Tom Burst, Director of Sales and Leasing with KRES Commercial, has completed a transaction for the purchase of a 50,000 SF office building, located at 701 US Highway One in North Palm Beach, for $5.2 million.
The purchaser, Document Storage Systems, Inc. (DSS, Inc.), represented by Burst, is a Health Information Technologies, software development and systems integration company. DSS, Inc. will occupy a total of 30,000 square feet.
This transaction has made a significant impact on the North Palm Beach submarket, representing roughly 8% of the vacant space available. The overall vacancy rate in North Palm Beach will decrease from 30% to 22%, making it a real game-changer for this market.
This purchase is in addition to the 20,000 SF building DSS, Inc. already owns and utilizes as their headquarters in Juno Beach. Tom Burst also represented DSS, Inc. in the purchase of their Juno Beach headquarters 9 years ago.
https://sfoba.com/wp-content/uploads/2012/12/Tom-Burst.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-12-26 15:35:492012-12-26 15:35:49North Palm Beach Office Building Trades For $5.2 Million
Just two weeks after joining McCraney Property Company (MPC) as Vice President of Leasing, Darcie Lunsford has made an abrupt exit and returned to Butters, where she previously served as Director of Business Development and Marketing with Butters Group since April, 2011.
Prior to her career in commercial real estate, Lunsford spent more than two decades as a print and broadcast journalist; the last 14 she covered the commercial real estate and the economy both as a reporter and editor for the South Florida Business Journal, and Daily Business Review.
https://sfoba.com/wp-content/uploads/2012/12/burnt-rubber.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-12-18 21:45:232012-12-18 21:45:23One For The “Dang, That Was Quick” Files
Colliers International South Florida’s Senior Commercial Associates Sal Bonsignore, CCIM and Peyton Moore, MBA have been appointed the exclusive leasing agents for the +/- 470,000-square foot Crown Center office campus located at 1201-1475 W. Cypress Creek Road in Fort Lauderdale, Florida.
The Crown Center campus consists of six buildings, and is home to numerous large corporate tenants including Parkson Engineering, CBS Interactive, Sanford-Brown, Cruise One, and Brown & Brown Insurance. The property is attractive to both corporate offices and back office operations because of its strategic location, ample parking and diversity of space configurations.
“The owners are well capitalized and prepared to offer aggressive lease rates and turnkey build outs for qualified tenant,” says Moore. “Crown Center’s ownership and management team operate a first class office campus,” adds Bonsignore. “We are truly excited to be part of their team.”
Marty Busekrus has joined HFF, one of the largest commercial real estate capital intermediaries in the country, as Director, where he will be focusing on institutional industrial investment sales throughout the Southeastern United States.
Since March, 2011, Marty served as Senior Associate of CBRE’s Private Client Group (PCG) team for South East Florida, encompassing Miami Dade, Broward, Palm Beach and Treasure Coast Counties, along with J. Scott O’Donnell, Dominic F. Montazemi and Miguel Alcivar.
“With my experience coming from the Private Client Group of CBRE’s office and industrial team, it’s a perfect fit,” said Busekrus.
HFF has a history of performance spanning more than 30 years, offering the services of more than 500 experienced industry professionals who operate from offices in major and secondary markets throughout the country.
Prior to joining the Private Client Group, Marty held the position of Senior Sales Associate with NAI Rauch Weaver Norfleet Kurtz for six years beginning in July, 2005.
https://sfoba.com/wp-content/uploads/2012/12/Marty-Busekrus.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-12-11 17:35:072012-12-11 17:35:07Busekrus Leaves CBRE For HFF
Equinix has announced the opening of a 31,000-square-foot data center in Boca Raton.
The Redwood City, Calif.-based global interconnection and data center company (NASDAQ: EQIX) opened the new data center to serve South Florida and provide overseas connectivity to the commercial centers of Latin America.
Boca Raton was selected for the data center because the cable landing stations, which is where submarine telecommunications cables make landfall, are within a two-mile radius from the new location, said lAlex Vaxmonsky, director of Global networks and content. In addition, the Boca Raton location is outside of the evacuation zone for a Category 5 hurricane, he added.
The facility, which officially opened on Nov. 1, is located at Boca Corporate Center and Campus, the old IBM park off Yamato Road and has about 10 employees. Equinix is also remotely managing and selling into the facility from areas around the globe. The company also has a data center in Miami.
Equinix also has 66,000-square-feet of space reserved for future use. A data center typically can take seven to nine months to fill up, then the company would start on phase two and tap into the reserved space, Vaxmonsky said.
Miami-based Neutrona Networks International has signed on as a client of the new Equinix data center in Boca Raton, which the company calls MI3.
“Neutrona chose to colocate in the MI3 location because it offers a low-latency gateway to the managed and colocations services in Equinix’s Brazil-based IBX data centers. We can interconnect our Latin American and U.S.-based traffic, helping further enhance our networking advantage,” VP Luciano Salata said.
https://sfoba.com/wp-content/uploads/2012/12/boca-corporate-center-campus.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2012-12-06 02:43:392012-12-06 02:43:39Equinix Opens Boca Raton Data Center
Procacci Purchases New Corporate Office
/in News/by SFOBA STAFFThe property was purchased for $2.6 million.
