Financial firm Alvarez & Marsal Capital is setting up shop in West Palm Beach.
The Greenwich, Conn.-based private equity firm inked a 10,000-square-foot lease for the 10th floor of 300 Banyan Boulevard, a mixed-use development that’s under construction, developers Brand Atlantic and Wheelock Street Capital announced.
Located in Downtown West Palm Beach, the 12-story 300 Banyan will feature 120,000 square feet of office space across six floors and a three-story parking garage.
300 Banyan is scheduled to be completed in 2024. A year ago, Brand Atlantic and Wheelock Street Capital secured an $87 million construction loan from Acore Capital.
The office project is part of the larger Banyan & Olive mixed-use development that includes the historic three-story building at 111 North Olive Avenue, which was designed by famed architect John Volk and was completed in 1936. The joint venture acquired both sites, which totals about an acre, for $20 million in 2021.
Asking rents at the development range between $110 and $130, triple-net, according to a spokesperson for Brand Atlantic. Cushman & Wakefield’s Brian Gale and Anthony Librizzi represented the landlord, while David Dusek and Kevin Landers from the same brokerage represented the tenant.
Capstone Realty Group could demolish a West Beach office building in order to build apartments featuring workforce housing.
The local developer, through affiliate 1551 Forum Place LLC, filed plans with the city to redevelop the 3.74-acre site at 1551 Forum Place, just north of Palm Beach Lakes Boulevard. It currently has a 39,124-square-foot office building that was constructed in 1980.
The developer proposed replacing the office with an eight-story apartment building with 237 units.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-08-20 18:14:282023-08-20 18:14:28Office Building Near West Palm Beach Could Be Demolished
GTCR will lease about 26,000 square feet of office in One Flagler, a 25-story office building being developed at 154 Lakeview Ave.
GTCR recently added another 16,695 square feet to its office footprint within One Flagler, said Jordan Rathlev, senior vice president of Related Southeast.
Ryan Barr of Colliers represented GTCR in the lease negotiations. South Florida brokerage TCRE represented One Flagler’s landlord and developer, Related Southeast.
GTCR’s West Palmteam currently is in a temporary office in the Northbridge Centre at 515 N. Flagler Drive.
Feldman Equities announced it has achieved a 94%+ occupancy following the signing of numerous new leases at Pinnacle Corporate Park, a Class A office campus at 500 and 550 West Cypress Creek Road in Ft. Lauderdale.
Pinnacle Corporate Park, located in the Cypress Creek submarket in North Ft. Lauerdale, is adjacent to the intersection of West Cypress Creek Road and is immediately adjacent to a Tri-Rail railroad station.
The roster of new and expanded tenants at Pinnacle Corporate Park includes:
Sound Income Group, LLC- 11,900 SF new lease
Maxim Healthcare Staffing Services, Inc.-8,314 SF new lease
Dimension Hospitality-7,757 SF new lease
La Cava Jacobson and Goodis, P.A.-5,919 SF new lease
Legacy Staffing-2,928 SF new lease
Clean Initiative FL, Inc.-2,287 SF new lease
Parsons Services Company-1,824 SF new lease
Harmon Inc.-1,502 SF new lease
Chen Moore and Associates, Inc.-12,405 SF lease renewal and expansion
Ascendo-6,292 SF lease renewal and expansion
Your LTC Resource, Inc.-1,592 SF lease renewal and expansion
Johnson & Martin, P.A.-1,465 SF lease renewal and expansion
Filomena’s Bean Café-1,410 SF new lease
“We’re thrilled to extend a warm welcome to our new tenants joining the dynamic community of Pinnacle Corporate Park,” said Larry Feldman, President and CEO of Feldman Equities. “We’re committed to providing a topnotch experience for our tenants, and the recent additions to our tenant roster are a testament to the capital improvements we’ve implemented. At Feldman Equities, we have worked very hard to enhance the overall environment and services we offer to our valued tenants.”
Pinnacle Corporate Park was 80% occupied when Feldman Equities acquired the property about two years ago. Following the acquisition, ownership has recently completed a multimillion-dollar renovation to the property. The renovations were designed by the world-renowned Gensler architectural firm. Improvements include:
Large high-end fitness center
First-class tenant lounge with soft seating and private meeting booths
Indoor and outdoor game area
New café with indoor and outdoor seating
Patio area with new pergolas for shade
New lighting throughout the common areas of the building
Pinnacle Corporate Park boasts near immediate access to Interstate 95 and is walking distance to hotels, restaurants, retail and banking and following the renovations, the buildings are now the best-amenitized office buildings in the Cypress Creek submarket. Pinnacle Corporate Park also offers EV charging stations and an on-site parking ratio of four spaces per 1,000 rentable square feet.
