A Florida Chapter CCIM is a leader in a Cushman & Wakefield team selected as the exclusive leasing advisor for 625 North Flagler, a 108,482-square-foot waterfront office tower in downtown West Palm Beach. The 11-story, Class A property has full-floor suites available for custom build-out as well as spec suites ready for immediate occupancy.
FRI Investors and 625 Flagler Acquisition, LLC retained the Cushman & Wakefield team of Michael Feldman, CCIM, Director, and Mark Pateman, Esq., SIOR, Managing Principal, to market the property for lease. Feldman is a member of the Florida Chapter’s East Coast District.
Extensive renovations are nearing completion and include updates to the lobby, common areas and the renovation of the attached four-story parking garage. Starting at $26 per square foot, lease rates are considered the most competitive in downtown West Palm Beach for Class A space.
Availabilities range from 1,600 to 47,000 square feet, and the property can accommodate both traditional office and medical users. Many suites offer water views of the Intracoastal, Atlantic Ocean and Palm Beach Island. Amenities include valet parking, high-speed fiber internet access and on-site management and security.
Notable tenants include Jupiter Medical Urgent Care, Becker Poliakoff, Mount Sinai New York, and the new, 10,000-square-foot Ultima Fitness, which is set to open in April.
The office tower is situated at 625 N. Flagler Drive at the base of the Flagler Memorial Bridge, which provides direct access to Palm Beach Island. The location offers exceptional walkability, with the Palm Beach Yacht Club, Butcher Shop Beer Garden & Grill and the Mediterranean Market & Deli within close walking distance. A variety of restaurants, shops and nightlife destinations are also nearby along the popular Clematis Street. The property is close to the new Brightline high-speed rail station and is just 10 minutes from Palm Beach International Airport.
“With its stunning views, unbeatable location and new renovations, 625 North Flagler is perfectly positioned for tenants seeking to be a part of new urban experience in the booming Flagler Financial District,” said Feldman. “The ability to build out an entire floor with 270-degree water views is a rare opportunity. 625 is a great choice for firms seeking a first-class office environment with compelling economics.”
The property is owned by 625 Flagler Acquisition, LLC, a partnership between Thomas C. Quick of Palm Beach, Leslie C. Quick of Bernardsville, New Jersey, and FRI Investors. FRI is a Palm Beach-based commercial real estate company with a growing portfolio in Palm Beach County and several other mid-sized markets throughout the Southeast.