Close

Press Releases

Related Companies announces steady office growth in West Palm Beach with nine tenant signings across its Class A+ Lifestyle Office collection

Today, Related Companies, the largest landowner of commercial real estate property in downtown West Palm Beach, announces nine tenants, totaling more than 50,000 square feet, to occupy its class A+ office collection.

“West Palm Beach's strong office market continues to attract the finance industry's elite corporations to South Florida. Notably fetching the highest price per square foot in the market at One Flagler, the announcement of these world-class tenants relocating to and expanding in our buildings underscores the demand for Related’s unmatched lifestyle offices, and West Palm Beach's emergence as a premier destination to live and work,” said Jordan Rathlev, Senior Vice President of Related Southeast.

One Flagler
West Palm Beach’s most-anticipated office opening of 2024 designed by renowned architect David Childs of Skidmore, Owings & Merrill, announces new tenants including Bessemer Trust, HighPost Capital, Paulson Capital, Baron Funds, Lancer Capital and Johnson Family Foundation.

Designed by world-renowned architect David Childs and Skidmore, Owings & Merrill LLP, One Flagler is a 25-story Class A+ lifestyle office building that will include 270,000 square feet of flexible office space, 4,100 square feet of retail space, 10,000 square feet of indoor and outdoor dining led by Estiatorio Milos by Costas Spiliadis, and more than 20,000 square feet of amenities including an Equinox-designed fitness center, executive office space, and waterfront terrace overlooking the Intracoastal.

In addition to being poised for LEED Gold certification, One Flagler recently achieved the first and only WiredScore Platinum rating in West Palm Beach, solidifying it as a leader in smart technology and connectivity. One Flagler’s new tenants include:

  • Bessemer Trust, a leading family office for 117 years, will move to One Flagler in 2025. Deeply committed to the Palm Beach community, Bessemer has been serving clients in the area since 1929.
  • New York-based asset management firm, Baron Funds, will establish its first South Florida outpost. 
  • Private equity investment firm Highpost Capital headquartered out of West Palm Beach is relocating from Esperanté Corporate Center to One Flagler. 
  • Paulson Capital, founded by John Paulson, will be opening their first southeast office at One Flagler. 
  • The new location for Lancer Capital LLC, an entity of Innovate, will serve as the office for Glazer family, known for its notable local projects like the restoration of The Royal Poinciana Plaza.   
  • Johnson Family Foundation LLC. - 108 Mgt. Inc. and Betty World Johnson Foundation 
  • Previously announced tenants of One Flagler include Diameter Capital, Siris Capital, GTCR and Estiatorio Milos. 
     

360 Rosemary
As the first class-A office building to enter the West Palm Beach market since 2008, 360 Rosemary opened in 2021 and has stood as an anchor to the market’s new wave of office growth representing a 30 percent increase to the city’s supply alone. Now 105 percent leased with the conversion of its top floor garage into additional workspace, 360 Rosemary will now include JPMorgan Chase among its tenants.

Esperanté
The established class-A office building along Lakeview Avenue welcomes Northwell Health, bringing the building to fully leased. Northwell Health’s presence adds to the dynamic mix of industries expanding to West Palm Beach. It is their first location outside of the Northeast.

CityPlace Tower 
Related Companies’ first Class-A office tower built in West Palm Beach in 2008, CityPlace Tower’s new tenant includes ClearSky, a venture capital and growth equity fund manager specializes in investing in technology solutions that power the energy transition and disruptive technologies in cybersecurity. Led by its CEO, Co-Founder and Managing Partner, Alex Weiss, the West Palm Beach office is ClearSky’s headquarters.

###

About Related Southeast:
Related Southeast, the West Palm Beach-based affiliate of Related Companies, is a fully integrated real estate firm with unparalleled expertise in mixed-use development. For more than 25 years, Related has led the transformation of West Palm Beach into one of the fastest growing cities in the nation to live, work and visit. Related Southeast leads the market in Class A office with over 3.1M square feet of existing commercial holdings built and under construction including One Flagler. Known for luxury residential buildings across major Gateway Cities, Related is introducing a new class of luxury rental and condominium residences to the market including The Laurel, Shorecrest and South Flagler House. Related Southeast also developed and owns the most celebrated destinations in the region including CityPlace, the most visited neighborhood in the City of West Palm Beach, fostering culture and enriching the community with lush green spaces, a diverse mix of experiential retail and culinary offerings, the largest concentration of public art installed by a private company in Palm Beach County, educational programming and modern residences; as well as the 400-room Hilton West Palm Beach, RH West Palm, and the Harriet Himmel Theater. For more information about Related Southeast, please visit www.relatedsoutheast.com.