PLANTATION, Fla. (March 26, 2015) – Lincoln Property Company has begun a multi-million dollar renovation to Royal Palm Office Park, the iconic Class A, suburban office complex located in Plantation, in the center of Broward County, Florida. Lincoln manages the two-building, 465,592-square-foot property, which was purchased last summer by a pension fund advised by an affiliate of Lincoln.
The renovation project includes the following elements in each of Royal Palm I and II:
- Dramatic 2-story lobbies featuring simple, clean lines with a very neutral, timeless palette, with wood and stone accents;
- Updated elevator cabs; and
- Renovated elevator lobbies, corridors and restrooms on select floors.
In addition, Royal Palm Office Park’s tenants will enjoy these new amenities and features:
- A new, state-of-the-art fitness center;
- A new, luxuriously appointed executive conference center and lounge; and
- New landscaping, a shaded outdoor seating area and updated building signage.
The renovations are scheduled to be completed by early August. Atlanta-based Wakefield Beasley is the architect and interior design firm for the renovations, and Hollywood, Florida-based Witkin Hults Design Group is the landscape architect. Blanca Commercial Real Estate leases the property.
“These renovations will make Royal Palm Office Park, which is already best-in-class, even better,” said Roy Paskow, senior vice president of Lincoln, who oversees the South Florida office. “Royal Palm has long been a vital part of the South Florida office market, and these upgrades will only increase the appeal of this site to tenants.”
Royal Palm features a top-notch roster of international, Fortune 500, governmental and medical tenants. All tenants are able to use the Royal Palm Access program, which is Royal Palm Office Park’s exclusive tenant amenities and services program which is unique to Royal Palm and which provides Royal Palm’s tenants a more enjoyable and productive work environment. Some of the wide array of amenities and services offered include access to both a classroom-style and executive conference center and lounge, state-of-the-art fitness center, car wash, pick-up and drop-off dry-cleaning service, as well as a growing list of other services. Details of the Royal Palm Access tenant amenities and services program are available on Royal Palm’s website at: www.royalpalmofficepark.com.
The office park also contains two, four-level structured parking garages that have over 1,500 spaces between them. Additionally, the site has more than 400 surface parking spaces.
Royal Palm also provides convenient access to a range of nearby shops, restaurants, hotels, recreational facilities, medical providers and residential areas. The property is close to the Sawgrass Expressway, I-75, Florida’s Turnpike, 1-595, I-95 and the Ft. Lauderdale International Airport.
Royal Palm I is a nine-story, 240,308-square-foot building, and Royal Palm II features eight stories and totals 225,284 square feet. The 25-acre property features beautifully landscaped grounds with a tranquil lake and an abundance of palm trees.
About Lincoln Property Company
Dallas-based Lincoln Property Company is one of the nation’s largest diversified commercial real estate companies, employing over 6,800 people in 32 states and 10 countries in Europe. Since its inception in 1965, Lincoln has developed over 128 million square feet of office, industrial, and retail projects as well as 209,000 apartment units. Stemming from its development and ownership background, Lincoln's operating platform seamlessly integrates its various service lines, provides for consistent and measureable performance and utilizes cutting-edge technology over its 350+ million square feet of managed assets.
For more information on the Southeast Region of Lincoln Property Company, please visit lpcsoutheast.com. To check out the blog, go to www.lpcsoutheast.com/blog.