COMMERCIAL REAL ESTATE BROKERAGE SERVICES TO SECURE GROUND LEASE PROPOSALS FOR TOWN OWNED PROPERTY LOCATED AT 5976 OKEECHOBEE BLVD, WEST PALM BEACH, FLORIDA

The Town of Palm Beach sought proposals from qualified Commercial Real Estate Brokerage firms to provide brokerage services for a town-owned property located at 5976 Okeechobee Blvd. The contract was awarded to CBRE, Inc. for Land Lease Broker Services. The scope of work includes securing ground lease proposals for the property. Key points to consider for similar contracts include the experience of the brokerage firm in long-term ground leases, the firm's knowledge of the local market, and their ability to negotiate favorable lease terms. • The contract was awarded through a competitive RFP process. • The Selection Committee considered factors such as the firm's experience, qualifications, and proposed approach. • The contract is for Land Lease Broker Services, which includes securing ground lease proposals for the town-owned property. • The property is located at 5976 Okeechobee Blvd, West Palm Beach, FL. • The contract was awarded to CBRE, Inc., a reputable commercial real estate brokerage firm.