Roger Ferris Of Roger Ferris & Partners Leases 10000 Square Feet Office In West Palm Beach
777 South Flagler Drive
Building Size
10,000 SF
Asset Type
Office
Closing
Nov 12, 2025
About this deal
AI
The lease involved an office asset located at 777 South Flagler Drive in West Palm Beach, comprising 10,000 square feet. This property supports the expansion plans of Roger Ferris + Partners as they establish their first office outside the Northeast region.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 777 South Flagler Drive
- Market: West Palm Beach
- Landlord: Stephen Ross - Related Ross
- Tenant: Roger Ferris - Roger Ferris + Partners
- Lease Term: long-term
Roger Ferris + Partners, a New York-based architecture firm, is set to enhance its presence in South Florida with this long-term lease. Their expansion is linked to significant projects in the area, including a $100 million renovation at Phillips Point and the development of luxury condos at Shorecrest, which will involve a planned team of 12 staff members.
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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