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600 West Hillsboro Boulevard

Joseph C. Corradino And Ward Morrison Lease 30,123 SF Office At Grover Corlew’s 600 Hillsboro
LEASEDOffice

Joseph C. Corradino And Ward Morrison Lease 30,123 SF Office At Grover Corlew’s 600 Hillsboro

600 West Hillsboro Boulevard

Building Size

30,123 SF

Asset Type

Office

Closing

Jul 23, 2025

AI

The property involved in this transaction is an office asset located at 600 West Hillsboro Boulevard in Deerfield Beach, comprising a total of 30,123 square feet. This lease contributes to an increase in occupancy at Hillsboro Center, reaching 90%.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 600 West Hillsboro Boulevard
  • Market: Deerfield Beach
  • Landlord: Mark Corlew & Anuj Grover - Grover Corlew
  • Tenant: Joseph C. Corradino - The Corradino Group; Ward Morrison - Wemlo
  • Landlord's Representatives: Joe Freitas, John Criddle, Max Pawk & Nicholas Mulligan - CBRE
  • Tenant's Representatives: Kathryn B. Gillespie - 15 Properties; Candy Yeung - Re/Max Consultants Realty 1

This transaction involves The Corradino Group leasing space to manage a $1.3 billion FDOT project, while Wemlo is establishing a fintech presence. Grover Corlew is also planning to expand the site with the addition of 360 apartments.

Players

John Criddle

CBRE

Broker

9 deals

Broker

Anuj Grover

Landlord

$222.6M

vol

5 deals

Landlord

Deerfield Beach Office Market Snapshot

Boundary boundary · Office · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93