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Professional Centre at the Gardens 4 biens • Bureau • Palm Beach Gardens, FL
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Faits saillants de l'investissement
- Premier “main & main” Location with immediate access to PGA Boulevard, I-95, Florida’s Turnpike, and adjacency to Legacy Place and The Gardens Mall.
- Embedded mark-to-market upside of approximately 15% below market rents, providing a clear and achievable path to near-term NOI growth.
- Functional, efficient, and well-maintained asset, featuring impact glass, low loss factor design, separately metered electric.
- Stable in-place cash flow at 92.25% occupancy, supported by a diversified tenant base and institutionally maintained Class A office product.
- Strong submarket tailwinds driven by ongoing amenity expansion, including the planned Forbes redevelopment of former Sears site (~200K SF of retail).
Résumé de l'annonce
On behalf of ownership, the Colliers | Rubin Schauer Investment Sales Team is pleased to present for sale the Professional Centre at the Gardens (the “Property”), located at 11601–11641 Kew Gardens Avenue in the heart of Palm Beach Gardens, Florida. The Class A office Property is currently 92.25% leased and offers stable in-place cash flow supported by a well-maintained, institutionally managed asset with a diversified base of medical and traditional office tenants.
The Property benefits from irreplaceable proximity to the region’s dominant retail and lifestyle amenities, including Legacy Place and The Gardens Mall, as well as immediate access to PGA Boulevard, I-95, and Florida’s Turnpike. This central location continues to serve as a primary driver of tenant demand, particularly for credit tenants seeking high-quality suburban office environments with strong amenity access. The planned redevelopment of the adjacent former Sears site by Forbes, including about 200,000 square feet of new retail, further reinforces the long-term strength and evolution of the surrounding trade area.
Institutionally maintained and functionally efficient, the Property features a limited loss factor, impact glass construction, and separately metered electric systems, supporting strong operational performance.
Recent capital improvements include TPO roof replacements completed between 2015 and 2017 (with a 2025 inspection confirming no issues), ongoing HVAC replacement cycles, elevator systems with remaining useful life, and a full exterior repaint completed in 2024. A primary value driver is the meaningful mark-to-market opportunity, with in-place rents estimated to be approximately 15% below current market levels, complemented by additional upside from remaining vacancy. This creates a direct and achievable path to near-term NOI growth under new ownership, supported by continued flight-to-quality demand in well-located Class A suburban assets.
Professional Centre at the Gardens represents a rare opportunity to acquire a highly functional, institutionally maintained office asset in a premier Palm Beach Gardens location, combining durable in-place income with a compelling and executable rent growth story in one of the region’s most desirable office corridors.
The Property benefits from irreplaceable proximity to the region’s dominant retail and lifestyle amenities, including Legacy Place and The Gardens Mall, as well as immediate access to PGA Boulevard, I-95, and Florida’s Turnpike. This central location continues to serve as a primary driver of tenant demand, particularly for credit tenants seeking high-quality suburban office environments with strong amenity access. The planned redevelopment of the adjacent former Sears site by Forbes, including about 200,000 square feet of new retail, further reinforces the long-term strength and evolution of the surrounding trade area.
Institutionally maintained and functionally efficient, the Property features a limited loss factor, impact glass construction, and separately metered electric systems, supporting strong operational performance.
Recent capital improvements include TPO roof replacements completed between 2015 and 2017 (with a 2025 inspection confirming no issues), ongoing HVAC replacement cycles, elevator systems with remaining useful life, and a full exterior repaint completed in 2024. A primary value driver is the meaningful mark-to-market opportunity, with in-place rents estimated to be approximately 15% below current market levels, complemented by additional upside from remaining vacancy. This creates a direct and achievable path to near-term NOI growth under new ownership, supported by continued flight-to-quality demand in well-located Class A suburban assets.
Professional Centre at the Gardens represents a rare opportunity to acquire a highly functional, institutionally maintained office asset in a premier Palm Beach Gardens location, combining durable in-place income with a compelling and executable rent growth story in one of the region’s most desirable office corridors.
Faits sur la propriété
| Type de vente | Investissement | Individuellement en vente | 0 |
| Statut | Actif | Taille totale du bâtiment | 86 348 pi² |
| Nombre de propriétés | 4 | Superficie totale du terrain | 22,56 AC |
| Type de vente | Investissement |
| Statut | Actif |
| Nombre de propriétés | 4 |
| Individuellement en vente | 0 |
| Taille totale du bâtiment | 86 348 pi² |
| Superficie totale du terrain | 22,56 AC |
Propriétés
| Nom de la propriété/adresse | Type de propriété | Taille | Année de construction | Prix individuel |
|---|---|---|---|---|
|
Professional Centre at the Gardens
11601 Kew Gardens Ave, Palm Beach Gardens, FL 33410 |
Bureau | 21 587 pi² | 2001 | - |
|
Professional Centre at the Gardens
11621 Kew Gardens Ave, Palm Beach Gardens, FL 33410 |
Bureau | 21 587 pi² | 2001 | - |
|
Professional Centre at the Gardens
11631 Kew Gardens Ave, Palm Beach Gardens, FL 33410 |
Bureau | 21 587 pi² | 2001 | - |
|
Professional Centre at the Gardens
11641 Kew Gardens Ave, Palm Beach Gardens, FL 33410 |
Bureau | 21 587 pi² | 2001 | - |
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Contacts
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Mark Rubin -
Bastian Schauer -
Ryan Buckner -
Jonathan Papeika -
Gary Gottlieb -
Colliers
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Vidéos
Visite extérieure 3D Matterport
Visite 3D Matterport
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Vue depuis la rue
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Carte
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Présenté par
Professional Centre at the Gardens
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