Charles Cohen Secures $400M Financing for West Palm Beach Office Tower
Cohen Brothers Realty closes full construction financing for West Palm Point, a 438,000-sq-ft Class AA+ tower in West Palm Beach.
Developer Charles S. Cohen has closed full construction financing for West Palm Point, a marquee office development in West Palm Beach, Florida, valued at approximately $400 million. Cooper Horowitz arranged the financing for the project, which is being developed and owned by Cohen Brothers Realty Corporation of Florida.
The tower will span roughly 438,000 square feet and has been designated Class AA+, a designation typically reserved for the highest-tier commercial office properties offering premium amenities, architectural distinction, and prime location. The project represents one of the most significant office construction undertakings in South Florida in recent years.
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West Palm Beach has emerged as a growing hub for financial firms and corporate relocations from the Northeast, making a large-scale Class AA+ office delivery particularly notable in the current market environment. The closing of full construction financing signals strong institutional confidence in the project's viability and the broader West Palm Beach office market at a time when commercial real estate lending remains selective nationwide.
With construction financing now secured, West Palm Point is positioned to move forward as one of the defining commercial real estate projects in the region. The development adds to a wave of high-end office supply targeting the South Florida market, where demand from financial services and professional firms has outpaced available premium inventory.
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