Gatsby Florida has officially selected Hedrick Brothers Construction as the general contractor for The Modern at Palm Beach Gardens.
This milestone partnership sets the stage for a mid-year groundbreaking of the 220,000 square foot Class A Office located at 11200 RCA Center Drive in Palm Beach Gardens.
“The Modern is a sophisticated project that requires a partner with an impeccable track record,” said Babak “Bobby” Ebrahimzadeh, President and CEO of Gatsby Florida. “Hedrick Brothers represents the gold standard for construction in South Florida, and their involvement ensures this tower will be the premier workspace in the region.”
Strategically located in Palm Beach Gardens, the 8-story Class AA tower is designed to capitalize on the heavy influx of financial, legal, and Fortune 500 institutions migrating from high-tax environments. Active pre-leasing has officially begun, with the development team aggressively seeking high-profile Fortune 500 companies to join an elite roster of tenants. The project features 25,000-square-foot floorplates, a 10,000-square-foot fine-dining restaurant, and an exclusive tenant-only rooftop patio. To ensure a seamless “live, work, play” experience, the building will also house a state-of-the-art fitness center, conference/media center, a 6-level parking garage with ample EV charging, and full-building generator backup. There will also be 7,000 square feet of quick-serve restaurants and service users on street level of the garage.
“Projects like The Modern represent the kind of thoughtful development that continues to elevate Palm Beach County’s business community,” said Dale Hedrick, Founder and CEO of Hedrick Brothers Construction. “We value the trust Gatsby Florida has placed in our team and look forward to delivering a project that reflects both their vision and the standards our company is known for.”
The Modern joins Gatsby’s distinguished portfolio, which includes the 100% leased DiVosta Towers, currently home to financial giants like J.P. Morgan and Stifel. As the area sees massive residential growth with 1,000 new apartments opening nearby, The Modern stands poised to become the new epicenter of corporate excellence in South Florida.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2026-03-22 09:39:592026-03-22 09:39:59Gatsby Florida Partners With Hedrick Brothers Construction For 220,000 SF Class A Office
CBRE has been selected by AGS Properties Corporation to lease Broward Financial Centre, a premier 325,486-square-foot Class A office tower in downtown Fort Lauderdale with unobstructed ocean views. The announcement follows the completion of a series of major renovations that enhance the property for today’s workplace needs.
The comprehensive renovations include a redesigned interior lobby, new common areas, a state-of-the-art conference center featuring upscale seating, along with a tenant lounge containing multiple TVs and a fully equipped kitchen, providing tenants with a versatile and sophisticated space for meetings and events.
CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents for Broward Financial Centre.
“Broward Financial Centre is a standout office building, and we are incredibly excited to partner with AGS Properties Corporation to bring its exceptional offerings to the market,” said Freitas, Senior Vice President at CBRE. “The recent renovations and the continued development of move-in-ready suites create a truly compelling environment for businesses seeking top-tier office space in the vibrant downtown Fort Lauderdale area. We’re confident that these enhancements will attract a diverse range of tenants.”
“We at AGS Properties Corporation are truly excited about having one of the most recognizable and prolific leasing teams in South Florida handling the leasing aspects of what we believe to be one of the best-in-class office assets in downtown Fort Lauderdale,” said Alvaro da Silva, President of AGS Properties Corporation. “The energy, professionalism, and commitment John, Joe, and Max provide to the tasks they are assigned assures us we will obtain incredible results by bringing top-notch tenants to our property.”
Located at 500 East Broward Blvd., the 24-story office building features a variety of on-site amenities, including a banking branch, conference center, fitness center, Morton’s Steakhouse, ample parking and panoramic views of downtown Fort Lauderdale. Broward Financial Centre is home to a diverse tenant roster, including law firms, financial services companies and other professional users. Available space opportunities range from small boutique offices to full floors.
Broward Financial Centre provides strategic access to Fort Lauderdale-Hollywood International Airport, the Brightline high-speed rail service and premier dining, shopping and entertainment options along Las Olas Boulevard.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2026-03-15 16:40:182026-03-15 16:40:18CBRE Tapped To Lease Newly Renovated Downtown Fort Lauderdale Office Tower
Meridian Center of Boca Raton, a premier two-building, 52,000-square-foot office campus located at 6501 and 6531 Park of Commerce Blvd. within the prestigious Park at Broken Sound business park, has reached 95% occupancy, according to Reese Stigliano, President of Stigliano Commercial Real Estate.
