Michael Scarpino, CCIM, and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant, Accent Closets Inc. in the three year lease of 8,354 square feet at Powerline Business Park located at 2266 NW 30th Place in Pompano Beach.
Julie Miller of Cushman & Wakefield represented the landlord, Cabot III-FL2W06-W12, LLC.
Accent Closets is a leader in the custom closet industry. Established in 1988 they offer a full line of materials that range from sturdy ventilated wire to melamine to exquisite real wood.
https://sfoba.com/wp-content/uploads/2013/08/Accent-Closets.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2013-08-22 01:48:052013-08-22 01:48:05Accent Closets Leases 8,354 SF At Powerline Business Park
Richline Group Inc., a Berkshire Hathaway company, has agreed to a 10-year renewal on 90,000 square feet at 6701 Nob Hill Road. Broker Thomas Viscount, who represented Denver-based landlord Industrial Income Trust Inc., announced the transaction Friday.
The lease is valued at $7.7 million, according to Viscount, senior vice president at Butters Realty and Management LLC of Coconut Creek.
Formed in 2007, Richline manufactures and distributes necklaces, bracelets, earrings, rings and other items to thousands of jewelry outlets, according to its website. In addition to the Tamarac facility, the company has offices in Burbank, California, New York and Warwick, Rhode Island.
Jones Lang LaSalle Inc. senior vice president Nick Wigoda represented Richline.
West Palm Beach struggled last quarter but has made the turn showing positive absorption, the majority of which was in the suburban markets, according to a report by KRES Commercial.
Palm Beach Gardens/North Palm Beach made huge strides, leasing over 100,000 square feet year to date and absorbing over 35, 000 square feet.
The Jupiter/Juno Beach market, however, continues to make positive strides, becoming the healthiest office submarket in South Florida. Net absorption was another 1% for the quarter, bringing the total vacancy rates down to 6%, with true absorption numbers equal to the larger Palm Beach Gardens market at 31,000 square feet, year to date.
CBRE has arranged a lease for insurance company USI, the 9th largest insurance broker in the United States, at Coastal Tower, a Class A, LEED ®EB Silver-certified office building at the corner of US 1 and Commercial Boulevard in Fort Lauderdale.
The company will relocate approximately 80 employees from its current location at Broward Trade Center, located at 200 W. Cypress Creek Road, to the new office, located on the 6th floor, when it assumes occupancy on January 1, 2014.
CBRE is the leasing agent for Coastal Tower owner California State Teachers’ Retirement System (CalSTRS).
While the Broward County office market continues to post year-over-year negative absorption, leasing at Coastal Tower has actually picked up pace in 2013. USI is the 10th tenant this year to sign a new lease or expansion there. CBRE has arranged more than 28 new leases at Coastal Tower over the past three years, bringing the building up to 83% occupancy.
“While the office market remains flat, we have been fortunate to attract many office users in the market primarily because businesses are looking for dependable property ownership and great on-site amenities like fitness centers and food services, all of which Coastal Tower offers,” said CBRE First Vice President Travis Herring. “It does not hurt that we are also located close to several affluent communities where business owners and employees want to live.”
Located at 2400 East Commercial Boulevard, Coastal Tower is a LEED® and Energy Star Certified, Class A office building located within walking distance to several restaurants, hotels, banks and shops, and across the street from Holy Cross Hospital and the Holy Cross Wellness Pavilion.
Herring, along with CBRE Senior Vice President Deanna Lobinsky and Associate Katherine Ridgway, are the exclusive leasing agents for Coastal Tower.
https://sfoba.com/wp-content/uploads/2013/08/Coastal-Tower-Fort-Lauderdale.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2013-08-07 15:39:192013-08-07 15:39:19Herring, Lobinsky Bring 17,400 SF Tenant To Coastal Tower
Michael Scarpino, CCIM, Frank Morrison and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant, Woodfield Distribution, LLC in the expansion lease of 22,648 square feet at Boca Distribution Center 1 for a total combined SF of 70,744, located at 951 Clint Moore Road in Boca Raton.