The building is being converted from Class C to Class A through wholesale renovation and addition including:
Completion is anticipated for the end of February.
Of the total 15,000 square feet, a 1,118 square foot corner suite is available for lease. Notable tenants include Shiner Law Group and The Gab Group.
North Palm Beach Office Building Trades For $5.2 Million
/in Done Deals, News/by SFOBA STAFFTom Burst, Director of Sales and Leasing with KRES Commercial, has completed a transaction for the purchase of a 50,000 SF office building, located at 701 US Highway One in North Palm Beach, for $5.2 million.
The purchaser, Document Storage Systems, Inc. (DSS, Inc.), represented by Burst, is a Health Information Technologies, software development and systems integration company. DSS, Inc. will occupy a total of 30,000 square feet.
This purchase is in addition to the 20,000 SF building DSS, Inc. already owns and utilizes as their headquarters in Juno Beach. Tom Burst also represented DSS, Inc. in the purchase of their Juno Beach headquarters 9 years ago.
One For The “Dang, That Was Quick” Files
/in News/by SFOBA STAFFJust two weeks after joining McCraney Property Company (MPC) as Vice President of Leasing, Darcie Lunsford has made an abrupt exit and returned to Butters, where she previously served as Director of Business Development and Marketing with Butters Group since April, 2011.
Prior to her career in commercial real estate, Lunsford spent more than two decades as a print and broadcast journalist; the last 14 she covered the commercial real estate and the economy both as a reporter and editor for the South Florida Business Journal, and Daily Business Review.
Colliers’ Bonsignore & Moore Win Crown Center Leasing Assignment
/in News/by SFOBA STAFFColliers International South Florida’s Senior Commercial Associates Sal Bonsignore, CCIM and Peyton Moore, MBA have been appointed the exclusive leasing agents for the +/- 470,000-square foot Crown Center office campus located at 1201-1475 W. Cypress Creek Road in Fort Lauderdale, Florida.
The Crown Center campus consists of six buildings, and is home to numerous large corporate tenants including Parkson Engineering, CBS Interactive, Sanford-Brown, Cruise One, and Brown & Brown Insurance. The property is attractive to both corporate offices and back office operations because of its strategic location, ample parking and diversity of space configurations.
“The owners are well capitalized and prepared to offer aggressive lease rates and turnkey build outs for qualified tenant,” says Moore. “Crown Center’s ownership and management team operate a first class office campus,” adds Bonsignore. “We are truly excited to be part of their team.”
Crown Center recently achieved LEED Silver certification for its 1451 building, the third building within the campus to be awarded LEED certification, making the office property the only “for profit” LEED Certified campus within the State of Florida.
Busekrus Leaves CBRE For HFF
/in News/by SFOBA STAFFMarty Busekrus has joined HFF, one of the largest commercial real estate capital intermediaries in the country, as Director, where he will be focusing on institutional industrial investment sales throughout the Southeastern United States.
Since March, 2011, Marty served as Senior Associate of CBRE’s Private Client Group (PCG) team for South East Florida, encompassing Miami Dade, Broward, Palm Beach and Treasure Coast Counties, along with J. Scott O’Donnell, Dominic F. Montazemi and Miguel Alcivar.
“With my experience coming from the Private Client Group of CBRE’s office and industrial team, it’s a perfect fit,” said Busekrus.
HFF has a history of performance spanning more than 30 years, offering the services of more than 500 experienced industry professionals who operate from offices in major and secondary markets throughout the country.
Prior to joining the Private Client Group, Marty held the position of Senior Sales Associate with NAI Rauch Weaver Norfleet Kurtz for six years beginning in July, 2005.
Equinix Opens Boca Raton Data Center
/in Done Deals, News/by SFOBA STAFFEquinix has announced the opening of a 31,000-square-foot data center in Boca Raton.
The Redwood City, Calif.-based global interconnection and data center company (NASDAQ: EQIX) opened the new data center to serve South Florida and provide overseas connectivity to the commercial centers of Latin America.
Boca Raton was selected for the data center because the cable landing stations, which is where submarine telecommunications cables make landfall, are within a two-mile radius from the new location, said lAlex Vaxmonsky, director of Global networks and content. In addition, the Boca Raton location is outside of the evacuation zone for a Category 5 hurricane, he added.
The facility, which officially opened on Nov. 1, is located at Boca Corporate Center and Campus, the old IBM park off Yamato Road and has about 10 employees. Equinix is also remotely managing and selling into the facility from areas around the globe. The company also has a data center in Miami.
Equinix also has 66,000-square-feet of space reserved for future use. A data center typically can take seven to nine months to fill up, then the company would start on phase two and tap into the reserved space, Vaxmonsky said.
Miami-based Neutrona Networks International has signed on as a client of the new Equinix data center in Boca Raton, which the company calls MI3.
“Neutrona chose to colocate in the MI3 location because it offers a low-latency gateway to the managed and colocations services in Equinix’s Brazil-based IBX data centers. We can interconnect our Latin American and U.S.-based traffic, helping further enhance our networking advantage,” VP Luciano Salata said.
Source: SFBJ