Broward bank takes naming rights on West Palm Beach office building — but will sign read Stonegate or Centennial?

500 Clearlake. Photo courtesy Colliers International.

The office building at 500 S. Australian Ave. is about to be adorned with a sign visible from Interstate 95. One small matter is still to be decided: Will the letters be Stonegate Bank green or Centennial Bank blue?

Stonegate Bank of Pompano Beach signed a 5,588-square-foot lease at 500 S. Australian that includes a ground-floor branch and top-floor office space.

Meanwhile, Stonegate in March announced a $750 million merger with Centennial Bank parent Home BancShares of Conway, Arkansas. The merger is expected to close later this year.

If the deal goes through as planned, Stonegate will change names to Centennial. As for the lease on Australian, it’s part of Stonegate’s expansion in Palm Beach County, said Chief Executive David Seleski.

“We think that’s a great location,” Seleski said.

While Wells Fargo’s name is on the building next door, 500 S. Australian has never sold signage, said Tom Burst, a Colliers International broker who represented the landlord in the lease.

“That’s a sign you can see from I-95, so it becomes a major presence in the market,” Burst said.

 

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