1st United Bank Doubles Office Space at 1700 Palm Beach Lakes Blvd.
15 Feb, 2011, West Palm Beach
Cushman & Wakefield announced today that 1st United Bank has signed a long-term lease to double its office space at 1700 Palm Beach Lakes Blvd. in West Palm Beach.
1st United Bank expanded its offices by 13,689 square feet, bringing its total occupancy at the class-A building to 27,842 square feet.
Cushman & Wakefield's Mark Pateman represented the building's ownership, Mainstreet Capital Partners/DRA Advisors, in marketing the available space and in lease negotiations with 1st United Bank.
"With numerous availabilities throughout Palm Beach County, 1st United Bank's decision to expand its operations at 1700 Palm Beach Lakes Blvd. is a testament to the quality of this location and the sophisticated and accommodating ownership of the building," said Mr. Pateman, an associate director at Cushman & Wakefield.
Built in 1987, 1700 Palm Beach Lakes Blvd. is an 11-story office building, totaling 113,000 square feet. Located on the southwest corner of Palm Beach Lakes Boulevard and Congress Avenue, it offers easy access to the area's major thoroughfares and Palm Beach International Airport, as well as the Palm Beach Mall, suburban West Palm Beach and numerous restaurants, hotels and shopping. In addition to 1st United Bank, major tenants in the building include Uniters North America and the Walton Lantaff law firm.
1st United Bank is headquartered in Boca Raton, with bank locations throughout Palm Beach, Broward, Miami-Dade, Indian River and Brevard Counties.
1st United Bank was represented by Susan Thomas of Touchstone Webb Realty.