In the latest lease transaction, Barentz North America, LLC has renewed their lease for 14,408 square feet. Barentz is a global specialty ingredients distributor and solutions provider. Barentz serves customers across multiple industries including Human & Animal Nutrition, Personal Care, Plastics, Household Care, Industrial & Institutional Cleaning, Pharmaceuticals, and Specialty Intermediates.
Stigliano represented the landlord in this transaction.
“The strong leasing activity at Meridian Center is a testament to the quality of ownership, professional property management, and the site’s exceptional accessibility,” said Stigliano. “Tenants benefit from unmatched connectivity to I-95, Tri-Rail, Brightline, Boca Raton Executive Airport, Palm Beach International Airport, and Fort Lauderdale-Hollywood International Airport.”
Reese Stigliano, President of Stigliano Commercial Real Estate, is a seasoned veteran of the South Florida commercial real estate market, bringing over 40 years of experience to the industry. He specializes in office leasing, investment sales, and land transactions, and also serves as a registered governmental lobbyist. In this role, he advises clients on zoning, land use, and site plan approvals, providing strategic guidance through complex regulatory environments.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2026-03-08 17:24:062026-03-08 17:24:06Meridian Center Of Boca Raton Achieves 95% Occupancy
Related Ross and its investment partners have secured a $145 million refinancing for Esperanté Corporate Center, a downtown West Palm Beach office property.
The borrowing group—led by Steve Ross’ West Palm-based Related Ross and joined by JZ Capital Partners and Greenmont Group—obtained the new loan from Hudson Bay Capital Management, according to a company announcement. Eastdil Secured arranged the financing.
The 17-story Esperanté building, located at 222 Lakeview Avenue, totals 256,000 square feet and dates to 1989. The refinancing equates to roughly $566 per square foot.
The ownership team recently completed an $8 million upgrade to the property. The tower is fully leased, with a roster that includes Bank of America, Balyasny Asset Management, and Blue Sea Capital.
Ross first acquired an interest in Esperanté in 2021, early in his broader expansion strategy in downtown West Palm. The property sits next to One Flagler, Related Ross’s newly delivered office tower, and is also close to Phillips Point, the office complex Ross acquired in 2021 for $282 million.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2026-03-01 13:32:052026-03-01 13:32:05Esperanté Corporate Center Lands $145M Refinance As Related Ross Doubles Down On West Palm
As Hallandale Beach continues its rapid economic expansion, a new landmark is rising to redefine the professional workspace. Four West Developers has announced SQUARE Hallandale, a new eight-story Class A office and retail condominium designed to bridge the gap between high-end real estate investment and move-in-ready convenience. Located at 400 W Hallandale Beach Boulevard, the nearly 360,000-square-foot project introduces a hospitality-inspired wellness philosophy to the traditional office environment.
Alejandro Chaberman, widely recognized for his transformative development work in Hallandale Beach, is co-developing SQUARE Hallandale in partnership with Asher Abadi, Arie Abadi, and Jonathan Eisenband. Together, they have formed Four West Developers, a privately held real estate development and investment firm created specifically to deliver this landmark project.
SQUARE Hallandale emphasizes a blend of private community exclusivity and the tangible value of property ownership. The building offers a diverse range of fully finished office suites starting from $199,000, with sizes ranging from 248 to 1,766 square feet. These light-filled spaces feature flexible layouts and premium finishes, designed by internationally renowned interior designer Adriana Hoyos. For owners seeking ultimate simplicity, optional furnishing packages are available to ensure a turnkey environment built for performance.
“SQUARE Hallandale was created around the evolution of work—toward a healthier, more balanced lifestyle,” said Asher Abadi, Principal at Four West Developers. “This is a workspace designed as an asset you own, not an expense you tolerate, where wellness, productivity, design, and long-term value are intentionally aligned.”
