A Midwest private equity firm opened its first South Florida location as part of a multistate expansion. Chicago-based GTCR established an office at Northbridge Centre in downtown West Palm Beach, at 515 N. Flagler Drive.

GTCR simultaneously announced the opening of a New York City office currently operating at 450 Park Ave. The firm also plans to move into offices at 425 Park Ave.
following the buildout of two floors it leased within the Midtown Manhattan building. GTCR's headquarters and the majority of its employees will continue to be based in Chicago. It hasn’t disclosed how
many employees will work out of its West Palm Beach and New York City locations.

Nelson Mullins partner David Itskovich represented the landlord. Itskovich has represented both regional and national clients in commercial real estate transactions involving the acquisition, disposition, financing, development, and leasing of general and medical office buildings, multifamily apartments complexes, retail shopping centers, and mixed–use developments.