Granite Telecommunications Leases Floor at SMD's Reflections Office Center

WEST PALM BEACH, Fla. - June 19, 2013 - PRLog -- Granite Telecommunications, a leading telecommunications solutions provider for multi-location companies throughout the United States and Canada, has leased 7,800 square feet at the Reflections Office Center in West Palm Beach.

Based in Quincy, Mass., Granite Telecommunications will relocate its South Florida office from Boynton Beach to a full floor at the Reflections Office Center (http://www.commfla.com/reflections.html), 450 Australian Avenue.

Peter D. Reed, principal of Commercial Florida Realty Services, represented Reflections Office Center owner Southern Management and Development, L.P. (http://www.smdproperty.com) (SMD) in the transaction.  Boca Raton-based SMD  has recently renovated the twin-building complex, which overlooks Clear Lake in the Australian Avenue business corridor.  “Granite Telecommunications’ lease is an encouraging sign for the West Palm Beach area, bringing positive space absorption and new jobs to a market where tenants typically have shuffled among buildings in recent months,” Reed said.  Granite was represented in the transaction by Fox Rock Properties, Quincy, Mass.

Since its founding in 2002, Granite Telecommunications (http://www.granitenet.com) has grown into a 1.25 million line phone company with more than 14,000 customers, and with additional offices in New York, Georgia and Rhode Island.  

As more tenants look to lock in strong value, Reflections Office Center’s waterfront views, easy access and location close to downtown, I-95 and the Palm Beach International Airport have boosted leasing momentum, Reed said.  The Granite Telecommunications lease comes on the heels of a 2,500-square-foot lease to Asset Strategy Consultants earlier in the year.  The two leases increase overall occupancy at the locally owned and managed, 130,000-square-foot Reflections Office Center to 77 percent.  For information on Reflections Office center contact Commercial Florida Realty Services Principals Peter Reed or George Sacks at 561-338-9950.

SMD (http://www.smdproperty.com), which purchased the Reflections Office Center in 2011, continues growing its commercial real estate holdings.  Since 1972, SMD has focused on adding value to properties in the retail, office and multi-family sectors throughout Florida and Tennessee.  The company owns and manages a 3.9 million-square-foot retail portfolio, plus 2,089 rental apartments and 200,000 square feet of office space.