DRA Advisors Leases 113000 Square Feet At 645 Park Of Commerce Way In Boca Raton

The property asset involved in this transaction is a 113,000-square-foot lease located at 645 Park of Commerce Way, Boca Raton, within the New Matamoras market. The transaction involves VAS Aero, which has been the occupant of the entire building since 1990. DRA Advisors is the landlord for this property lease, which has recently been renewed for an additional 10 years.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Address: 645 Park of Commerce Way, Boca Raton
• Market: New Matamoras
• Landlord: DRA Advisors
• Tenant: VAS Aero
• Landlord's Rep: Christopher (Chris) Metzger (Cushman & Wakefield), Christopher Thomson (Cushman & Wakefield)
• Square Feet: 113,000

The deal features representation from Cushman & Wakefield, with Christopher Thomson, Richard F. Etner Jr., Chris Metzger, and Matthew G. McAllister acting on behalf of DRA Advisors. VAS Aero, which operates in the aviation services sector and was formerly known as The AGES Group, is based in Boca Raton. The building is part of the 700-acre Park at Broken Sound area, which has seen significant development activity since the rezoning in 2015.