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| Phillips Point, West Palm Beach, FL |
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| Mark Pateman |
West Palm Beach, FL, Sept 23, 2013 - Within weeks of signing their largest new
lease to date at West Palm Beach’s Phillips Point, Taylor & Mathis
has secured 43,000 square feet of renewals at the office property.
Morgan Stanley, one of the building’s longest term tenants,
signed a 30,000 square foot renewal.
The 12-year, $20 million dollar deal was co-brokered by Chris
Constant and Mark Pateman of Cushman & Wakefield.
That deal was quickly followed by a 10-year, 13,000 square
foot renewal of Northern Trust Bank.
Early last year, Gunster, one of West Palm Beach’s oldest law firms,
signed a long term renewal for over 50,000 square feet at the property. With
over 100,000 square feet of leases signed this year, Phillips Point is now at
95% occupancy.
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| Brian Gale |
“Both of these
tenants conducted extensive due diligence during their search for office space
before signing leases at Phillips Point,” stated Taylor & Mathis’
Principal, Brian Gale. “Phillips
Point, with its timeless finishes and views unlike any other office building in
the market, beat out the shiny new office building being proposed – Related’s
Gateway Tower.”
Within the last
month Taylor & Mathis secured a 40,000 square foot new lease with Akerman
Senterfitt. In July Taylor & Mathis
announced the signing of two firms to 25,516 square feet of leases. Global Capital Econometrix, LLC leased the
building’s entire 18th floor of 14,516 square feet and BMO Harris Bank, a
tenant at the building since 1997, signed a 10,000 square foot renewal.
The location
provides seamless access to Palm Beach Island, directly across from the
entrance to the Royal Palm Bridge, with Ocean and Intracoastal Waterway views
from all sides.
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| Chris Constant |
The building is home to internationally recognized tenants
including, Gunster, Squire Sanders, Goldman Sachs and Greenberg Taurig. Among the complex’s amenities are banking,
valet parking, concierge, Morton’s Steakhouse, The Phillips Point Club (a
penthouse level dining club), café and sundry shop, 24-hour manned security and
on-site dining.
For a complete copy of the company’s news
release, please contact:
Brian Gale
(305)476-8880
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