One Park Place
621 NW 53rd St, Boca Raton, FL, 33487-8235, US
22,049 ㎡
Jones Lang Lasalle (“JLL”), has been retained as the exclusive sales representative for echo (the “Property”), a recently repositioned, 71,694 square foot, mixed-use building situated in the heart of West Palm Beach’s coveted downtown. Centrally located at the hard corner of Datura Street and Narcissus Avenue, the Property offers immediate access to an expansive amenity base including dozens of restaurants, shops, and premier multi-family housing. echo’s recent $10.8 million ($151/SF) transformation has positioned the Property to benefit from the Wall Street South movement, attracting significant financial service users such as Stone Point Capital and Sound Point Capital. West Palm Beach is in the throes of a remarkable economic renaissance, with more than 4,000 luxury residential units, 1,000 hotel keys, and nearly 1 million square feet of office in the development pipeline. The Property is currently 80% leased to a curated roster of tenants with a 5-year Weighted Average Lease Term (“WALT”) and a diverse income stream with substantial parking revenue.
echo is an irreplaceable real estate offering that provides an investor the ability to acquire a fully renovated asset with a diversified income stream, limited future capital requirements, and embedded upside potential in one of the world’s most desirable investment markets.