The development features 18,000 square feet of lifestyle amenities rarely seen in commercial properties, centered on a sixth-floor terrace and indoor recovery space. Outdoor highlights include pickleball and padel courts overlooking the city, and a social lounge. To support physical well-being, the project includes a wellness sanctuary with a cold plunge pool and sauna, an indoor fitness studio, and a recovery space with a bathroom and shower.
Strategically positioned with prominent frontage along Hallandale Beach Boulevard, SQUARE provides immediate access to major arteries like I-95 and US-1, as well as proximity to the Brightline, major international airports, and seaports. The ground floor will serve as a community hub, featuring a civic plaza, landscaped seating areas, and eight retail spaces ranging from 1,515 to 2,393 square feet.
Fortune Development Sales is the project’s exclusive sales and marketing partner.
“Hallandale has long lacked a high-quality, for-sale commercial product that caters to both the savvy investor and the end-user,” said Edgardo Defortuna, President & CEO of Fortune International Group. “By combining wellness-focused infrastructure with an accessible entry point starting at $199,000, SQUARE Hallandale lowers the barrier to entry in one of South Florida’s most competitive markets, offering a unique opportunity to own a piece of the region’s commercial future.”
Beyond the physical workspace, the property is engineered for modern productivity through robust infrastructure and professional support services. Business-specific amenities include multiple conference rooms equipped with smart presentation technology, a dedicated podcast studio, a library, and shared business support areas for printing and scanning. To accommodate various business needs, climate-controlled storage units with roll-up doors are available for purchase on the fifth floor.
The building also prioritizes seamless transit and security, featuring an in-building garage with valet parking, electric vehicle charging stations, and dedicated ground-floor parking for bicycles and scooters. Tenants will benefit from lobby concierge, package and mail management, and smart access security systems throughout the premises. Ownership is structured as a condominium, giving professionals and investors the flexibility to occupy, lease, or resell while maintaining full title rights.
Cushman & Wakefield represented Denholtz Deerfield LLC in the $34.5 million sale of Deerfield Corporate Park Buildings 1 and 6, two single-story office buildings located in Deerfield Beach.
Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar represented the seller in the transaction, with the assets acquired by a private capital investment group.
Located at 602–668 and 776–858 S. Military Trail within the larger Deerfield Corporate Park, the two buildings total 157,510 square feet and are 87.6% leased to 26 tenants, many of whom have maintained long-term occupancy at the property for more than a decade. The campus spans 12.9 acres and was originally built in 1985, with a full renovation completed in 2017. Designed to accommodate office and office-service users, the property is more than 90% built out as office and is strategically positioned just west of the Interstate 95 and SW 10th Street interchange, offering strong regional connectivity.
Within the Deerfield Beach submarket, the single-story office market remains exceptionally tight, with an estimated 1.5% vacancy rate, underscoring the scarcity of comparable space and limited competitive supply.
“This premier location offers significant logistical advantages through direct access to South Florida’s key highway systems, particularly Interstate 95, while also benefiting from proximity to affluent residential communities such as Boca Raton, Parkland and eastern oceanfront neighborhoods that are home to many influential business decision-makers and executives,” said O’Donnell, Executive Managing Director at Cushman & Wakefield.
“With the submarket’s low vacancy for single-story office and office-service product and no new construction on the horizon, Deerfield Corporate Park Buildings 1 and 6 present compelling upside through multiple value-add strategies, including mark-to-market rent growth and the potential conversion of existing office suites to more flex-oriented office-service space,” added Miller, Cushman & Wakefield Director.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2026-02-15 16:51:052026-02-15 16:51:05Cushman & Wakefield Represents Denholtz In $34.5 Million Office Sale
Gatsby Florida Partners With Hedrick Brothers Construction For 220,000 SF Class A Office
/in Done Deals, News/by SFOBA STAFFGatsby Florida has officially selected Hedrick Brothers Construction as the general contractor for The Modern at Palm Beach Gardens.
This milestone partnership sets the stage for a mid-year groundbreaking of the 220,000 square foot Class A Office located at 11200 RCA Center Drive in Palm Beach Gardens.
