MDVIP Leases 49466 SF Office Space At The Eclipse North Tower In Boca Raton
6600 North Military Trail
Building Size
49,466 SF
Asset Type
Office
Closing
Feb 4, 2026
AI
The office asset involved in the transaction is located at 6600 North Military Trail in Boca Raton, featuring a total square footage of 49,466. This property is part of The Eclipse’s North Tower and contributes to the near full occupancy of the 420,525 square feet Class A office space within the mixed-use development.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Address: 6600 North Military Trail
- Market: Boca Raton
- Landlord: Isaac Toledano - BH Group; Ian Weiner - PEBB Enterprises
- Tenant: Larry Kutscher - MDVIP
- Lease Size: 49,466 SF
The lease signed by MDVIP marks the relocation of its corporate headquarters with over 200 employees. This transaction is a significant milestone for developers BH Group and PEBB Enterprises, advancing occupancy levels within the mixed-use project.
Players
Boca Raton 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