CBRE Closes Northwest FL Office Lease

The new-to-market tenant agreed to occupy roughly 50 percent of the second floor at Tyndall Federal Credit Union’s Operations Center in Panama City, bringing roughly 100 jobs to the market.
Tyndall Federal Credit Union Operations Center

CBRE has arranged a 15,758-square-foot office lease on behalf of Revint Solutions at Tyndall Federal Credit Union’s Operations Center in Panama City, Fla. The new-to-market tenant plans to move into the space in December.

Located at 3109 Minnesota Ave., the 106,000-square-foot property was completed in 2005. The Operations Center is easily accessible due to its central location in the city and is within walking distance of the Panama City Mall and several dining and shopping venues.

Revint Solutions, a revenue recovery and consulting services provider for healthcare organizations, will occupy almost 50 percent of the facility’s second floor. Approximately 15,000 square feet of space is still available for lease, as the landlord does not use the second level for credit union operations.

CBRE Vice President Tom Watson, based in the company’s Northwest Florida office, represented Tyndall in the lease negotiations. Watson provides advisory and transactions services to clients across Florida’s Panhandle region. In early 2018, another CBRE team assisted Federated Holding Co. in a 16,293-square-foot expansion and lease term extension at Sawgrass International Corporate Park in Sunrise, Fla.

“Aside from being one of the largest new, private sector office deals for Panama City in several years, Revint Solutions is establishing operations in the market and bringing approximately 100 new jobs to the area. This is a great overall win for our community,” Watson said in a prepared statement. 

Image courtesy of Yardi Matrix