Workspace Property Trust - Boca Raton, FL
777 Yamato Rd Suite 105 Boca Raton, FL 33431 (954) 391-5503
Workspace Property Trust is a privately held commercial real estate company founded in 2015 by Thomas A. Rizk and Roger W. Thomas. The company operates as a vertically integrated owner and operator of suburban office and light industrial properties across the United States. The firm's portfolio consists of approximately 19 million square feet distributed across more than 200 properties in 22 major metropolitan markets, including 14 of the top 20 US metropolitan areas. The company's investment strategy focuses on suburban office, light industrial, R&D, and flex space, positioning itself as a partner for Fortune 1000 companies seeking alternatives to central business district locations. Workspace Property Trust is backed by several investment partners, including Rizk Ventures, Safanad, Oak Hill Advisors, Mason Capital, and funds managed by Rialto Capital Management. The company's initial acquisition in 2015 comprised a $245.3 million portfolio of 2.4 million square feet of suburban office assets in Horsham, Pennsylvania. In 2016, Workspace completed its acquisition of 108 properties for $969 million from Liberty Property Trust, marking a major expansion. In December 2022, Workspace acquired six Class A suburban office buildings totaling one million square feet for $170.4 million from Griffin Realty Trust. Nearly seven million square feet of the portfolio is leased to Fortune 1000 companies.
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