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
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