Ingrid Fulmer Represents Boston Proper in Major Leasing Transaction
Coldwell Banker Commercial NRT’s Ingrid Fulmer Represents Boston Proper in Major Leasing Transaction
Boca Raton, FL (November 11, 2013) – Ingrid Fulmer, Executive Vice President of Office Leasing for Coldwell Banker Commercial represented Boston Proper, Inc. in leasing a 65,000 square-foot building located at 1155 Broken Sound Parkway in Boca Raton. The landlord is KTR Capital Partners.
The building will be the Boston Proper’s new corporate headquarters in Boca Raton. Boston Proper is a leading retailer of women’s high-end apparel and accessories and is a division of Chicos FAS. The company will be relocating in early 2014.
According to Fulmer, “Although the Palm Beach County office vacancy rate is still hovering around 24 percent and most activity is lateral movement by existing corporations, I am encouraged by the amount of tenants who are expanding their businesses and committing to long-term leases.”
This is further supported by the fact that Fulmer has represented either the tenant or the landlord in 63 lease transactions representing over $25 million in lease values in 2013. Other notable leases signed were with D.R. Horton, Inc. Brinkley Morgan, PA, Jonathan Brooks, PA, Renaissance Health Publishing and American Friends of Magen David Adom.
“There appears to be a renewed confidence in the market,” said Fulmer. “I am optimistic that with the addition of one or two major corporate headquarter relocations which are being courted by Palm Beach County; the office market could firm up very quickly.”
Ingrid Fulmer is a commercial real estate expert with over 30 years of experience in commercial office leasing, tenant representation and investment sales. Fulmer has represented both landlords and tenants in over 18,600,000 square feet of property negotiations representing over $2.2 billion in real estate transactions.
Coldwell Banker Commercial NRT is the 12th largest corporate-owned commercial real estate brokerage in the nation and the commercial real estate brokerage division of NRT LLC, a subsidiary of Realogy Corporation. Coldwell Banker Commercial NRT operates in 21 states and provides commercial real estate solutions serving the needs of owners and occupiers in the leasing, acquisition, disposition, structured finance and management of all property types. For additional information, visit www.cbcworldwide.com.
Posted on January 28, 2014 in Blog