Accounting agency Ellrich, Neal, Smith & Stohlman is relocating and increasing its headquarters in Palm Seashore Gardens, Fla.
The corporate signed a 10-year lease for 10,500 sq. ft at 3300 PGA Boulevard, in line with CBRE, which represented the property house owners.
The brand new workplace, which is slated to open in March, marks a 33 % growth. The agency is now housed at 11025 RCA Middle Drive, the place it occupies 7,850 sq. ft.
Solely a mile west from the present base, the seven-story 3300 PGA is a part of Backyard Plaza at PGA, a two-building workplace advanced that totals 92,169 sq. ft. The property, which is 91 % leased, sits alongside Palm Seashore Gardens’ predominant artery, throughout the road from the indoor Gardens Mall.
The landlords, ABS and Nationwide Enterprise Parks, paid $30.5 million final yr for the places of work, in line with property information. The property is now present process a “full capital enchancment program,” a draw for the brand new tenant, who was on the lookout for a modernized workplace, per CBRE.
The revamp contains elevator upgrades, foyer renovations, a redesign of the principle entrance and new carports.
Based in 1988, Ellrich Neal, Smith & Stohlman supplies tax, accounting and wealth administration providers. The agency has further places of work in Orlando and Miami.
Steve Paige of Reichel Realty & Investments, who represented the tenant, didn’t instantly reply to a request for remark. CBRE’s Kevin Probel and Kevin McCarthy represented the landlords.
Julia Echikson will be reached at jechikson@commercialobserver.com.
