BOCA RATON (September 26) – Professional Bank has signed a lease for a 2,359-square-foot branch on Federal Highway in the 980 Cendyn building, landlord representative Whelchel Partners Real Estate Services announced today.
Signed on May 15, the lease brings the 95,000-square-foot building to 98 percent occupancy, leaving only one small, highly desirable space available. With an innovative atrium design that engages tenants, 980 Cendyn has been a big success.
The building, at 980 N. Federal Hwy., is the headquarters of Whelchel Partners, Cendyn, Trilogy Education Services, R2 Unified Technology, Flagship Solutions, United Capital, and Cendyn Spaces, as well as Brickel & Company and Rip Kurrent.
“The Professional Bank lease adds an elevated level of service to the building and the community as a whole,” said Jay Whelchel, Principal at Whelchel Partners. “This lease augments our diverse portfolio of tenants that includes Cendyn Spaces, M.E.A.T. Eatery & Tap Room, Amzak Capital Management, Trilogy Education Services, United Capital, R2 Unified Technology, Cendyn, and many more.”
Whelchel Partners represented the landlord, Boca East Investments. CBRE represented Professional Bank.
Professional Bank takes over the Wells Fargo retail banking space, which was locked up since 1985. With the build-out now underway, the branch will open in December.
“We at Professional Bank have a large and growing client base in Boca Raton, so it is a natural response to open a branch here,” said Daniel R. Sheehan, Chairman of the Board, Professional Bank. “This location and building will allow us to further offer our clients the level of service they’ve come to expect from us. We know that Mandi Friedman will do a great job leading this area as she is part of the Boca community and understands firsthand the needs of our clients.”
Leading co-working space provider Cendyn Spaces also expanded its footprint to a total of 15,000 square feet with the recent addition of 7,700 square feet.
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About Whelchel Partners Real Estate Services
Whelchel Partners Real Estate Services was co-founded by the brother and sister partnership of Jay Whelchel and Kristy Whelchel Hartofilis in the fall of 2010. Whelchel specializes in leasing, sales and other commercial real estate services. A healthy mix of cutting edge-technology, grass-roots prospecting, and in-depth research are key aspects to their marketing strategy, which has generated over one million square feet of commercial transaction activity across Palm Beach County.