Strategically located in Palm Beach Gardens, the 8-story Class AA tower is designed to capitalize on the heavy influx of financial, legal, and Fortune 500 institutions migrating from high-tax environments. Active pre-leasing has officially begun, with the development team aggressively seeking high-profile Fortune 500 companies to join an elite roster of tenants. The project features 25,000-square-foot floorplates, a 10,000-square-foot fine-dining restaurant, and an exclusive tenant-only rooftop patio. To ensure a seamless “live, work, play” experience, the building will also house a state-of-the-art fitness center, conference/media center, a 6-level parking garage with ample EV charging, and full-building generator backup. There will also be 7,000 square feet of quick-serve restaurants and service users on street level of the garage.
The Modern joins Gatsby’s distinguished portfolio, which includes the 100% leased DiVosta Towers, currently home to financial giants like J.P. Morgan and Stifel. As the area sees massive residential growth with 1,000 new apartments opening nearby, The Modern stands poised to become the new epicenter of corporate excellence in South Florida.
CBRE Tapped To Lease Newly Renovated Downtown Fort Lauderdale Office Tower
/in Done Deals, News/by SFOBA STAFFCBRE has been selected by AGS Properties Corporation to lease Broward Financial Centre, a premier 325,486-square-foot Class A office tower in downtown Fort Lauderdale with unobstructed ocean views. The announcement follows the completion of a series of major renovations that enhance the property for today’s workplace needs.
The comprehensive renovations include a redesigned interior lobby, new common areas, a state-of-the-art conference center featuring upscale seating, along with a tenant lounge containing multiple TVs and a fully equipped kitchen, providing tenants with a versatile and sophisticated space for meetings and events.
CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents for Broward Financial Centre.
Located at 500 East Broward Blvd., the 24-story office building features a variety of on-site amenities, including a banking branch, conference center, fitness center, Morton’s Steakhouse, ample parking and panoramic views of downtown Fort Lauderdale. Broward Financial Centre is home to a diverse tenant roster, including law firms, financial services companies and other professional users. Available space opportunities range from small boutique offices to full floors.
Broward Financial Centre provides strategic access to Fort Lauderdale-Hollywood International Airport, the Brightline high-speed rail service and premier dining, shopping and entertainment options along Las Olas Boulevard.
Meridian Center Of Boca Raton Achieves 95% Occupancy
/in Done Deals, News/by SFOBA STAFFMeridian Center of Boca Raton, a premier two-building, 52,000-square-foot office campus located at 6501 and 6531 Park of Commerce Blvd. within the prestigious Park at Broken Sound business park, has reached 95% occupancy, according to Reese Stigliano, President of Stigliano Commercial Real Estate.
In the latest lease transaction, Barentz North America, LLC has renewed their lease for 14,408 square feet. Barentz is a global specialty ingredients distributor and solutions provider. Barentz serves customers across multiple industries including Human & Animal Nutrition, Personal Care, Plastics, Household Care, Industrial & Institutional Cleaning, Pharmaceuticals, and Specialty Intermediates.
Stigliano represented the landlord in this transaction.
Reese Stigliano, President of Stigliano Commercial Real Estate, is a seasoned veteran of the South Florida commercial real estate market, bringing over 40 years of experience to the industry. He specializes in office leasing, investment sales, and land transactions, and also serves as a registered governmental lobbyist. In this role, he advises clients on zoning, land use, and site plan approvals, providing strategic guidance through complex regulatory environments.
Esperanté Corporate Center Lands $145M Refinance As Related Ross Doubles Down On West Palm
/in News/by SFOBA STAFFRelated Ross and its investment partners have secured a $145 million refinancing for Esperanté Corporate Center, a downtown West Palm Beach office property.
The borrowing group—led by Steve Ross’ West Palm-based Related Ross and joined by JZ Capital Partners and Greenmont Group—obtained the new loan from Hudson Bay Capital Management, according to a company announcement. Eastdil Secured arranged the financing.
The 17-story Esperanté building, located at 222 Lakeview Avenue, totals 256,000 square feet and dates to 1989. The refinancing equates to roughly $566 per square foot.
The ownership team recently completed an $8 million upgrade to the property. The tower is fully leased, with a roster that includes Bank of America, Balyasny Asset Management, and Blue Sea Capital.
