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Press Releases

KBS Signs Nearly 30,000 Square Feet in Leases at Financial Center at the Gardens

  • November 26, 2018
Press Releases

KBS Signs Nearly 30,000 Square Feet in Leases at Financial Center at the Gardens

  • November 26, 2018
PALM BEACH GARDENS, Fla. (Nov. 26, 2018) – KBS based in Newport Beach, California, announced today the signing of 28,301 square feet in leases at Financial Center at the Gardens in Palm Beach, Florida. Existing tenant and global investment bank, RBC Wealth Management, renewed and expanded their leases while Convergence Investment Partners, a manager of long-short equity strategies, Ballentine Partners, LLC, independent investment and wealth management firm, and Linmar Food Groups, LLC. signed new leases at the property.

The Financial Center at the Gardens is a premier office building centered in North Palm Beach County. The 10-story, Class A building offers 188,950 rentable square feet, and features a spacious atrium, renovated lobbies and common areas. Onsite amenities at the property include a tenant lounge, café and wine bar, structured parking and manned security.

The property is conveniently located just one block from I-95 along the PGA Boulevard, immediately connecting tenants to the major east-west route in the city. The surrounding area provides a true live-work-play environment as the property is directly across from Downtown at the Gardens that offers 50 unique stores and restaurants.

“Financial Center at the Gardens is the home to many high-quality tenants,” said Allen Aldridge, senior vice president for KBS and asset manager for the property. “We look forward to supporting our new tenants while maintaining and strengthening our relationship with existing ones.”

Kevin Landers of Cushman & Wakefield represented RBC Wealth Management, Christopher Smith of NAI/Merin Hunter Codman represented Convergence Investment Partners, Kevin Probel and Kevin McCarthy of CBRE represented Ballentine Partners, LLC, and Tara England and Mark Pateman of Cushman & Wakefield represented KBS in the transactions.

Media Contact

Ginny Walker

KBS PR Manager
949-417-6535
gwalker@kbs.com

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Underwriting the Perceived Instability of Short-Term Office Leases

  • February 16, 2021
The threat of shorter office lease terms has been looming over the commercial real estate industry for several years. Companies first braced for the potential impact of new standards from the International Accounting Standards Board (IASB) recognizing all leases on the balance sheet, which took effect in January 2019. Then, the office leasing world was hit with additional challenges from COVID-19 as many companies opted to work from home and re-evaluated the role of their physical office space.
Industry Trends Insights

Envisioning the Future of the Built Environment

  • January 29, 2021
Amidst the ongoing crisis, built environments are at the front lines of change and will play a huge role in creating a more resilient world going forward. Office architects are re-envisioning the future of the workplace—where and how we work. Unfortunately, there is no crystal ball to predict exactly what the new future-oriented office will look like, but what we do know is flexibility and adaptability will be key in resilient design.
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Why Texas is becoming a commercial real estate powerhouse

  • January 21, 2021
It looks like 2021 will be another big year for Texas, a year when a lot of major companies will make the jump and move to the Lone Star state. Just look at these transitions:
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