Palmetto Pointe

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Palmetto Pointe

Address

7251 W. Palmetto Park Rd
Boca Raton, FL 33433
United States
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Property Type: Office
Base Rent: 23.00
Listing Status: Active

Contact Info

Adam Starr
Cell: (561) 289 4262
adam.starr@atlanticcg.com

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Property Description

Position your business for success at Palmetto Pointe, in this well-located office building in the heart of Boca Raton, Florida. This professionally maintained property offers a functional and flexible layout ideal for a variety of office users, with ample parking, including a limited number of covered spaces available with convenient access for both employees and clients. Surrounded by established businesses, retail amenities, and major thoroughfares, the location provides exceptional visibility and accessibility, making it an ideal setting for companies seeking both convenience and a strong professional presence.

 Under new ownership and management, the building is undergoing a transformative upgrade program designed to deliver a modern, refreshed experience throughout. Significant capital improvements are being invested into both the interior and exterior, including a complete replacement of the building’s elevator system with a brand-new cab, as well as a comprehensive overhaul of all major mechanical equipment to ensure efficiency and reliability. These enhancements, combined with updated common areas and improved curb appeal, will create a contemporary and inviting environment that supports tenant satisfaction and long-term value.

Additional Information Site Highlights Units Available
County: Palm Beach
Building Size: 54,000
Operating Expenses: 12.76
Min. Divisible Space: 1,091
Max. Contiguous Space: 1,813
Total SF Available: 2,904
Year Built: 1985
Lot Size: 1.5 Acres
  • Under New Ownership & Management
  • 24/7 Tenant Access
  • Significant Modern Upgrades Underway

  • Located Near Various Restaurants, Cafes & Coffee Shops

Recent News

QVC Group exits Chapter 11, CEO steps down

QVC Group has exited Chapter 11 bankruptcy with its debt reduced by over $5 billion and access to a new $600 million asset-based lending facility. As part of the restructuring, CEO David Rawlinson stepped down from the top role and was succeeded by Mike George as interim chief executive officer and board chair, effective immediately. George previously served as president and CEO of QVC Group for 16 years, from 2006 until his retirement in 2021. QVC Group's common stock has been approved for trading on Nasdaq under the ticker QVCG. The Chapter 11 exit was completed in less than four months after filing in the spring of 2026, representing a relatively swift restructuring timeline. The company has repositioned itself with a digital-focused strategy emphasizing live social shopping expansion across multiple platforms.

Simon poised to rake in millions more in rent thanks to Saks Global closures

Saks Global's Chapter 11 bankruptcy filing has proven beneficial for Simon Property Group, which saw 1 million square feet of space vacated—almost entirely from Saks Off 5th closures—yet maintained occupancy levels equal to the end of Q1 as new tenants filled the space at higher rents. While Saks Off 5th had been paying $18 million in annual rent before ceasing payments after bankruptcy, Simon Property is confident new tenants will pay significantly higher rent, with initial base rent from new leases up 17% year-over-year through Q2 2026. Simon Property expects to collect $30 million in rent from new tenants filling just half of the closed Saks Off 5th stores in its portfolio, compared to the $18 million Saks Off 5th was previously paying. The landlord's $100 million investment in Saks Global's merger with Neiman Marcus gave Simon strategic leverage to exit or renegotiate unfavorable lease terms.

Numerator: Inflation cools, consumers still worried

In Numerator's July 2026 Economic Sentiment Tracker of over 2,000 U.S. consumers, 39% identified rising prices as their top concern for the coming year, nearly matching the record high reached in May 2026. Prices for everyday household goods decelerated in July 2026, decreasing by 0.4% after a 0.7% increase in June, with prices up just 2.6% over the past 12 months as annual inflation cooled following three consecutive months of acceleration. Low-income and Gen Z consumers continue to experience higher levels of inflation for everyday household goods, as prices have increased 35.1% and 39.0%, respectively, for those groups since January 2018 versus the 33.2% national average. Quick-service restaurant prices have increased 53.9% since January 2018, well above the 33.2% rise across the overall consumer basket, and consumers are adapting by trading down what they buy and where they shop.