Ross first acquired an interest in Esperanté in 2021, early in his broader expansion strategy in downtown West Palm. The property sits next to One Flagler, Related Ross’s newly delivered office tower, and is also close to Phillips Point, the office complex Ross acquired in 2021 for $282 million.
Four West Developers Announces SQUARE Hallandale, First-Of-Its-Kind Wellness-Focused Office Condominium
/in News/by SFOBA STAFFAs Hallandale Beach continues its rapid economic expansion, a new landmark is rising to redefine the professional workspace. Four West Developers has announced SQUARE Hallandale, a new eight-story Class A office and retail condominium designed to bridge the gap between high-end real estate investment and move-in-ready convenience. Located at 400 W Hallandale Beach Boulevard, the nearly 360,000-square-foot project introduces a hospitality-inspired wellness philosophy to the traditional office environment.
Alejandro Chaberman, widely recognized for his transformative development work in Hallandale Beach, is co-developing SQUARE Hallandale in partnership with Asher Abadi, Arie Abadi, and Jonathan Eisenband. Together, they have formed Four West Developers, a privately held real estate development and investment firm created specifically to deliver this landmark project.
SQUARE Hallandale emphasizes a blend of private community exclusivity and the tangible value of property ownership. The building offers a diverse range of fully finished office suites starting from $199,000, with sizes ranging from 248 to 1,766 square feet. These light-filled spaces feature flexible layouts and premium finishes, designed by internationally renowned interior designer Adriana Hoyos. For owners seeking ultimate simplicity, optional furnishing packages are available to ensure a turnkey environment built for performance.
The development features 18,000 square feet of lifestyle amenities rarely seen in commercial properties, centered on a sixth-floor terrace and indoor recovery space. Outdoor highlights include pickleball and padel courts overlooking the city, and a social lounge. To support physical well-being, the project includes a wellness sanctuary with a cold plunge pool and sauna, an indoor fitness studio, and a recovery space with a bathroom and shower.
Strategically positioned with prominent frontage along Hallandale Beach Boulevard, SQUARE provides immediate access to major arteries like I-95 and US-1, as well as proximity to the Brightline, major international airports, and seaports. The ground floor will serve as a community hub, featuring a civic plaza, landscaped seating areas, and eight retail spaces ranging from 1,515 to 2,393 square feet.
Fortune Development Sales is the project’s exclusive sales and marketing partner.
Beyond the physical workspace, the property is engineered for modern productivity through robust infrastructure and professional support services. Business-specific amenities include multiple conference rooms equipped with smart presentation technology, a dedicated podcast studio, a library, and shared business support areas for printing and scanning. To accommodate various business needs, climate-controlled storage units with roll-up doors are available for purchase on the fifth floor.
The building also prioritizes seamless transit and security, featuring an in-building garage with valet parking, electric vehicle charging stations, and dedicated ground-floor parking for bicycles and scooters. Tenants will benefit from lobby concierge, package and mail management, and smart access security systems throughout the premises. Ownership is structured as a condominium, giving professionals and investors the flexibility to occupy, lease, or resell while maintaining full title rights.
Cushman & Wakefield Represents Denholtz In $34.5 Million Office Sale
/in Done Deals, News/by SFOBA STAFFCushman & Wakefield represented Denholtz Deerfield LLC in the $34.5 million sale of Deerfield Corporate Park Buildings 1 and 6, two single-story office buildings located in Deerfield Beach.
Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar represented the seller in the transaction, with the assets acquired by a private capital investment group.
Located at 602–668 and 776–858 S. Military Trail within the larger Deerfield Corporate Park, the two buildings total 157,510 square feet and are 87.6% leased to 26 tenants, many of whom have maintained long-term occupancy at the property for more than a decade. The campus spans 12.9 acres and was originally built in 1985, with a full renovation completed in 2017. Designed to accommodate office and office-service users, the property is more than 90% built out as office and is strategically positioned just west of the Interstate 95 and SW 10th Street interchange, offering strong regional connectivity.
Within the Deerfield Beach submarket, the single-story office market remains exceptionally tight, with an estimated 1.5% vacancy rate, underscoring the scarcity of comparable space and limited competitive supply.