C&W to Lease Recently Sold WPB Office Park

The new owner selected the team of Anthony Librizzi, Merritt Etner and Mark Pateman to market The Forum and revealed plans to upgrade the property.

Aerial view of The Forum
Aerial view of The Forum

Triarch Capital Group has retained Cushman & Wakefield as the exclusive leasing advisor for the Forum, a two-building office complex in West Palm Beach, Fla. The new owner acquired the property totaling 185,650 square feet for $22.5 million earlier this month.

The team of Managing Director Anthony Librizzi, Managing Principal Mark Pateman and Associate Merritt Etner will lead marketing efforts at the property on behalf of the landlord. Triarch Capital Group revealed plans to upgrade the assets, including the addition of spec suites and improvements to the parking and common areas.

Visibility and ease of access

The Forum encompasses two 10-story buildings at 1655 and 1665 Palm Beach Lakes Blvd. Completed in 1973, the property underwent cosmetic renovations in 2006 and 2013, according to Yardi Matrix. The office complex is currently 93 percent leased and features 24-hour security, on-site property management, café and a covered parking ratio of four spaces per 1,000 square feet.

“The Forum represents a tremendous opportunity for office users to locate their operations at one of Palm Beach County’s most dynamic locations,” Librizzi said in a prepared statement. “The Forum’s central location, visibility and ease of access from Interstate 95 are ideal for tenants looking to capitalize on all that West Palm Beach has to offer.”

The property is situated one block east of the Palm Beach Outlets, a 760,000-square-foot retail center that boasts notable brands such as Starbucks, Whole Foods, Nordstrom Rack, TooJay’s and Brooks Brothers. The location provides access to downtown West Palm Beach, CityPlace, Palm Beach International Airport, the West Palm Beach Tri-Rail station and the West Palm Beach Brightline station.

Image courtesy of Cushman & Wakefield