Pressing care supplier MDNow has signed a 10-year lease for 18,648 sq. ft of workplace house in Palm Seaside Gardens, its new landlord stated Thursday.
MDNow is taking house on the fourth flooring of 4200-4400 Northcorp Parkway, which spans 115,000 sq. ft. The workplace will function the corporate’s new company headquarters
The property is owned by Alchemy-ABR Funding Companions of New York in a three way partnership with Breakers Capital Companions of Miami. Alchemy-ABR Funding Companions stated it is going to make upgrades to the constructing, together with foyer renovations.
MDNow operates greater than 60 pressing care clinics all through Florida, in response to its web site. The fast-growing chain isn’t transferring far. Its earlier headquarters was at 2007 Palm Seaside Lakes Boulevard in West Palm Seaside, company information present.
Trinity Business Group represented MDNow within the lease negotiations. Anthony Librizzi of Cushman & Wakefield represented the owner.
Different tenants at 4200-4400 Northcorp Parkway embody diet agency Backyard of Life and consulting agency Oxford World Assets. The complicated is seen from Interstate 95.
“We’ve maintained an nearly 100% occupancy price since we first acquired 4200-4400 Northcorp Parkway in 2016,” Brian Ray, co-founder and managing accomplice of Alchemy-ABR Funding Companions, stated in an announcement.
Alchemy-ABR acquired the complicated in 2016 for $30 million, in response to property information.
Amongst its different holdings, Alchemy-ABR owns 125 West 57th Road and 211 East forty third Road in Manhattan, The Atrium at Damaged Sound in Boca Raton, and the Bedford Playhouse in Bedford, N.Y.
Jeff Ostrowski may be reached at jostrowski@commercialobserver.com.
