Market Survey Palm Beach / West Palm Beach
PHILLIPS POINT (EAST & WEST) 777 S FLAGLER DR
PROPERTY INFORMATION Building Type : Class A Year Built: 1985 Renovated Rentable Building Area: 300,000 SF Stories: 20 Submarket: West Palm Beach Ownership: AEWCapital Management under contract with Steven Ross of Related Percent Leased: 96.9%
6
SPACE OVERVIEW
Direct
Sublease
$53.00 NNN $24.25 $77.25
Quoted Rental Rate: 2020 Opex: Total:
$43.00 NNN
with $65.00 - $75.00 work letter
SPACE AVAILABLE 12th Floor (West Tower)
2,935 SF
11th & 12th Floor (East Tower)
±7,000 - 20,476 SF ( sublease)
Full Floor sublease opportunity. Sub-landlord will divide for ±7,000 SF for the full term of the sublease. Space is in shell condition.
NOTES • Class A office development located in the heart of downtown West Palm Beach, Florida. • Sublease space is currently leased by Affiliated Managers Group (AMG) • The entire floor is in shell condition and needs full build out. • Space would offer direct East views.
TENANTS
• • • • •
Akerman
• • • •
Morgan Stanley
AllianceBernstein
Citi Group
Northern Trust Value Investors
Goldam Sachs
Fox Rothschild Holland & Knight
AMG
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