Real estate notebook: Greenberg Traurig renews West Palm lease

The Greenberg Traurig law firm has renewed its office lease for 10 years at the Phillips Point office building in downtown West Palm Beach.

The firm also announced plans for a $1.5 million renovation expected to modernize the 30,254-square-foot space inside the trophy building, 777 S. Flagler Drive. Greenberg Traurig has leased the space since 1991.

Factoring in the remaining term on the old lease, Greenberg Traurig says it will stay at Phillips Point until at least November 2027.

The firm has seven offices in Florida, including West Palm, Boca Raton and Fort Lauderdale.

Addiction center planned for Palm Springs

Retreat at Palm Beach County will break ground Sept. 17 on a $12 million addiction treatment center in Palm Springs.

The project at 4020 Lake Worth Road will consist of two buildings totaling nearly 54,000 square feet. The main building will feature 107 beds; the second will have medical offices and administrative services.

The builder is Fort Lauderdale-based D. Stephenson Construction, which expects to complete the project in the fall of 2015.

West Palm Family Dollar site fetches $1.49 million

A retail property in West Palm Beach leased to Family Dollar sold recently for $1.49 million.

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Real estate notebook: Greenberg Traurig renews West Palm lease