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

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:

• Property Type: Office
• Transaction Amount: N/A
• Address: 515 North Flagler Drive
• Market: West Palm Beach
• 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
• Tenant's Reps: Brad Davis, Chris Smith, John Criddle, Will Portfolio - CBRE; Connie Thomas - Tower Commercial Real Estate (TCRE); Jason Sundook, Lesley Sheinberg - NAI Merin Hunter Codman; Mitchell Millowitz - Newmark; Scott Powell - Public Properties

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.