Palm Beach County’s leading commercial real estate services firm, NAI/Merin Hunter Codman, Inc. has been retained by local investor, Belvedere Acquisition, LLC, to oversee the renovation and rebranding of Palm Beach International Plaza, a 111,000-square- foot office complex strategically located across from the Palm Beach International Airport in West Palm Beach. In July of 2017, Belvedere Acquisition, LLC purchased the property from 1601 Belvedere Road Holdings, who had held the property on behalf of a CMBS trust.
NAI/Merin Hunter Codman has been retained to oversee leasing, property management and construction management of the property. Renovation plans include repainting of the towers, main entrance upgrades, enhanced lighting, fresh landscaping, a lobby makeover and new digital tenant directories. NAI/Merin Hunter Codman will be offering a variety of suites from 1,200 to 45,000 square feet, including several move-in ready spec suites, as well as efficient and flexible large blocks of customizable space.
Principal, Jason L. Sundook, SIOR and NAI/Merin Hunter Codman’s newest Commercial Associate, Christopher T. Smith will be leasing the property. “The momentum and pre-upgrade leasing has been tremendous! The complex improvements coupled with the recent announcement of a significant renovation of the adjacent Embassy Suites’ hotel which will be offering complimentary and discounted hotel amenities to Palm Beach International Plaza’s tenants have resulted in a wave of tours and leasing activity,” touted Sundook.
“Taking a local area diamond in the rough, upgrading and repositioning it to increase asset value for our clients and investors is at the core of what we do at NAI/Merin Hunter Codman,” stated Jordan Paul, CEO of NAI/Merin Hunter Codman. “We are very excited about the potential of Palm Beach International Plaza.”
Palm Beach International Plaza offers a fully updated and modern central West Palm Beach location for professional office tenants seeking Palm Beach International Airport and I-95 convenience, along with the extra amenities offered by the adjoining Embassy Suites Hotel.