Stephen Ross Of Related Ross Leases 17,250 Square Feet Office To Todd Rodriguez Of Fox Rothschild
545 Hibiscus Street
Building Size
17,250 SF
Asset Type
Office
Closing
May 18, 2026
AI
The asset involved in this transaction is an office property located at 545 Hibiscus Street, West Palm Beach, FL, encompassing a total of 17,250 square feet. The lease agreement reflects a long-term commitment, being established for a duration of 10 years.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 545 Hibiscus Street
- Market: West Palm Beach, FL
- Lease Terms: 10-year
- Landlord: Stephen Ross - Related Ross
- Tenant: Todd Rodriguez - Fox Rothschild
In this lease transaction, Todd Rodriguez, representing Fox Rothschild, has signed a long-term lease agreement, relocating the firm from the Phillips Point office complex, which is also owned by Related Ross. The property is part of Related Ross’ expansive CityPlace development that totals nearly 1 million square feet and has attracted other significant tenants, including Cleveland Clinic and ServiceNow.
Players
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