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222 Lakeview Avenue

Stablecoin Development Corp Leases Office Space At Esperanté Corporate Center In West Palm Beach
LEASEDOffice

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:

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

Stephen Ross

Related Group

Broker

$5.2B

vol

51 deals

Broker
JP
JZ Capital PartnersBuyer
Stephen Ross

Stephen Ross

Related Ross

Landlord

$5.2B

vol

51 deals

Landlord
GG
Greenmont GroupLandlord
Michael Kazley

Michael Kazley

Stablecoin Development Corp

Tenant

1 deal

Tenant

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