Whelchel Partners Signs 50,000 SF In Lease Deals

May 15th, 2014

Whelchel Partners Real Estate Services has secured more than 50,000 square feet of new tenants at the newly renovated 980 N. Federal Hwy., recently renamed 980 CENDYN.

The Boca Raton office building, formerly known as the Compson Financial Center, sold in August 2013 to local investment group Boca East Investments LLC. Whelchel Partners represented the buyer in the acquisition of the 95,000 square foot building.

New anchor tenant Cendyn has recently moved into a full floor at the building, relocating its worldwide headquarters. The new ownership’s managing member, Charles Deyo, is also President and Founder of Cendyn, a full service hotel internet marketing agency.

Cendyn @ SPACES ThirdfloorCendyn Spaces, a modern concept business center and co-working location that allows for business and independent contractors to lease office and meeting space by the hour, the day, the month or the year providing ultimate flexibility.

Extensive renovations have recently been completed at the property, including new exterior façade (completion date August 1, 2014), new restaurant (Meat Eatery & Taproom), new HVAC chiller system, high tech security system, a multipurpose redesigned atrium, robust tenant improvements as well as upgraded common areas. The building incorporates the latest technology innovations including new 1 Gbps fiber link, Cisco Collaboration Infrastructure, CAT 6 cabling, enterprise class Wi-Fi throughout building.

Other new tenants include, R2 Unified Technology, Flagship Solutions, Matteis & Company and the new restaurant M.E.A.T.(Meat Eatery And Taproom), joining existing anchor tenant Wells Fargo.

The lease transactions bring the building from 25% occupied a year ago to over 75% occupied today.

“New ownership has created the infrastructure and environment to support the full spectrum of office users with the ability to offer 10 minute leases or 10 year leases” says Jay Whelchel, Principal of Whelchel Partners Real Estate, pictured above left.

Jay Whelchel and Whelchel President and Broker Kristy W. Hartofilis, pictured left, will remain on the project as leasing company and asset manager.

About Cendyn: Cendyn® is a full-service agency specializing in turnkey solutions that drive bottom line results for the travel and hospitality industries. Cendyn represents 18,000 hotel and travel destinations with clients such as Starwood Hotels & Resorts, Ritz-Carlton Hotel Company, Hyatt Hotels, Hilton Worldwide, Marriott, and other independent properties. For more information, please call 866-625-4518 or visit http://www.cendyn.com

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