COSTAR NEWS

Northwestern Mutual Affiliate Relocating to South City Plaza

Financial Firm Takes 14,000 SF at Penn-Florida’s South Federal Highway Property

The Striano Financial Group, the largest financial representative for Northwestern Mutual in Florida, is relocating its Boca Raton, Florida, office to the South City Plaza office building at 1515 S. Federal Hwy.

Striano leased 14,058 square feet in the four-story, 177,911-square-foot, Class A office building. The property was built in 1986 on 3.3 acres in Palm Beach County. It offers abundant parking at 3.9:1, 12-foot slab heights, 24-hour access, on-site conferencing and fitness center facilities, building signage and access to public transit.

“Northwestern Mutual has significant ties to Boca Raton, due to our extensive network of clients who live in the city,” said Peter Striano, managing partner. “The Downtown has been transformed into a great place to live, work and play for our employees and we have found Penn-Florida to be a very strategic landlord and partner, making South City Plaza an excellent choice for our corporate offices.”

Dyana Kenney with Penn-Florida Realty Corporation represented the landlord in-house in direct lease negotiations with the tenant.

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