Adds Ground Floor Branch Space, One of Palm Beach’s Most Visible Retail Destinations

Palm Beach, FL – (April 22, 2010) — BB&T has leased 13,800 square feet at 125 Worth Avenue for its Palm Beach retail branch and offices, according to Jon Blunk, Senior Vice President Leasing for Crocker Partners, building owners and managers.

The transaction is an expansion for BB&T, which has occupied a portion of the space since acquiring tenant Colonial Bank. The lease includes a ground floor retail space and offices. BB&T was represented by John Jaspert a Tenant Representative with CB Richard Ellis.

“With this lease, BB&T will enjoy one of Palm Beach’s most visible locations, the first retail space that people see when arriving on Worth Avenue from the east,” said Blunk. “While BB&T could have opted out of the existing Colonial Bank lease, they chose instead to expand operations here with a long-term commitment, recognizing the importance of the Palm Beach market.”

Crocker Partners is currently marketing two other high-profile Palm Beach properties. The Company owns 400 Worth Avenue and has been named to lease and manage 204 Royal Palm Way, a new Class A green office building being developed by a third-party owner.

Crocker Partners is a real estate investment firm headquartered in Boca Raton, Florida, active in the commercial real estate business for over 25 years. The Crocker team has established a reputation as a premier owner, operator, and developer of office and mixed-use projects throughout the Eastern United States and since 1993, has acquired and developed over $4.5 billion of real estate. The Company’s third-party services include leasing, property management and capital improvement financing.

For more information, contact Jon Blunk, jblunk@crockerpartners.com;  561-889-4285, crockerpartners.com.