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525 Okeechobee Boulevard

Updated Sep 14, 2026

Bilt advertisement
LEASEDOffice

Ben Horowitz Of Andreessen Horowitz Leases Office Space From Stephen Ross Of Related Ross In West Palm Beach

525 Okeechobee Boulevard

Building Size

Asset Type

Office

Closing

Sep 11, 2026

About this deal

AI

The property asset involved in the context is an office space located at 525 Okeechobee Boulevard in West Palm Beach, FL. This property is part of the CityPlace Tower owned by Related Ross. The leasing arrangement is indicative of a broader trend as the area evolves into a hub for defense and finance industry companies.

Summary of transaction details:

Ben Horowitz, representing Andreessen Horowitz, is set to lease space for the regional headquarters of its $1.2 billion American Dynamism defense and aerospace fund. This move is part of a strategic effort to position West Palm Beach as an attractive location for major corporations.

Players

Stephen Ross

Related Ross

Landlord

$5.4B

vol

53 deals

Landlord

Ben Horowitz

Andreessen Horowitz

Tenant

1 deal

Tenant

West Palm 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

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