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New corporate centre becomes fully leased

The 25,000 square-foot Cave's Corporate Centre West has been fully leased to three financial services firms, a prominent commercial realtor has confirmed.

NAI Bahamas Realty Commercial acted for developer, Mosko United Construction Company, in securing tenants for the newly-completed Class A office building that is located on West Bay Street and Blake Road.

“The Caves Corporate Centre West has been highly sought after since its groundbreaking in 2019,” said NAI Bahamas Realty Commercial’s chief executive, Donald Martinborough. “We are thrilled to see the project near completion and to have represented the developers, Mosko United Construction Company, in the successful negotiation of the lease of the final remaining spaces.”

The three-storey Caves Corporate Centre West features 25,000 square feet, and is located within minutes of Lynden Pindling International Airport (LPIA) and Baha Mar.

NAI Bahamas Realty commercial previously announced the lease of 18,000 square feet to the property's anchor tenant, the EY (Ernst & Young) accounting firm. The remaining 7,000 square feet will be occupied by Trident Trust Group, also represented by NAI Bahamas Realty Commercial, and Banco Santander International.

“We’re seeing a greater demand in this type of commercial development as it becomes the industry standard in international markets,” said Mr Martinborough of build-to-suit properties. “Looking ahead, we anticipate the demand for professionally managed properties with Build-to-Suit options increasing, as tenants are attracted to spaces designed and tailored specifically to their needs.”

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