The Real Deal Miami

NAI/Merin Hunter Codman closes 225,000 square feet of leases in third quarter

December 04, 2012 12:00PM

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Jordan Paul

NAI/Merin Hunter Codman closed $18.5 million in sales transactions and over 225,000 square feet of leasing transactions in the third quarter, the West Palm Beach-based brokerage announced. The sales totaled 373,753 square feet of space. Landlord representation accounted for 171,917 square feet of the leasing deals. The largest lease was a 27,321-square-foot deal at 951 Yamato Road in Boca Raton. “Overall leasing activity remained steady in the third quarter, notwithstanding the fact that many companies were hesitant to finalize long term plans as they awaited the outcome of the presidential election,” said NAI CEO Jordan Paul. “With that uncertainty behind us and the Florida housing market starting to recover, we are hopeful that businesses will start the forward planning needed to provide for a pickup in leasing activity.” — Alexander Britell

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