Newmark To Spearhead Office Leasing At One Park Place

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Newmark has been retained as the exclusive leasing agent for One Park Place, a 237,331-square-foot office complex in Boca Raton.

The assignment follows the asset’s recent acquisition by Ontario-based investment firm AXIA GeoCapital, its first acquisition in Boca Raton. The Newmark team, led by Senior Managing Director Jeremy Hakala and including Managing Director Matt Himmelsbach and Director Brandon Shores, will lead leasing efforts on behalf of ownership.

“The market understands One Park Place has immense potential and we’re excited to be involved in its transformation,” said Hakala. “We welcomed this assignment based on our belief in AXIA GeoCapital and its vision for the property, which we feel aligns perfectly with the growing demand in Boca Raton.”

AXIA GeoCapital – the first new ownership at the property in 35 years – is implementing a full-scale repositioning of One Park Place, fueled by a $10 million capital investment aimed to realize its vision for a world-class office destination. Architectural firm HdA will design the project, which includes a remodeled façade, new drive port and entrance and 30,000 square feet of new amenities on the ground floor. The reinvestment signals a commitment to redefining the property’s identity, elevating both its physical environment and its role within the region’s evolving business landscape.

“One Park Place represents more than a milestone for our firm—it’s an opportunity to help shape the future of the live-work-play concept in Boca Raton,” said Nickolas Georghiades, Founder and Principal of AXIA GeoCapital. “This marks a turning point, and with meaningful capital and Newmark’s expertise, we’re committed to a thoughtful transformation that redefines its place in the market.”

Located at 621 Northwest 53rd Street, One Park Place comprises a seven-story office tower and an adjacent five-story parking facility at 601 Northwest 53rd Street, situated within the Park at Broken Sound development and offering immediate access to I-95, premier residential communities and retail destinations. The building features high-quality infrastructure, expansive floorplates and new planned onsite amenities including a professionally designed lobby, café, golf simulators, business theater, modern conference facilities and a furnished executive suite center.

 

Venture X Opens Newest Coworking Space In Boca Raton

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Grover Corlew announced that Venture X, a premier coworking brand, has opened its newest location in South Florida at the reimagined Palmetto Central office campus in Boca Raton.

The 30,000-square-feet Venture X coworking space now occupies the entire top floor of 1489 W. Palmetto Park Road, a building that has been completely renovated. This renovation is part of a broader $60 million investment to transform the two-building Palmetto Central complex. The redesigned top floor features bright, modern interiors with full-height hurricane-impact windows and private balconies. Additional upgrades to the property include fully renovated common areas, a striking tiered water feature at the main entrance, and generous covered parking with EV charging stations.

“Venture X is a perfect fit for the Palmetto Central office campus, and we are thrilled to welcome them to the building,” said Mark Corlew, Partner at Grover Corlew. “We’ve invested significant resources into modernizing this space to offer businesses the best in design, amenities and location. The demand for Class A office space in Boca Raton is high, and Palmetto Central offers an unparalleled opportunity for businesses that are interested in relocating to the area.”

The Boca Raton Venture X location meets the region’s growing need for flexible workspaces, offering an upscale, collaborative environment for entrepreneurs, remote professionals, startups and established businesses alike.

“We are thrilled to bring the Venture X experience to Boca Raton and to be part of the revitalization of this iconic property,” Kevin Priddy, Managing Partner, Venture X. “This new location reflects our commitment to providing top tier coworking spaces that meet the needs of today’s professionals, with a focus on community and collaboration.”

The Palmetto Central complex is ideally located within close proximity to I-95, the Brightline station and upscale shopping and dining . Venture X joins UHealth Boca Raton, a University of Miami Health System clinic, which opened a 17,000-square-foot clinic in the same building in late 2024.

Venture X was represented by Derek Baker of Colliers, while Grover Corlew was represented by Joe Freitas, John Criddle and Max Pawk of CBRE.

 

Cushman & Wakefield Named Exclusive Leasing Agents For 7th, 8th Floors At The Oaklyn Campus

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Cushman & Wakefield has been retained as the exclusive leasing agents for the 7th and 8th floors at 3101 N Federal Highway, a premier office opportunity located within The Oaklyn Campus in Oakland Park.

Cushman & Wakefield’s Donna Korn and Beau Ladwig will serve as the exclusive leasing agents on behalf of the landlord.

“The Oaklyn Campus represents a rare opportunity to secure premium office space within a true live-work-play destination,” said Korn. “The combination of luxury residential, vibrant retail and high-quality office product just one mile from the beach makes this a highly compelling location for today’s tenants.”

