Archive for October, 2013
Harbor Freight Sees South Florida Returning to Housing Basics – Leases Space in Palm Beach Gardens Retail Corridor
West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that it has arranged for Harbor Freight Tools USA to lease a 12,100 square-foot freestanding building in the highly desirable Palm Beach Gardens retail corridor of South Florida. Harbor Freight Tools is an extremely successful, nationwide retailer of brand-name discounted tools, ranging from power, air and hand tools, to auto and motorcycle tools and generators, to household tools—including for assisted living— and lawn and garden tools, among other categories. The new lease marks a departure in use for the existing contemporary building, located on Northlake Boulevard near US 1, which previously hosted an interior design center. Harbor Freight Tools marks a return to basics as industries such as housing in South Florida continue their recovery, and consumers focus on basics such as renovations, remodeling and maintenance.
“This retail property represented an ideal fit for Harbor Freight Tools,” said Jordan C. Paul, CEO of NAI/Merin Hunter Codman. “It’s by the nexus of two of Palm Beach County’s most trafficked thoroughfares, in a highly desirable demographic area, and is surrounded by key retailers like banks, grocers and pharmacies. Harbor Freight Tools will benefit from a built-in consumer base.”
Click here to read the full press release.
NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that its Chairman, Neil E. Merin, has been elected to the to the American Red Cross Palm Beaches-Treasure Coast Region Board of Directors. As one of the regional volunteer leaders of the organization, he will work toward advocating the mission of the world’s most recognized humanitarian organization.
Mr. Merin, a business leader and resident of Palm Beach County for over 35 years, has been a tireless proponent of civic causes in the region. Over the years he has served on the board of directors of Easter Seals Palm Beach, Epilepsy Foundation of Palm Beach and Anti-Defamation League-Palm Beach Chapter, among other civic leadership positions. He has also endlessly endeavored to improve the business climate in the region including serving on the board of directors of Chamber of Palm Beaches, the Economic Council of the Palm Beaches, and the Business Development Board of Palm Beach County. In addition, he has served on numerous Palm Beach County commissions and boards to promote affordable housing in the region, and has been instrumental in recruiting new employment opportunities to the area including helping to attract the Scripps Research Institute to the region.
“Neil is a recognized community leader, his years of leadership in business, community service and municipal life give him a unique perspective on the needs of all we serve and with that perspective he will be a powerful advocate for all who need Red Cross services each and every day across our region,” said South Florida Region CEO Rob Levine.
Click here to read the full press release.
NAI/Merin Hunter Codman, Inc., one of South Florida’s leading commercial real estate services firm, today announced that is has negotiated a lease for Biotest Pharmaceuticals to take the full 19,000 square feet of a flex-office property in Royal Palm Beach, Florida. Biotest Pharmaceuticals is a subsidiary of Biotest AG, a German-based global provider of plasma protein products. Biotest Pharmaceuticals researches and manufactures bio-therapeutic products with a specialization in immunology and hematology, including a groundbreaking product rich in antibodies to the hepatitis B virus, and another in the pipeline to combat hepatitis C. The new lease in Royal Palm Beach brings this cutting edge biotechnology to central Palm Beach County; while there is a large life sciences cluster in northern county around Jupiter, this lease points toward clusters expanding geographically, like “spokes in the wheels,” according to NAI/Merin Hunter Codman Chairman, Neil E. Merin.
Merin was instrumental in originally drawing Scripps Research Institute to Jupiter, which was followed by the opening late last year in Jupiter of the Max Planck Florida Institute for Neuroscience, Germany’s leading research organization which has produced 17 Nobellaureates.
Click here for the full press release.