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Vanderbilt Office Properties Leases Office Space To Duracell Distributing And Other Tenants In West Palm Beach

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LEASED
Mitchell Millowitz
John Criddle
+ 9

Florida

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Office47,331 SF
Leased 11/07/2024
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Property Image
LEASED

Vanderbilt Office Properties Leases Office Space To Duracell Distributing And Other Tenants In West Palm Beach

515 North Flagler Drive

See Similar Deals
Office47,331 SF
Leased 11/07/2024
Mitchell Millowitz
John Criddle
+ 9
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$0
Total Square Footage:47,331 SF
Transaction Type:Lease

The property involved in this transaction is an office asset located at 515 North Flagler Drive, West Palm Beach. This property encompasses a total of 47,331 square feet and is part of the trophy Class A Northbridge Centre office building, which has seen increased occupancy rates.

Summary of transaction details:

JLL facilitated several new leases at the Northbridge Centre, resulting in a boost of occupancy to 95% across the 294,493-square-foot property. Notable lease agreements include Duracell Distributing for 6,113 square feet, General Services Administration for 13,135 square feet, and Fifth Third Bank for 7,984 square feet, among others, highlighting the diversity of tenants represented by various brokerage firms.

Players

Kevin Probel
12 deals$90.2M volume
BROKER

Kevin McCarthy
JLL
15 deals$122.2M volume
BROKER

John Criddle
CBRE
9 deals
BROKER

Mitchell Millowitz
Newmark
5 deals
BROKER

Chris Smith
CBRE
3 deals$17.5M volume
BROKER





Lesley Sheinberg
NAI Merin Hunter Codman
3 deals$6M volume(772) 812-9017
BROKER


Scott Powell
Public Properties
1 deal
BROKER

Details

LEASED
IMAGE: Lesley Sheinberg, Leigh Lingo, Jason Sundook, Connie Thomas, Brad Davis, Chris Smith, Kevin Probel, John Criddle, Kevin McCarthy, Mitchell Millowitz, Scott Powell & Will Portfolio DATE: 11/07/2024 ADDRESS: 515 North Flagler Drive MARKET: West Palm Beach ASSET TYPE: Office ~ SF: 47,331 LANDLORD: Vanderbilt Office Properties TENANT: Duracell Distributing, General Services Administration, Serengeti Asset Management, Smart Source LLC, Shoreham Capital, Fifth Third Bank, Lightview Capital & DC Capital Partners LANDLORD'S REP: Kevin McCarthy, Kevin Probel & Leigh Lingo - JLL (@JLL ) TENANT'S REP: Brad Davis, Chris Smith, John Criddle & Will Portfolio - CBRE (@CBRE); Connie Thomas - Tower Commercial Real Estate (TCRE); Jason Sundook & Lesley Sheinberg - NAI Merin Hunter Codman (@NAI_MHC); Mitchell Millowitz - Newmark (@Newmark); Scott Powell - Public Properties NOTE: JLL secured several new leases at trophy Class A Northbridge Centre office building in Downtown West Palm Beach, boosting occupancy to 95% across the 294,493-square-foot property. Tenants include: - Duracell Distributing (6,113 SF, represented by Mitchell Millowitz at Newmark), - GSA (13,135 SF, represented by Scott Powell at Public Properties), - Serengeti Asset Management (4,119 SF, represented by Connie Thomas at TCRE), - Smart Source LLC (4,140 SF, represented by John Criddle at CBRE), - Shoreham Capital (3,455 SF), - Fifth Third Bank (7,984 SF, represented by Will Portfolio and Chris Smith at CBRE), - Lightview Capital (1,825 SF, represented by Jason Sundook and Lesley Sheinberg at NAI Merin Hunter Codman), and - DC Capital Partners (6,560 SF, represented by Brad Davis at CBRE).

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Deal Type
Effective Rent (Annual)

$2,712,984.36

Total Lease Value

$27,129,843.58

Net Landlord Cash Flow$2,712,984.36