Fairway Office Center

Jones Lang LaSalle (“JLL”) has been retained as the exclusive sales advisor for Fairway Center (the “Property”), a boutique 47,818-square-foot office building in the prime Palm Beach Gardens submarket of Palm Beach County. The Property is 97% leased by an established roster of tenants with an impressive 8.7-year weighted average tenant tenure (WATT), demonstrating exceptional stability. Fairway Center has consistently outperformed the PGA corridor micro-market, maintaining 92% average occupancy over the past decade compared to the market’s 90% during the same period.

Institutionally maintained since delivery and recently refreshed, the Property presents an opportunity to grow NOI by 50% over the next five years, primarily driven by significant mark-to-market potential as in-place rents currently average 30% below market rates. Adding to this upside, the Property’s established presence as a medical destination offers distinct business plan optionality, allowing future ownership to capitalize on the sector’s resilient demand. With no new office buildings under construction in the market today, new ownership can continue to grow rates while maintaining a discount to replacement cost rents, which exceed $70/SF NNN.

This offering represents a rare acquisition opportunity in the tightly-held PGA Boulevard corridor, combining defensive cash flow with compelling value creation potential in South Florida’s most resilient office submarket.