Boca Raton’s newest Class A office building has executed a long-term lease with Hair Club for Men, Ltd., Inc. to be its new anchor tenant.
The global hair restoration and replacement giant will relocate its corporate offices into 23,130 square feet at Palmetto Place @ Boca Raton, which sits at the I-95 interchange on Palmetto Park Road.
The newly reimagined 88,000 square-foot office project, the brainchild of veteran office owners and operators Grover Corlew, is undergoing a multi-million renovation and reposition as an upscale office asset at the gateway to downtown Boca Raton.
“We are so pleased to have a well-respected global company like Hair Club for Men make Palmetto Place @ Boca Raton its headquarters location,” said Partner Mark Corlew. “Our strategic renewal of this well-situated and carefully designed property has garnered overwhelming interest from the business community.”
The office building features a new contemporary sunlit lobby, redesigned bathroom and common areas, and state-of-the-art elevators and mechanical systems. All new tenant packages include high-end interior buildouts, offices with floor-to-ceiling windows, a planned amenity package and access to a 5:1000 structured parking garage.
Darcie Lunsford, senior vice president of Butters Realty & Management, represented the landlord in the transaction. Robert Listokin, executive vice president of Colliers, represented the tenant.
Grover Corlew acquired the existing building at 1499 W. Palmetto Park Road in 2016 for its prime, bird’s-eye location to I-95, Glades Road corridor and downtown Boca Raton with a plan to heavily invest and transform it into a state-of-the-art corporate midrise.
The strategy has paid off attracting top national firms to its growing tenant roster, including Gilbane Building Company, one of the country’s largest privately held companies and tech giant Texas Instruments.
Pompano Beach-based Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S.
For more information on leasing at Palmetto Place @ Boca Raton, contact Darcie Lunsford, Butters Realty & Management at 954.312.2435.
About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeast U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeast U.S.