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545 Hibiscus Street

Stephen Ross Of Related Ross Leases 17,250 Square Feet Office To Todd Rodriguez Of Fox Rothschild
LEASEDOffice

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

Stephen Ross

Related Ross

Landlord

$5.2B

vol

48 deals

Landlord
Todd Rodriguez

Todd Rodriguez

Fox Rothschild

Tenant

2 deals

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