looking forward to establishing a long-term presence at Northbridge Centre.

Players

Kevin Probel
12 deals$90.2M volume
BROKER

Kevin McCarthy
JLL
15 deals$122.2M volume
BROKER

CBRE
BROKERAGE


Details

LEASED
IMAGE: 515 N Flagler Dr, West Palm Beach, F... MARKET: West Palm Beach ASSET TYPE: Office LANDLORD'S REP: Kevin McCarthy(CBRE), Kevin Probel(CBRE) TENANT: Quest Workspaces LANDLORD: C-III Capital Partners SQUARE FEET: 25947

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Deal Type
Effective Rent (Annual)

$1,487,266.38

Total Lease Value

$14,872,663.82

Net Landlord Cash Flow$1,487,266.38