Cushman & Wakefield Arranges 70,000 SF in Leases at Centrepark in West Palm Beach

March 10, 2020

Cushman & Wakefield Arranges 70,000 SF in Leases at Centrepark in West Palm Beach

Transactions Include New Leases by Pulte Homes, The Weitz Company, and New-to-Market Meritage Homes

 

WEST PALM BEACH, FL, March 9, 2020 – Cushman & Wakefield, as the exclusive leasing advisor, has recently arranged six leases totaling over 70,000 square feet of leases at Centrepark East, a Class A office park in the heart of West Palm Beach.

The Cushman & Wakefield team of Managing Director Anthony Librizzi, Director Tara England, and Managing Principal Mark Pateman represented landlord Colonnade Properties in the following lease negotiations:

Pulte Homes signed a new 17,181-square-foot lease at 1475 Centrepark Blvd. The Atlanta-based home construction company is relocating from 4400 PGA Blvd. and was represented by CBRE’s Jamie Dingemann and Will Portfolio.

The Weitz Company signed a new 11,336-square-foot lease at 1400 Centrepark Blvd. The general contracting and construction company is relocating from another building with Centrepark and was represented by NAI Merin Hunter Codman’s Neil Merin.

Slider Engineering Group signed a new 4,685-square-foot lease at 1450 Centrepark Blvd. The consulting engineers are relocating from another building within Centrepark. Cushman & Wakefield handled the deal directly.

Meritage Homes, a new-to-market tenant, leased a 5,900-square-foot space at 1400 Centrepark Blvd. Cresa’s Dennis Smith represented the Scottsdale, Arizona-based single-family homebuilder.

Conroy Simberg has extended its lease and expanded from 16,886 to 20,773 square feet at 1801 Centrepark Blvd. The civil defense law firm was represented by Robert Banks of Banks Real Estate.

Kelly Kronenberg renewed its 10,718-square-foot lease renewal at 1475 Centrepark Blvd. The business law firm was represented by Equistone’s Tyler Harrison.

Centrepark East is a five-building, Class A office campus comprising Nature’s Way Café, fitness center, garage and surface parking, and planned SkyBike stations.

“These leases are the result of some very creative deal-making on the part of ownership, as well as our team’s ability to manufacture deals and create momentum at Centrepark that is unlike anything we are seeing in any of our other submarkets in Palm Beach County,” said Librizzi. “Centrepark is a fantastic option for companies seeking a Class A suburban building with proximity to downtown, but with more affordable rents than you’ll find in the CBD and outer core.

“West Palm Beach’s airport submarket, similar to other suburban markets in South Florida, is in high demand. Population growth has spurred a particular interest among homebuilders who are attracted to the submarket’s central location and unparalleled access to I-95,” Librizzi added.

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