Stephen Ross Of Related Ross Leases 30,000 Square Feet Retail Space To Rebecca Ginns Of Perigold In West Palm Beach
700 South Rosemary Avenue
Building Size
30,000 SF
Asset Type
Retail
Closing
Oct 16, 2025
About this deal
AI
Located at 700 South Rosemary Avenue in West Palm Beach, this retail asset spans 30,000 square feet. The property has recently been leased by a well-known brand in the luxury home retail sector.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not disclosed
- Lease Size: 30,000 SF
- Address: 700 South Rosemary Avenue
- Market: West Palm Beach
- Landlord: Stephen Ross - Related Ross
- Tenant: Rebecca Ginns - Perigold
Perigold has established its second brick-and-mortar store through this lease, marking an expansion of its footprint in the luxury home retail market following its debut in Houston. The showroom is designed to enhance the shopping experience for South Florida’s design community, featuring a variety of designer brands and specialized displays.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93