Grover Corlew Announces 26,482-Sq.-Ft. Lease at Delray Central
Long-time tenant Specialized Health Care Partners to relocate headquarters and consolidate offices at 1615 Congress
DELRAY BEACH, Fla. (June 13, 2019) – Grover Corlew, a South Florida-based real estate investment management group, has leased 26,482 sq. ft. of office space to Specialized Health Care Partners (SHP) at Delray Central, a two building office complex in Delray Beach.
Specialized Health Care Partners, which works to maximize insurance recovery on behalf of its clients and provides consulting management services to hospitals, will consolidate offices and relocate its headquarters to the 1615 Congress Avenue building in October. Grover Corlew will complete more than one million dollars in renovations in addition to enhancements planned by SHP.
“We have a longstanding relationship with SHP,” said Partner Mark Corlew. “We leased the company their first office space in 2013 when we owned 220 Congress and have been fortunate to maintain a close relationship with them, accommodating their changing needs with our portfolio of modern office spaces.”
In 2015, Grover Corlew bought the 1615 and 1625 Congress office buildings, which were originally developed for IBM. At the time of their purchase, the circ-1981 buildings were only 79 percent leased and in need of extensive renovation and a rebranding in order to attract high profile tenants. Grover Corlew, which focuses on acquiring, developing and operating office and retail properties across the Southeastern U.S., invested approximately two million dollars into property renovations bringing occupancy to nearly 100 percent.
Specialized Health Care Partners is just one of several companies leasing space for their corporate headquarters in Grover Corlew buildings this year. In May, the company announced more than 36,539 sq. ft. of new leases in Sabre Centre I, a Class A office property in Palm Beach County with unparalleled golf course views of The Old Course at Broken Sound. The non-profit bone marrow registry Gift of Life, Canadian-based retailer The Northwest Company and toy manufacturer Jay@Play® have all selected the six-story office building for their new corporate headquarters.
Global hair restoration and replacement giant Hair Club recently designed a new 23,130-sq.-ft. creative, modern workplace environment for more than 180 employees at Palmetto Place @ Boca Raton, which is owned and managed by Grover Corlew. Hair Club decided to relocate its corporate headquarters to the 88,000-sq.-ft. building following a multi-million-dollar renovation and rebranding which was recently completed by Grover Corlew.
In what has been a transformative year for Grover Corlew, the company also purchased Hillsboro Center in Deerfield Beach this past March, which includes a six-story, 116,250-sq.-ft. Class A office tower at 600 West Hillsboro Blvd. and four two-story office buildings with 99,851 sq. ft. at 700 West Hillsboro Blvd.
“We have created a niche for ourselves by bringing new life to some of the older, yet geographically desirable, suburban office buildings in Broward and Palm Beach counties,” said Partner Anuj Grover. “That has paid off with the number of headquarters that have moved and will move to our buildings.”
For more information on Grover Corlew, visit grovercorlew.com.
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About Grover Corlew
Led by experienced real estate veterans who have worked together since 2002 and who have more than 40 years of combined industry experience, Grover Corlew is a real estate investment management group focused on acquiring, developing and operating office, retail and multi-family properties across the Southeastern U.S. Grover Corlew has offices in South Florida, Orlando and Atlanta and provides in-house asset management and property management services. The company is also an active developer with in-house development expertise as well as strategic relationships with tenants and local developers throughout the Southeastern U.S.