CBRE Named Exclusive Leasing Agent for 355,247 SF Office Portfolio in Boca Raton

CBRE has been named as the exclusive leasing agent for North 40 (N40), a two-building, multi-tenant office portfolio in Boca Raton, Florida.

CBRE’s John Criddle, Joe Freitas, and Max Pawk will lead local marketing and leasing efforts on behalf of the landlord, Mainstreet Capital Partners.

N40 includes one 205,000 -sq.-ft. building at 5201 Congress Ave. and one 150,000-sq.-ft. building at 901 Yamato Rd. in the Park at Broken Sound. The buildings offer horizontal layouts with floor plates ranging from 75,000 sq. ft. to 100,000 sq. ft., providing headquarter opportunities for larger corporate users. Construction is underway on four (4) initial speculative suites at 5201 Congress Ave., ranging from 1,600 sq. ft. up to 2,100 sq. ft., to accommodate tenants looking for move-in-ready space. Additional speculative suites are in the planning stages.

Mainstreet Capital Partners Principal Paul Kilgallon said, “We are excited to have the top office team in Boca Raton representing N40. We feel that along with our recent capital improvements to the property, the new leasing team will continue N40’s leasing success.”

N40 features a tenant lounge with conference rooms, fitness center, and dedicated and/or shared structured parking spaces in the adjacent Ceru Apartments garage.

Situated in a mixed-used corporate park, tenants of N40 benefit from proximity to new luxury residential projects and over 35 restaurants within a one-mile radius, including the recently developed Park Place shopping center, home to tenants such as Fresh Market, Burton’s Bar and Grill, Fresh Kitchen, and Chipotle.

“N40 represents a significant opportunity in Boca Raton’s commercial landscape,” said CBRE Executive Vice President Mr. Criddle. “Its extensive amenities and strategic location in a thriving mixed-use corporate park solidify it as a premier office destination.”