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
West Palm Beach Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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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