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| Northbridge Pavilion, 515 North Flagler Drive, West Palm Beach, FL |
WEST PALM BEACH, FL – Massachusetts-based S&N Debt
Solutions has selected Northbridge Pavilion as the headquarters location
for a newly formed debt servicing settlement company, inking a 5.5-year lease
for a full floor of class A office space with unobstructed views of the
Intracoastal Waterway.
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| Kirk Fetter |
Occupancy is eyed for early April. The company has leased
the 14,050-sf top floor of the four-story pavilion at 515 N. Flagler Dr., owned
by Dallas-based Gaedeke Group.
Representing the
landlord was Gaedeke vice president Kirk Fetter, who offices in the
Northbridge complex.
"Northbridge Pavilion was the first building we saw. We
toured about a dozen and we circled back to that one," says Shawn
MacLean, COO of S&N and principal broker of BLC Real Estate of Beverly,
Mass.
"The space is
fantastic. I've been in the real estate business for a while and typically it's
not the first space that will win out."
The 41,231-sf pavilion is adjacent to Gaedeke's iconic
247,002-sf Northbridge Centre, a 21-story design known near and far as
the "Darth Vader Building."
The Energy Star-certified project features a five-star
amenity package, including concierge services and valet parking. The pavilion boasts a membership-based,
6,000-sf fitness center on the first floor and inviting outdoor space for
tenants' corporate events and gatherings on the rooftop terrace.
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| Northbridge Center, West Palm Beach, FL |
Northbridge is positioned within the Central Business
District and adjacent to the Palm Beach County Judicial Center – both strong
attractions for headquarters tenants.
The newest one, S&N WPB, will be the
13th company to select the premier property for its headquarters address.
S&N Debt Solutions entered the South Florida market last
December, forming S&N WPB to acquire the debt settlement servicing unit of
AP Processing in West Palm Beach. Since then, the newly formed company has been
operating in roughly 3,000 sf of interim space at 4400 N. Congress Ave.
In the coming months, S&N WPB hopes to start hiring in
Florida. The Northbridge office will be launched with 12 professionals who are
relocating from Massachusetts and another 11 who were retained after the
acquisition. By year's end, the head count could hit 70 employees in sales,
client services, settlement servicing and information technology.
S&N began the site search roughly six months ago amid negotiations
with AP Processing, which was its first acquisition.
The parent company was
formed in July 2011 and now operates in 26 states. Nicole Morgan is president
of S&N and MacLean's wife, Shannon, is vice president.
"Due to rapid growth, S&N is looking forward to
moving into the larger accommodations at Northbridge," MacLean says.
"In the past six months, I reached out to a number of brokers in West Palm
Beach. Kirk's performance and responsiveness have been exemplary."
For a complete copy of the company’s news release, please
contact:
Kirk Fetter, 561-835-0100
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