The following Lease transactions were completed at Nassau Square, a Publix and Dollar Tree anchored shopping center in Lake Worth, Florida which is located just east of the Florida Turnpike on Lake Worth Road.
The Brass Monkey Sports Bar & Grill renewed their 4,100 sf restaurant lease for 5 years valued at $250,000.
Publix renewed their 40,000 sf lease at Nassau Square for 10 years valued at over $1,000,000.
McDonalds Corp. signed a ground lease at Nassau Square for 20 years valued at over $2,000,000.
Metro Lumber and Hardware leased 45,000 sf valued over $1,000,000 for 5 years.
The project is slated for a total renovation later this year which will be managed by Reichel Realty & Investments, Inc.
Bill Reichel, President and Jim Tornabene, Sr. Associate handled these transactions. The Center is now 85% leased.
The following lease transactions were completed at Mercantile Industrial Complex in Pt. St. Lucie, Florida:
Tuledo Design Leased 2,020 sf for 1 year valued at $15,000.
Southern Underground leased 2,020 sf for 1 year valued at $15,000.
Nes Cyro leased 2,020 sf for 1 year valued at $15,000.
R&H Fitness leased 1,350 sf for 1 year valued at $10,000.
Bagel Brothers of New York leased 1,344 for 3 years valued at $25,000.
Southern Underground leased 2,020 sf for 1 year valued at $15,000.
California Closets leased 2,000 sf for 1 year valued at $15,000.
Jim Tornabene, Sr. Broker Associate handled these leases. Reichel Realty & Investments, Inc. exclusively leases and manages the project
At Sandalfoot Plaza, a Western Beef and Family Dollar anchored shopping center located on 441 in Boca Raton, Florida the following lease transactions occurred.
Gator Insurance leased a 900 sf for 5 years valued at $75,000.
Mike Goffred leased a 975 sf for 1 year valued at $15,000.
Costamar leased 900 sf for 2 years valued at $82,000.
Infinity Intervention leased 1,500 sf for 1 year valued at $38,000.
PC Wizards leased 850 sf for 1 year valued at $15,000.
LTD America leased 1,200 sf for 1 year valued at $18,000.
JEM Insurance leased 1,200 sf for 1 year valued at $20,000.
R&A Catering leased 1,200 sf for 5 years valued at $140,000.
Treatment Center leased 1,800 sf for 5 years valued at $150,000.
Mayed Care leased 1,350 sf for 5 years valued at $110,000.
T.C. Lounge leased 2,700 sf for 5 years valued at $170,000.
Dan Casey, Vice President Sr. Broker handled these transactions. Sandalfoot is 94% leased and is exclusively leased and managed by Reichel Realty & Investments, Inc.
Lake Park Mitsubishi leased a 9,000 sf auto dealership property at 572 Northlake Blvd. in Lake Park, Florida for 5 years. The lease is valued at $1,000,000. Bill Reichel, President handled the transaction and represented the Owner, R&R Northlake LLLC.
The Weiss Group leased 18,500 sf office building located at 4400 Northcorp Parkway in Palm Beach Gardens, Florida for 7 years. The lease is valued at $2,500,000. Bill Reichel, President handled the transaction. Reichel Realty exclusively represented the Tenant.
Scott Harris Law Firm leased 5,700 sf at 4400 PGA Blvd. in Palm Beach Gardens, Florida. The 5 year, 5,700 sf lease is valued at $775,000. Kerry Jackson, V.P. Sr. Broker handled the lease. Reichel Realty exclusively represented the Tenant.
Braman Motor Cars renewed their lease for 4,500 sf at 3160 Shawnee Avenue in West Palm Beach, Florida for 2 years valued at $150,000. Bill Reichel, President handled the lease and exclusively represented the Landlord.
Dr. Vid Andre leased 2,400 sf at 1497 Forest Hill Blvd in West Palm Beach, Florida for 10 years for his medical practice. The office lease is valued at $450,000. Jim Tornabene, Sr. Broker Associated handled the lease. Reichel Realty exclusively represented the Landlord.
Davita Kidney Dialyses Center renewed their 5,200 sf lease at 2611 Poinsettia Ave. in West Palm Beach, Florida for 5 years. The renewal is valued at $500,000. Bill Reichel, President handled the extension. Reichel Realty exclusively handles the leasing and management at the project.
Burger Fi Restaurant leased 3,200 sf at Wellington Plaza in Wellington, Florida. The 10 year lease is valued at $1,100,000. Bill Reichel, President and Jim Tornabene, Sr. Associate handled this transaction and represented Burger Fi.