Carl Domino Inc. Relocates to Northbridge Centre

October 29, 2012

Monday, October 29, 2012
Carl Domino Inc.'s HQ Relocates from Island To Downtown for Northbridge Centre Views in West Palm Beach, FL

Northbridge Centre, West Palm Beach, FL
WEST PALM BEACH, FL– After more than two decades at the same address on Palm Beach Island, investment adviser Carl Domino Inc. has been swayed by Northbridge Centre's commanding water views to relocate to downtown West Palm Beach.

"They initially wanted to stay on the island for the image and prestige, but the quality of the property, its views and affordability made Northbridge Centre attractive enough to move off the island of Palm Beach," explains Neil Merin, chairman of NAI/Merin Hunter Codman Inc., who represented the tenant.

Neil Merin
 "They have floor-to-ceiling windows with views extending to the Atlantic Ocean and Intracoastal Waterway."

Kirk Fetter, vice president of leasing for the Dallas-based landlord, Gaedeke Group LLC, has secured a long-term lease for 2,858 sf on the eighth floor of the 21-story class A office building at 515 N. Flagler Dr. Build-out currently is under way on the new office, with Northbridge Centre's new tenant now occupying temporary space. The work is slated to be done by Jan. 1.

Kirk Fetter

Merin says an extensive search was launched in May, focusing on island options until his client toured the 288,233-sf Northbridge Centre. Carl Domino has increased the size of its office by 15 percent with its relocation from 251 Royal Palm Way.

Gaedeke Group, founded in 1995, is a full-service real estate firm that provides investment, acquisition, management, leasing construction management and portfolio management services. Headquartered in Dallas, Gaedeke's current portfolio encompasses three million square feet of class A office properties in Arizona, Florida, Tennessee, Texas, Washington, D.C. and Germany.

Contact: Kirk Fetter, 561-515-7407

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