Monday, December 5, 2011

Northbridge Centre in West Palm Beach, FL Earns High-Profile Nods in Year-End Leasing Rally

  

 WEST PALM BEACH, FL. – In an end-of-the-year leasing rally, Gaedeke Group LLC has secured four new tenants, including two hotly pursued, high-profile firms, for the 288,233-sf Northbridge Centre (top left photo) in downtown West Palm Beach.

The prestigious accounting firm, Nowlen, Holt & Miner, P.A., has delivered a market coup for Gaedeke – selecting Northbridge Centre for its first relocation in its 50-year history. The firm has signed a 5,682-sf lease with an 8.5-year term for the 17th floor of the 21-story, class A high rise at 515 N. Flagler Dr.

Nowlen, Holt & Miner intends to relocate Feb. 1 from 215 Fifth St., a three-story building right across the street from Northbridge Centre and one in which it had an ownership stake until a few years ago.

"This is actually the first time we've seriously considered leaving our location," says Edward T. Holt, managing partner. "We were in this building when Northbridge Centre was built. We've had clients in Northbridge Centre and it was a good experience. Everyone is looking forward to it."

Northbridge Centre is situated within walking distance of restaurants, retail and clients, a factor that weighed heavily on Nowlen, Holt & Miner's decision as did the high rise's impressive list of professional tenants, according to Holt. Nearly a dozen buildings were evaluated, but he says leaving the downtown wasn't an option.

Bo Paty with Navarro Lowery Inc. represented Nowlen, Holt & Miner in the talks with Dallas-based Gaedeke Group's vice president of leasing, Kirk Fetter (middle right photo).

Nowlen, Holt & Miner's lease fills the balance of Northbridge Centre's 17th floor. The lease calls for a brand-new build-out in space with premium views of the Intracoastal Waterway and Atlantic Ocean.

In a second high-profile win, Gaedeke has secured an eight-year lease with the statewide law firm of Miller, Kagan, Rodriguez & Silver. The 50-year-old firm has leased 3,180 sf on Northbridge Centre's 14th floor, also getting water views and a full office build-out for its West Palm Beach team. C. Todd Everett (middle left photo), managing director of MAI Merin Hunter Codman, represented the firm, which has seven offices in Florida's key markets.

Miller, Kagan, Rodriguez & Silver, moving from One Clearlake Centre, is planning a March 1 move-in at Northbridge Centre as are International Assets Advisory LLC  and Harbor View Lending LLC. In direct deals, Fetter has signed IAA and Harbor View to 3,757 sf on the eighth floor and 1,733 sf on the third floor, respectively.

Orlando-based International Assets Advisory LLC has picked Northbridge Centre to open a new branch office, managed by Robert Natiss, regional vice president. The firm's 13 remaining offices are operated by independent brokers in California, New Jersey, New York, North Dakota, South Carolina and its home state.  International Assets Advisory LLC, members of FINRA/SIPC, is a full-service stock brokerage firm.

The Energy Star-certified Northbridge Centre's well-rounded amenity base is an integral part of its drawing power. The property features a four-story pavilion with a landscaped rooftop terrace, on-site banking, sundry shop and deli, parking garage and valet parking. 

Contact: KIRK FETTER, 561-515-7407

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