Done Deals: BH Group and PEBB Enterprises Sign Long-Term Lease Extension with ODP Corp. at 6600 North Military Trail in Boca Raton, FL

Eric Hochman

BOCA RATON, FL –– BH Group and PEBB Enterprises continue to generate momentum at 6600 North Military Trail in Boca Raton.

The joint venture completed a significant office lease transaction, with anchor tenant ODP Corp. signing a long-term lease extension at the property.

ODP Corp.’s amended lease ensures that the company’s global headquarters will remain in Boca Raton at 6600 North Military Trail until at least 2033.

It is further consolidating space and will now occupy the entire 214,684-square-foot of leasable area within the central tower after previously leasing space spread out across the three towers.

BH Group, PEBB and Related Group are proposing a mixed-use redevelopment to replace the southern office tower with 500 multifamily units to wrap around the southern parking garage and overlook the Old Course at Broken Sound golf course.

Isaac Toledano

“Corporate office tenants are quickly catching on to the unique appeal of 6600 North Military Trail,” PEBB Chief Investment Officer Eric Hochman said. “Our extensive capital improvements plan for the property will only increase interest in the available office space. We are thrilled that ODP Corp. will continue to operate its corporate headquarters at the property for the foreseeable future.”

“In a changing office sector, tenants want to be in dynamic mixed-use environments,” Isaac Toledano of BH Group said. “We are poised to create a true town center for the area and bring Boca Raton new high-quality residences.”

CONTACT:

Daniel Benjamin

Account Director

dbenjamin@boardroompr.com

C 954-618-8287

O 954-370-8999

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