Anthony Librizzi, Merritt Etner and Mark L. Pateman were Selected to Lease Triarch Capital Group’s Newly-Acquired ±186,000-Square Foot Office Complex in West Palm Beach
The office leasing team of Anthony Librizzi, Merritt Etner and Mark L. Pateman was selected to lease The Forum by Aventura, FL-based owner Triarch Capital Group, which acquired the buildings earlier this month.
The Forum comprises two 10-story office buildings totaling 185,650 square feet at 1655 (Forum I) and 1665 Palm Beach Lakes Boulevard (Forum II). The buildings, which are currently 93 percent leased, feature an on-site café, on-site property management, 24-hour security and the highest covered parking ratio on Palm Beach Lakes Boulevard at four spaces per 1,000 rentable square feet.
Triarch Capital Group is planning significant capital improvements at The Forum, including state-of-the-art spec suites and improvements to the parking and common areas.
The Forum is situated one-half mile east of Interstate 95 and one block east of the Palm Beach Outlets, a 760,000-square-foot retail center including Starbucks, Whole Foods, Nordstrom Rack, TooJay’s and Brooks Brothers. This location provides convenient access to downtown West Palm Beach, CityPlace, Palm Beach International Airport, the West Palm Beach Tri-Rail station and the West Palm Beach Brightline station.
An adjacent building at 1675 Palm Beach Lakes Boulevard is currently being redeveloped into a 190-room Hilton Garden Inn by Houston Astros owner Jim Crane. The $25 million redevelopment project will convert the former office building into a one-of-a-kind, baseball-themed hotel, located just five miles from the Astros and Washington Nationals’ newly constructed spring training home — the Ballpark of the Palm Beaches. The hotel will likely be used solely by the Astros during spring training and open to the public the rest of the year.
“The Forum represents a tremendous opportunity for office users to locate their operations at one of Palm Beach County’s most dynamic locations,” said Librizzi. “The Forum’s central location, visibility and ease of access from Interstate 95 are ideal for tenants looking to capitalize on all that West Palm Beach has to offer.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.