Positioned at the intersection of Federal Highway and Oakland Park Boulevard, one of the busiest in Broward County, the property offers ±16,000 square feet of contiguous, full-floor office space. With floor-to-ceiling windows and expansive views, the space provides tenants with a modern, light-filled work environment. Tenants also benefit from access to 660 parking spaces shared across the campus and visibility to more than 100,000 vehicles per day as well as a curated mix of on-site retail and wellness offerings, including Carrot Express, Bondi Sushi, La Birra Bar, Imperial Moto Café, Pure Barre and more—all within the Oaklyn Campus.

The Oaklyn Campus comprises 274 luxury apartments, 20,000 square feet of ground-floor retail and over 100,000 square feet of Class A office space. Its central location offers immediate access to restaurants, fitness studios and the beach.

 

Institutional Property Advisors Brokers Two-Building Office Portfolio Sale

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Institutional Property Advisors (IPA), a division of Marcus & Millichap dedicated to serving the company’s institutional clients, announced the sale of Deerfield Financial Centre, a two-building, approximately 90,000-square-foot office portfolio in Deerfield Beach.

The property sold all cash for $11,525,000.

Douglas Mandel, IPA executive managing director investments, and Zach Levine of Marcus & Millichap represented the seller, Crown Diversified Industries Corp., and procured the buyer, Rusty Towers LLC, an affiliate of Boca Raton-based Bark Management.

The property was sold on behalf of the original developers and had been held by the family for over 40 years.

Located at the corner of West Hillsboro Boulevard and Military Trail, the buildings are within walking distance of the Deerfield Beach train station. The Deer Creek Golf Club is nearby, and both Interstate 95 and the Florida Turnpike are easily accessible.

Built in 1984 and 1985 on 5.5 acres, the Deerfield Financial Centre comprises 60 office suites ranging in size from 120 square feet to over 4,750 square feet. The property offers 366 parking spaces and features two four-lane drive-thrus equipped with pneumatic tube systems.

Lee & Associates South Florida Brokers Off-Market Office Building Sale In West Palm Beach

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Lee & Associates South Florida Principal C. Todd Everett, SIOR, successfully closed the $6.5 million off-market sale of a West Palm Beach office building.

EE Properties WPB LLC acquired Palm Beach Business Center, located at 801 Northpoint Pkwy. property from FLF 801 Northpoint LLC. Everett arranged the sale on behalf of both the buyer and seller, leveraging existing relationships with both sides to make the transaction possible, with the help of Lee & Associates South Florida’s Noah Flornes.

The sale closed on June 10.

Palm Beach Business Center is a 21,150-square-foot office building specializing in executive suites and virtual offices. It is located immediately adjacent to I-95.

“In a challenging broader market, relationships are absolutely vital to get transactions like this across the finish line,” Everett said. “We can leverage such relationships to identify and execute on off-market commercial real estate investment sales opportunities throughout South Florida. We’re fortunate to be in a region with continued strong demand for well-located office buildings like Palm Beach Business Center.”

Based in the firm’s Deerfield Beach office, Everett focuses on office and industrial investment sales and leasing. With nearly three decades of industry experience, Everett brings a breadth of knowledge and a wealth of expertise and dealmaking acumen to Lee & Associates South Florida.

“C. Todd Everett did an exceptional job creating this off-market opportunity for both parties in the transaction,” Lee & Associates South Florida President Matthew Rotolante said. “This deal demonstrates what can be accomplished when combining a dedicated broker’s experience, relationships and market knowledge with the resources and support our firm provides.”

 

Century Cruise Line Inks 7,000-SF Lease In Sunrise

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Lake Shore Plaza II, a premier Class A office building located at 1300 Concord Terrace in Sunrise, has welcomed its newest tenant, Century Cruise Line, which has signed a lease for 7,197 square feet of office space.

The transaction was facilitated by Chris Gallagher of Blanca Commercial Real Estate, who represented the landlord in the deal. Marshall Chandler and Gus Martinez of CMV Commercial / The Martinez Team represented Century Cruise Line in securing their new South Florida office.

Strategically positioned in the thriving Sawgrass Corporate Park, Lake Shore Plaza II offers modern amenities, ample parking, and convenient access to I-75, I-595, and the Sawgrass Expressway, making it an ideal location for corporate tenants seeking Class A office space in Broward County.

“Century Cruise Line was looking for a location that aligned with their growth and brand identity, and Lake Shore Plaza II checked all the boxes,” said Chandler. “The building offers both visibility and functionality, which made it a natural fit for their operational expansion.”

The property continues to attract high-profile tenants with its combination of location, quality, and on-site amenities.