Despite the weaker office market nationally, the Sunshine State’s office market is benefitting from robust job growth, nation-leading population growth, a business-friendly regulatory climate and an influx of employers and workers from other parts of the United States.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-08-06 21:01:052023-08-06 21:01:05Cypress Creek Office Park Reaches 94% Occupancy With New Lease Deals, Renewals And Expansions
Ultimate Kronos Group, Inc. (“UKG”) has completed a 140,599-square-foot long-term office lease renewal and a 14,072-square-foot office lease expansion (cumulatively 154,671 square feet) at Weston Pointe, located at 2250 North Commerce Parkway in Weston.
Ultimate Software Group, Inc., which merged with Kronos Incorporated in 2020 to form UKG, was founded in Weston in 1990. UKG currently operates a dual headquarters model, with one headquarters located in Lowell, Massachusetts and the other in Weston, Florida.
Cushman & Wakefield’s Deanna Lobinsky and Chase Kulp represented the landlord, an institutional client of New York Life Real Estate Investors, in the lease negotiations. John Boyle, Tony Jones, and Mary Burnieka, also of Cushman and Wakefield, represented the tenant, UKG.
“At nearly 155,000 square feet, this market-making transaction is the largest office lease renewal completed in Broward County since 2019. With the execution of this lease, UKG, one of the largest and most recognizable HCM, payroll, and workforce management technology companies in the world, has reaffirmed its commitment to maintaining a strong office and employment presence in both Weston, FL and Broward County, respectively. Our team worked with ownership to develop a strategy to mitigate the risks of new development in the area and secured a long-term lease that was extremely accretive for the asset,” said Lobinsky, Executive Director at Cushman & Wakefield.
“On behalf of ownership, we are very excited to have renewed and expanded UKG at Weston Pointe. The property is now 97% leased with a 7.5 year weighted average lease term, which is an incredible accomplishment given the current macroeconomic headwinds facing the office sector. We couldn’t be more pleased with Deanna and Chase’s persistence and performance in executing this renewal with such an important tenant for our client,” added Joe Thomas, Director of Asset Management at New York Life Real Estate Investors.
Weston Pointe is a four-building, Class A, suburban office asset acquired by New York Life Real Estate Investors in January 2016. Weston Pointe is situated at the intersection of I-75 and Royal Palm Boulevard in one of the most prestigious office submarkets in Broward County. The property offers abundant parking, on-site property management provided by Foundry Commercial, a recently modernized tenant fitness center, and the property recently achieved LEED Silver certification and a Fitwel Level 1 designation.
Colliers announced that Scott Brenner has joined the firm as Executive Vice President based in South Florida.
In his new role, Scott will focus on providing quality advisory and transaction services based out of the Boca Raton office.
“At Colliers, we take pride in attracting exceptional talent throughout the region. We are delighted to add Scott’s diverse expertise to the firm,” said Julie Northcutt-Dunn, Executive Managing Director and Market Leader for Colliers South Florida.
With over 35 years of experience, Scott has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
Before joining CBRE as Executive Vice President, he was the President/CEO of Brenner Real Estate Group, a full-service commercial real estate firm that sold to CBRE in 2017. With unparalleled knowledge and skills, Scott propelled Brenner Real Estate Group to over a billion dollars in transactions over thirty years. In addition to being an industry leader, Scott is a licensed attorney, and his professional credentials include JD, CCIM, and SIOR.
Scott is an active member of various industry organizations, including The Realtor’s Association, NAIOP, BOMA, ULI, ICSC, and many more. Scott is a member and trustee of the Greater Boca Raton Chamber of Commerce and has served on many non-profit boards, including Habitat for Humanity, 211 Broward, Jewish Federation, ADL, Jewish National Fund, and Hillel.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-07-23 19:08:232023-07-23 19:08:23Seasoned CRE Vet Joins Colliers As Executive Vice President
Private Equity Firm Alvarez & Marsal Inks 10K SF Lease in West Palm
/in Done Deals, News/by SFOBA STAFFFinancial firm Alvarez & Marsal Capital is setting up shop in West Palm Beach.
The Greenwich, Conn.-based private equity firm inked a 10,000-square-foot lease for the 10th floor of 300 Banyan Boulevard, a mixed-use development that’s under construction, developers Brand Atlantic and Wheelock Street Capital announced.
Located in Downtown West Palm Beach, the 12-story 300 Banyan will feature 120,000 square feet of office space across six floors and a three-story parking garage.
300 Banyan is scheduled to be completed in 2024. A year ago, Brand Atlantic and Wheelock Street Capital secured an $87 million construction loan from Acore Capital.
The office project is part of the larger Banyan & Olive mixed-use development that includes the historic three-story building at 111 North Olive Avenue, which was designed by famed architect John Volk and was completed in 1936. The joint venture acquired both sites, which totals about an acre, for $20 million in 2021.
Asking rents at the development range between $110 and $130, triple-net, according to a spokesperson for Brand Atlantic. Cushman & Wakefield’s Brian Gale and Anthony Librizzi represented the landlord, while David Dusek and Kevin Landers from the same brokerage represented the tenant.
Source: Commercial Observer
Office Building Near West Palm Beach Could Be Demolished
/in News/by SFOBA STAFFCapstone Realty Group could demolish a West Beach office building in order to build apartments featuring workforce housing.
