Alchemy-ABR and Breakers Capital Partners Lease Office Space to DePuy Synthes Product, Inc in Palm Beach Gardens
Alchemy-ABR Investment Partners and Breakers Capital Partners have leased office space in Palm Beach Gardens to DePuy Synthes Product, Inc.
Alchemy-ABR Investment Partners and Breakers Capital Partners have leased 9,481 square feet of office space at 4400 Northcorp Parkway in Palm Beach Gardens to DePuy Synthes Product, Inc. The asking rent was $26.5 per square foot. The property is a Class A office building that was built in 2001 and renovated in 2019. It features a modern design, ample parking, and easy access to major highways.
DePuy Synthes Product, Inc is a subsidiary of Johnson & Johnson that specializes in orthopedic and neuro products. The company will use the space for its sales and marketing team.
Gavin Loughlin of Greenberg Traurig and Anthony Librizzi of Cushman & Wakefield represented the landlords, while CBRE represented the tenant. Loughlin and Librizzi are experienced commercial real estate brokers who have worked on numerous high-profile deals in the Palm Beach Gardens area. CBRE is a global commercial real estate services firm that provides a wide range of services to clients around the world.
This deal is a win-win for both the landlords and the tenant. Alchemy-ABR Investment Partners and Breakers Capital Partners have secured a long-term tenant for their property, while DePuy Synthes Product, Inc has found a new home for its sales and marketing team. The Palm Beach Gardens office market is strong, with low vacancy rates and high demand for Class A office space. This deal is a testament to the strength of the market and the attractiveness of the property to tenants.