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319 Belvedere Road

Updated Aug 21, 2026

Tom Davis & Jeremy Lu Group Signs Lease At Belvedere Plaza With Landlord Casey Klein
LEASEDRetail

Tom Davis & Jeremy Lu Group Signs Lease At Belvedere Plaza With Landlord Casey Klein

319 Belvedere Road

$110

$110/SF

Building Size

613 SF

Asset Type

Retail

Closing

Aug 13, 2026

About this deal

AI

The asset involved in the transaction is a retail space located at 319 Belvedere Road in West Palm Beach. The lease covers a square footage of 613 and operates under a Modified Gross Lease structure.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Address: 319 Belvedere Road
  • Market: West Palm Beach
  • Landlord: Casey Klein - Third Frontier Capital
  • Tenant: Tom Davis & Jeremy Lu Group
  • Landlord's Representative: Alfredo Sanchez - Landmark CRA
  • Tenant's Representative: Jeremy Lu - Coldwell Banker
  • Tenant's Attorney: Kirk Grantham, P.A & Stefan Sinn - Grantham Law | Standard Title
  • Lease Type: Modified Gross Lease

The deal features the Tom Davis & Jeremy Lu Group, which has worked in collaboration with the landlord and their broker, signing a lease to relocate their office from suite 7 to suite 5. This transaction marks the group's third ownership transition while celebrating their ninth operational year within Belvedere Plaza. Jeremy Lu serves as the Partner of Residential Sales and Director of Commercial Leases & Sales for the group, which focuses on various real estate transactions across multiple sectors including tenant/landlord representation and acquisition/disposition activities.

Players

Alfredo Sanchez

Landmark CRA

Broker

$26M

vol

2 deals

Broker
Casey Klein

Casey Klein

Third Frontier Capital

Landlord

$356.4M

vol

4 deals

Landlord

Tom Davis & Jeremy Lu Group

@TDJLGroup

Tenant

1 deal

Tenant

West Palm Beach Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Deal FAQ

About $110 per square foot on a published $110 for 613 square feet (2026).

Visit Alfredo Sanchez to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

144209.09%

Cash-on-Cash

-41215.40%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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