The local developer, through affiliate 1551 Forum Place LLC, filed plans with the city to redevelop the 3.74-acre site at 1551 Forum Place, just north of Palm Beach Lakes Boulevard. It currently has a 39,124-square-foot office building that was constructed in 1980.
The developer proposed replacing the office with an eight-story apartment building with 237 units.
Source: SFBJ
Chicago-Based Financial Firm Supersizes Future West Palm Beach Office
/in Done Deals, News/by SFOBA STAFFGTCR will lease about 26,000 square feet of office in One Flagler, a 25-story office building being developed at 154 Lakeview Ave.
GTCR recently added another 16,695 square feet to its office footprint within One Flagler, said Jordan Rathlev, senior vice president of Related Southeast.
Ryan Barr of Colliers represented GTCR in the lease negotiations. South Florida brokerage TCRE represented One Flagler’s landlord and developer, Related Southeast.
GTCR’s West Palm team currently is in a temporary office in the Northbridge Centre at 515 N. Flagler Drive.
Source: SFBJ
Cypress Creek Office Park Reaches 94% Occupancy With New Lease Deals, Renewals And Expansions
/in Done Deals, News/by SFOBA STAFFFeldman Equities announced it has achieved a 94%+ occupancy following the signing of numerous new leases at Pinnacle Corporate Park, a Class A office campus at 500 and 550 West Cypress Creek Road in Ft. Lauderdale.
Pinnacle Corporate Park, located in the Cypress Creek submarket in North Ft. Lauerdale, is adjacent to the intersection of West Cypress Creek Road and is immediately adjacent to a Tri-Rail railroad station.
The roster of new and expanded tenants at Pinnacle Corporate Park includes:
Pinnacle Corporate Park was 80% occupied when Feldman Equities acquired the property about two years ago. Following the acquisition, ownership has recently completed a multimillion-dollar renovation to the property. The renovations were designed by the world-renowned Gensler architectural firm. Improvements include:
Pinnacle Corporate Park boasts near immediate access to Interstate 95 and is walking distance to hotels, restaurants, retail and banking and following the renovations, the buildings are now the best-amenitized office buildings in the Cypress Creek submarket. Pinnacle Corporate Park also offers EV charging stations and an on-site parking ratio of four spaces per 1,000 rentable square feet.
Despite the weaker office market nationally, the Sunshine State’s office market is benefitting from robust job growth, nation-leading population growth, a business-friendly regulatory climate and an influx of employers and workers from other parts of the United States.
Cushman & Wakefield Represents Landlord & Tenant In Huge Office Lease Renewal, Expansion
/in Done Deals, News/by SFOBA STAFFUltimate Kronos Group, Inc. (“UKG”) has completed a 140,599-square-foot long-term office lease renewal and a 14,072-square-foot office lease expansion (cumulatively 154,671 square feet) at Weston Pointe, located at 2250 North Commerce Parkway in Weston.
Ultimate Software Group, Inc., which merged with Kronos Incorporated in 2020 to form UKG, was founded in Weston in 1990. UKG currently operates a dual headquarters model, with one headquarters located in Lowell, Massachusetts and the other in Weston, Florida.
Cushman & Wakefield’s Deanna Lobinsky and Chase Kulp represented the landlord, an institutional client of New York Life Real Estate Investors, in the lease negotiations. John Boyle, Tony Jones, and Mary Burnieka, also of Cushman and Wakefield, represented the tenant, UKG.
Weston Pointe is a four-building, Class A, suburban office asset acquired by New York Life Real Estate Investors in January 2016. Weston Pointe is situated at the intersection of I-75 and Royal Palm Boulevard in one of the most prestigious office submarkets in Broward County. The property offers abundant parking, on-site property management provided by Foundry Commercial, a recently modernized tenant fitness center, and the property recently achieved LEED Silver certification and a Fitwel Level 1 designation.
Seasoned CRE Vet Joins Colliers As Executive Vice President
/in News/by SFOBA STAFFColliers announced that Scott Brenner has joined the firm as Executive Vice President based in South Florida.
In his new role, Scott will focus on providing quality advisory and transaction services based out of the Boca Raton office.
With over 35 years of experience, Scott has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
Before joining CBRE as Executive Vice President, he was the President/CEO of Brenner Real Estate Group, a full-service commercial real estate firm that sold to CBRE in 2017. With unparalleled knowledge and skills, Scott propelled Brenner Real Estate Group to over a billion dollars in transactions over thirty years. In addition to being an industry leader, Scott is a licensed attorney, and his professional credentials include JD, CCIM, and SIOR.
Scott is an active member of various industry organizations, including The Realtor’s Association, NAIOP, BOMA, ULI, ICSC, and many more. Scott is a member and trustee of the Greater Boca Raton Chamber of Commerce and has served on many non-profit boards, including Habitat for Humanity, 211 Broward, Jewish Federation, ADL, Jewish National Fund, and Hillel.