Taylor & Mathis
Phillips Point


Phillips Point is a 1,000,000 square foot office complex on 4.23 acres including 460,030 rentable square feet among two office towers, the East and West towers, plus a ground floor retail promenade and is one the finest and best located office buildings in the Southeast, serving an internationally recognized tenant rent roll including, Goldman Sachs, Morgan Stanley and the country’s leading law firm. All of the Phillips Point office space and portions of the retail promenade area offer remarkable and unimpeded views of the Intracoastal Waterway, Atlantic Ocean, the island of Palm Beach and downtown West Palm Beach. Parking for 1,162 automobiles (2.8 spaces per 1,000 square feet of office and retail space) is provided in a garage at the base of the West Tower and in a separately detached garage. The Property also offers many comprehensive amenities such as valet parking, a Morton’s Steakhouse restaurant, penthouse level dining club, café and sundry shop, 24-hour manned security and on-site dining.

Location
Phillips Point is located in the heart of the West Palm Beach CBD at 777 South Flagler Drive. This location provides expedient access to Palm Beach Island directly across from the entrance to the Royal Palm Bridge. The location is enhanced by direct Atlantic Ocean and Intracoastal Waterway views from all sides. The preferred Palm Beach location for major law firms, banks and financial firms, such as Goldman Sachs and Morgan Stanley, serving the Town of Palm Beach given its location within easy walking distance to the Palm Beach County Courthouse, all county and federal government facilities.

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Currently, Phillips Point has availability from 1,226 to 15,016 SF - including 2 contigous full floors in our West Tower.

Access
The Property is located at the northwest corner of the intersection of Lakeview Avenue and Flagler Drive. Direct access to the Property is provided by an entrance located off of Lakeview Avenue between the East and West Towers, which allows visitors to stop at the valet parking. The East Garage’s entrance/exit is located on Chase Street and the West Garage has two entrances/exits, one on Trinity Lane and the other on Lakeview Avenue.

Strategically located near Palm Beach International Airport, the heart of the area’s sophisticated transportation network offering domestic and international flights daily. Immediate access to the tri-county area including Miami and Fort Lauderdale along I-95 and the Florida Turnpike.

Design
Phillips Point’s East Tower’s floors range in size from 25,836 rentable square feet on the second floor to 12,179 rentable square feet on the 13th (Club Penthouse) floor. The average floor size of Phillips Point’s West Tower’s twelve floors is 14,896 rentable square feet. The East tower offers two wet columns located near the floor’s core area and the West Tower offers one wet column. Average depth (core wall to curtain wall) per floor is 45 feet and mullion spacing averages five feet. Interior ceiling height (underside of standard ceiling system) averages nine feet. Each of these features allows for maximum design and space utilization efficiencies for Phillips Point’s East and West Tower tenants, and creates average BOMA rentable to usable ratios of 1.05 for full floor tenants.

The exterior walls feature distinctive pre-cast concrete panels finished with a rare pink quartz stone that makes an impressive architectural statement.

Phillips Point office complex was constructed in two phases. The 14-story East Office Tower, seven-story East Garage and the ground floor Promenade retail area were constructed in 1984 (completed in July 1985). The 19-story West Office Tower and the six-story West Garage were constructed in 1987 (completed in April 1988).

Parking
Phillips Point features two parking garages. A six-level parking garage consisting of 632 parking spaces on six floors of the East Garage, and a six-level freestanding parking structure consisting of 530 parking spaces in the West Parking Garage (located across Chase Street from the Property).

Join these business leaders with offices at Phillips Point:
•Harris Bank
•Mercantile Bank
•Arthur S. DeMoss Foundation
•The Goodman Company
•Innovative Communication Corporation
•Jacuzzi Brands, Inc.
•Scaife Family Foundation
•SDA Enterprises
•Woerner Holdings, Inc.
•Alliance Capital Management
•Morgan Stanley
•Newbridge Financial
•Northern Trust Investments
•Rachlin Cohen & Holtz LLP
•Smith Barney Inc.
•Wealth & Tax Advisory Services
•Greenberg Traurig
•Gunster, Yoakley & Stewart
•Kaye Scholer
•Rutherford, Mulhall & Wargo
•Sonnenschein Nath & Rosenthal
•Squire Sanders & Dempsy
•The Governors Club
•Morton’s of Chicago Steakhouse
Phillips Point
Leased by Taylor & Mathis.
Managed (on site) and owned by Colonnade Properties, LLC.

Bird's Eye Aerial of Phillips Point
North Westerly Aerial of Phillips Point
South Aerial of Phillips Point
Easterly Aerial of Phillips Point
Location Map of Phillips Point
Vicinity Map of Phillips Point
Market

West Palm Beach

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Phillips Point
East Tower

777 South Flagler Drive

Floor
RSF
Divisible
Minimum
Status
Comment
Suite 215* 5,417 No - Immediate 2nd Generation
Suite 221* 1,944 No - 90-days Notice 2nd Generation

Total Available:

7,361

* Contiguous 7,361 RSF

Lease Term: Minimum term of 5 years.
Net Base Rental: $35.00-$45.00 NNN per Rentable Square Foot (RSF), per year.
Escalation: Net Base Rental plus Operating Expense Pass-Through – 2008 est: $17.75 psf.
Tenant Improvement Allowance: Negotiable.
Parking: 3.0 per 1,000 RSF leased/$90 per space per month.

1/16/2008

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Phillips Point
West Tower

777 South Flagler Drive

Floor
RSF
Divisible
Minimum
Status
Comment
Suite 1101 1,227 No - Immediate 2nd Generation
Suite 1500 15,016 Yes - Immediate Full floor - Can be Subdivided
Suite 1702 1,348 No - Immediate 2nd Generation

Total Available:

17,591


Lease Term:
Minimum term of 5 years.
Net Base Rental: $35.00-$45.00 NNN per Rentable Square Foot (RSF), per year.
Escalation: Net Base Rental plus Operating Expense Pass-Through – 2008 est: $17.75 psf.
Tenant Improvement Allowance: Negotiable.
Parking: 3.0 per 1,000 RSF leased/$90 per space per month.

1/16/2008

Click to View: East Tower | West Tower
East Tower Stacking Plan
West Tower Stacking Plan

East Tower 2nd Floor Plan
East Tower 9th Floor Plan
West Tower 11th Floor Plan
West Tower 14th Floor Plan
West Tower 17th Floor Plan
West Tower 15th Floor Plan

Physical Address:
Phillips Point East Tower
777 South Flagler Drive
West Palm Beach, FL 33401

Physical Address:
Phillips Point East Tower
777 South Flagler Drive
West Palm Beach, FL 33401

Leasing:
Brian Gale,
Jeannette Pay Mendoza
or Ryan Holtzman
Voice: 561-653-0023
Fax: 561-832-2726

Physical Address:
Phillips Point West Tower
777 South Flagler Drive
West Palm Beach, FL 33401

Physical Address:
Phillips Point West Tower
777 South Flagler Drive
West Palm Beach, FL 33401

Leasing:
Brian Gale,
Jeannette Pay Mendoza
or Ryan Holtzman
Voice: 561-653-0023
Fax: 561-832-2726

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Miami Availabilty Availability

6/4/2008

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Phillips Point Availability 4/17/2008 Adobe PDF
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