Boca Raton Business Center Lands 16 KSF Tenant

The new tenant agreed to relocate to the first phase of Lynn Financial Center, an 85,000-square-foot office building situated in the city’s business corridor.
Lynn Financial Center, 1905 NW Corporate Blvd.
Lynn Financial Center, 1905 NW Corporate Blvd.

Avison Young arranged a new lease at a Class A office building within Lynn Financial Center, a 209,911-square-foot campus in Boca Raton, Fla. Law firm Broad and Cassel is relocating from Boca Corporate Center and will occupy 16,000 square feet at their new location.

Lynn Financial Center encompasses three buildings developed in two phases, between 2007 and 2009. The campus is LEED Gold-certified and features column-free office space, building and monument signage opportunities, a 91-space auditorium and on-site shuttle service to the Boca Raton Tri-Rail Station. The tenant has agreed to lease space at 1905 NW Corporate Blvd., the first phase of Lynn Financial Center totaling 85,000 square feet.

“For more than three decades, Broad and Cassel has had a presence in Boca Raton. Our relocation within the mid-town Boca area positions us well for future growth opportunities,” Broad and Cassel Partner Jim Wheeler said in a prepared statement.

Central position

Avison Young Principals Greg Martin and Keith O’Donnell worked on behalf of the landlord in the lease negotiations. According to Yardi Matrix, LFC Development acquired the first phase of Lynn Financial Center in March 2015 for $17.7 million.

“Boca Raton continues to be a robust suburban market with positive net absorption driven by above-average leasing activity,” said Martin. “The quality tenants in the market, in addition to Broad and Cassel, are seeking quality projects that provide additional amenities and services to bolster their operations.”

The office center is positioned in the city’s business corridor, just minutes from Boca Raton’s Executive Airport, numerous restaurants, shopping and entertainment venues. The central location provides easy access to Interstate 95 and Florida’s Turnpike.

Image courtesy of Avison Young