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SITUATION
- Intech was occupying 50,000 square feet in Palm Beach.
- The building traded multiple times and the landlord was looking to increase rent.
STRATEGY
- Identify options in the CBD where they can maximize their operational efficiencies and lower their real estate costs.
RESULTS
- Identified contiguous floors in a CBD building
- Opportunity to reduce footprint by 50% with ample room to maintain current headcount and accomodate future growth.
- Below market rental rate and favorable terms and generous concessions package secured.
Healthcare Realty South Florida Portfolio
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