Cushman & Wakefield’s John K. Criddle and Joseph J. Freitas Negotiated the ±24,000-Square-Foot Office Sublease
BOCA RATON, FL, October 26, 2017 — Cushman & Wakefield announced today that it has negotiated a 23,630-square-foot office sublease with Integrated Dermatology Group (IDG) at 4700 Exchange Court on the Boca Raton Innovation Campus (BRIC) in Palm Beach County.
Managing Director John K. Criddle and Senior Associate Joseph J. Freitas represented the sublandlord. Michael Feuerman of Berger Commercial represented IDG.
IDG owns, manages and operates dermatology practices throughout the U.S. The Boca Raton-based company acquires and partners with practices with the intent of creating value for independent practices by lowering operational costs and reducing management responsibilities while offering the advantages a large integrated group can provide.
4700 Exchange Court features an executive wing, five executive offices, an executive lounge with restroom, a 14-person executive conference room, 14 staff offices, 84 cubes, a breakroom and storage.
“The BRIC space offered IDG a plug-and-play environment with state-of-the-art finishes in one of Florida’s iconic office parks,” said Criddle. “The space was move-in ready, necessitating very little in the way of down-time and transitional costs for IDG.”
4700 Exchange Court is located within BRIC, a 1.7-million-square-foot office campus developed in 1970 by IBM as its North America Research and Development facility. Next Tier HD acquired the asset in 2015. The park features a triple-redundant fiber synchronous optical networking (SONET) ring, state-of-the-art fitness center, on-site licensed day care, a 250-seat conference center, generous parking, modern interior finishes, 24-hour security, on-site retail, dining and banking and a Tri-Rail shuttle.
BRIC, owned by New York-based investor Next Tier HD, is situated on a 123-acre site providing exceptional access to the thriving city of Boca Raton, excellent exposure along Interstate 95 and a central location in Palm Beach County that is easily accessible from all locations in the South Florida market.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.
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Boca Raton Innovation Campus (BRIC) Photo
John K. Criddle Headshot
Joseph J. Freitas Headshot
