Willis Lease Finance Buys Coconut Creek HQ Campus for $117.9M

Willis Lease Finance Corporation, a publicly traded aircraft leasing firm headquartered in Coconut Creek, has bought the Cocomar Business Park campus at 4733-4763 Atlantic Boulevard for $117.9 million, Broward County Official Records show. The buyer on the deed is Coconut Creek Aviation Assets II LLC, a name that points straight at Willis Lease’s aviation finance business, and Commercial Observer independently identified the company as the purchaser in a report citing a public filing. SEC filer records confirm Willis Lease Finance Corp is a real, Nasdaq-listed company based at 4700 Lyons Technology Parkway in Coconut Creek. The seller, recorded as Cocomar Property Owner LLC, is an affiliate of Greystar, the Charleston, S.C. developer that bought the site last year for $30.5 million.

Why it matters

Willis Lease leases jet engines and aircraft to airlines worldwide, and this purchase gives it a second, larger campus in the same city as its existing headquarters. Buying rather than leasing signals confidence in a long runway for its Coconut Creek footprint, and it hands Greystar an exit at nearly four times its 2025 purchase price on a still-unfinished industrial campus. The deal also shows institutional land values in Broward’s northwest corridor climbing fast enough that a corporate owner-user could outbid the investment buyers who typically chase build-to-suit industrial product.

The numbers

The deed, a Multi Special Warranty Deed recorded October 15, covers a 1,138,691 square foot parcel carrying a Vacant Commercial use code, priced at roughly $104 per square foot. Greystar paid $30.5 million for the same site in 2025, so the trade marks close to a fourfold gain in about a year. Commercial Observer reported the campus is a three-building, 375,000 square foot industrial development on 35 acres, with 32-foot ceilings, 78 dock doors and 313 parking spaces, still under construction.

What’s next

Willis Lease has not filed a deed restating the parcel’s use since the sale, so the county’s Vacant Commercial classification will likely update once the campus is finished and occupied. Commercial Observer reported the buildout was expected to wrap this year, which would make the Coconut Creek campus Willis Lease’s new corporate address within months. What becomes of its current headquarters at 4700 Lyons Technology Parkway, in South Florida’s Broward submarket, is the next thing to watch, along with whether Greystar redeploys its quick gain into another industrial site nearby.