Stablecoin Development Corp Leases Office Space At Esperanté Corporate Center In West Palm Beach
222 Lakeview Avenue
Building Size
—
Asset Type
Office
Closing
Aug 3, 2026
AI
The asset involved in the transaction is an office space located at 222 Lakeview Avenue Suite 800 in West Palm Beach, FL. The property is part of the Esperanté Corporate Center. The transaction is part of Stablecoin Development Corp's strategy to relocate its headquarters from California to this market.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Stephen Ross - Related Ross; JZ Capital Partners; Greenmont Group
- Tenant: Michael Kazley - Stablecoin Development Corp
- Date: 08/03/2026
Stephen Ross, representing Related Ross, along with partners JZ Capital Partners and Greenmont Group, facilitated the lease for the office space. Michael Kazley, the tenant, indicated that the relocation and rebranding from NovaBay Pharmaceuticals to Stablecoin Development Corp aligns with their focus on cryptocurrency and their substantial investment in Sky tokens.
Players
California 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