The New York-based leading insurance broker NFP has signed a long-term office lease to occupy the full penthouse floor and half of the 10th floor, totaling 15,010 SF at DiVosta Towers in Palm Beach Gardens. Gardens Wealth Management also signed a long-term lease for half of the sixth floor totaling 5,010 SF. The 20,020 SF of new leases brings the office towers to 85% occupied.

Gregg Carlin and Will Portfolio of CBRE represented NFP. David Browne of Cushman & Wakefield represented Gardens Wealth Management. Jon Blunk and Constance Thomas of Tower Commercial Real Estate and Darryl Kaplan of Darryl R Kaplan Company represented DiVosta Towers in both deals.

DiVosta Towers is a newly built, state-of-the-art Class A office complex located at 3825-3835 PGA Boulevard in Palm Beach Gardens. DiVosta Towers features two 11-story office buildings totaling 220,000 SF and is the city’s first new office space in nearly 10 years. The South Tower was completed in 2019 and the North Tower was completed in Q4 2020.

“The quality of construction, design and location make DiVosta Towers the premier asset in Palm Beach County,” stated Jon Blunk, president, Tower CRE. “DiVosta Towers offers everything one could want in an office address. The buildings’ ideal location means tenants have plenty of restaurants and shops within walking distance. The Palm Beach Gardens market has been asking for a top tier project like this for a long time, and these buildings have been over-improved in every way.”

DiVosta Towers has lured several financial service titans to its Class A office space, most recently welcoming Virtu Financial, which announced its expansion outside of New York City securing 10,000 SF of space in the North Tower. Other high-profile tenants include JPMorgan, Tower Hill Insurance, Comiter, Singer, Baseman & Braun, and Foresight Management.

DiVosta Towers offers tenants luxury office space with an abundance of amenities for tenants to enjoy. Features include a full-time concierge with controlled elevator access, 10-foot ceilings, floor-to-ceiling impact glass windows, car charging stations, separate tenant controlled air conditioning units for each space, a beautiful ground floor patio that can be used for meetings and events, public art and unobstructed panoramic views from the upper floors. The covered garage provides easy access and reserved parking, convenient to both buildings, with wide aisles and 4:1 parking ratio.

DiVosta Towers was acquired by Gatsby Enterprises, a New York-based real estate firm led by principal Nader Shalom, and Master Mind LLC, led by Babak Ebrahimzadeh in September 2020 for $80 million.