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222 Lakeview Avenue

Updated Nov 2, 2026

LEASEDOffice

Boston Children’s Hospital Signs Lease For New Clinic In West Palm Beach Office Space

222 Lakeview Avenue

Building Size

—

Asset Type

Office

Closing

Oct 30, 2026

About this deal

AI

The transaction involves an office asset located at 222 Lakeview Avenue in West Palm Beach, FL. The property is part of the 256,000-square-foot Esperanté Corporate Center, which is being expanded to accommodate Boston Children’s Hospital's first clinic outside Boston, with a planned opening in 2027.

Summary of transation details:

  • Property Type: Office
  • Transaction Amount: Not Disclosed
  • Landlord: Stephen Ross - Related Ross
  • Tenant: Kevin B. Churchwell - Boston Children’s Hospital
  • Market: West Palm Beach, FL
This deal highlights the growing healthcare presence in West Palm Beach, as Boston Children’s Hospital joins other notable medical facilities, such as the Cleveland Clinic and the redevelopment plans of Good Samaritan Medical Center.

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Players

Stephen Ross

Related Group

Broker

$5.5B

vol

56 deals

Broker
Stephen Ross

Stephen Ross

Related Ross

Landlord

$5.5B

vol

56 deals

Landlord
Kevin B. Churchwell

Kevin B. Churchwell

Boston Children’s Hospital

Tenant

1 deal

Tenant
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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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