PRESS RELEASE: New Investment Advisory Firm, Global Capital Econometrix LLC, Leases Full Floor at Phillips Point

West Palm Beach, Fla. - Taylor & Mathis has just signed two firms to 25,516 square feet of leases at Phillips Point in West Palm Beach’s Central Business District. Dennis Hammond founder of St Louis based Harbor Capital Management is opening a new investment advisory firm in Florida.  The firm, Global Capital Econometrix, LLC has leased the building’s entire 18th floor of 14,516 square feet, announced Brian Gale, Taylor & Mathis Principal and Managing Director.  BMO Harris Bank, a tenant at the building since 1997, has signed a five year renewal for 10,000 square feet.  The transactions, valued at $8 million and $2.5 million respectively, were negotiated on behalf of the owner by the Taylor & Mathis. The Harris Bank deal was co-brokered by Mark Pateman of Cushman & Wakefield.

“Phillips Point is the preeminent office building in the Palm Beach market,” stated Global Capital Econometrix, LLC CEO, Dennis Hammond. “With views of the Atlantic Ocean as well as the location just blocks from City Place’s retail complex and Palm Beach Island, we are looking forward to calling it home for the next 10 years.”

Phillips Point, a half million square foot office and retail complex, is located in the heart of the West Palm Beach central business district at 777 South Flagler Drive. The location provides expedient access to Palm Beach Island directly across from the entrance to the Royal Palm Bridge with Atlantic Ocean and Intracoastal Waterway views from all sides. The building is home to internationally recognized tenants including, Goldman Sachs, Morgan Stanley and Greenberg Taurig.  Among the complex’s amenities are banking, valet parking, concierge, Morton’s Steakhouse, The Phillips Point Club (a penthouse level dining club), café and sundry shop, 24-hour manned security and on-site dining.

Taylor & Mathis, the exclusive leasing agent for One Biscayne Tower, is a diversified real estate company specializing in the development, marketing and management of office buildings, suburban office parks, industrial parks and mixed-use projects. In Florida the company leases and/or manages a portfolio over 11 million square feet. Founded in 1967, the company has developed properties exceeding $1.9 billion in value and has established itself as one of the most respected regional real estate firms in the United States. Based in Atlanta, with offices in Miami, Tampa, Orlando and Sunrise, Taylor & Mathis concentrates its business activity in primary growth markets in the southeastern United States.