Woodfield Distribution, LLC also extended their original lease by 50 months to coincide with the ten year term on the expansion space.
Christopher Thomson of Cushman & Wakefield represented the landlord, Prologis.
Woodfield Distribution, LLC is planning to use the facility to manufacture and distribute pharmaceuticals from this location. It is a consolidation of the company’s distribution from several other locations throughout the country. The company has been manufacturing with third party vendors for some time, and will continue to do so, but this facility will be used to manufacture high demand pharmaceuticals in order to better control the timing on the manufacturing and distribution process. Woodfield will be renovating the entire expansion space.
The 50-month lease extension and 22,648 SF expansion is valued at over $2.8 million.
https://sfoba.com/wp-content/uploads/2013/08/Boca-Distribution-Center-I.png270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2013-08-07 01:24:012013-08-07 01:24:01RWNK Reps Tenant In 23,000 SF Expansion, Lease Extension
A recent report compiled by Eric Messer, Research Services Manager with Newmark Grubb Knight Frank, indicates that although the Fort Lauderdale office leasing market experienced little change during the second quarter of 2013, demand did outpace supply. Numerous small relocations and expansions of existing tenants within the market continued to fuel the positive net absorption.
Accent Closets Leases 8,354 SF At Powerline Business Park
/in Done Deals, News/by SFOBA STAFFMichael Scarpino, CCIM, and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant, Accent Closets Inc. in the three year lease of 8,354 square feet at Powerline Business Park located at 2266 NW 30th Place in Pompano Beach.
Julie Miller of Cushman & Wakefield represented the landlord, Cabot III-FL2W06-W12, LLC.
Accent Closets is a leader in the custom closet industry. Established in 1988 they offer a full line of materials that range from sturdy ventilated wire to melamine to exquisite real wood.
Butters Inks 90,000 SF Renewal
/in Done Deals, News/by SFOBA STAFFRichline Group Inc., a Berkshire Hathaway company, has agreed to a 10-year renewal on 90,000 square feet at 6701 Nob Hill Road. Broker Thomas Viscount, who represented Denver-based landlord Industrial Income Trust Inc., announced the transaction Friday.
The lease is valued at $7.7 million, according to Viscount, senior vice president at Butters Realty and Management LLC of Coconut Creek.
Formed in 2007, Richline manufactures and distributes necklaces, bracelets, earrings, rings and other items to thousands of jewelry outlets, according to its website. In addition to the Tamarac facility, the company has offices in Burbank, California, New York and Warwick, Rhode Island.
Jones Lang LaSalle Inc. senior vice president Nick Wigoda represented Richline.
Source: DBR
Jupiter/Juno Tops South Florida Office Market, West Palm Turning Corner
/in News/by SFOBA STAFFWest Palm Beach struggled last quarter but has made the turn showing positive absorption, the majority of which was in the suburban markets, according to a report by KRES Commercial.
Palm Beach Gardens/North Palm Beach made huge strides, leasing over 100,000 square feet year to date and absorbing over 35, 000 square feet.
The Jupiter/Juno Beach market, however, continues to make positive strides, becoming the healthiest office submarket in South Florida. Net absorption was another 1% for the quarter, bringing the total vacancy rates down to 6%, with true absorption numbers equal to the larger Palm Beach Gardens market at 31,000 square feet, year to date.
CLICK HERE TO DOWNLOAD THE COMPLETE REPORT
Herring, Lobinsky Bring 17,400 SF Tenant To Coastal Tower
/in Done Deals, News/by SFOBA STAFFCBRE has arranged a lease for insurance company USI, the 9th largest insurance broker in the United States, at Coastal Tower, a Class A, LEED ®EB Silver-certified office building at the corner of US 1 and Commercial Boulevard in Fort Lauderdale.
The company will relocate approximately 80 employees from its current location at Broward Trade Center, located at 200 W. Cypress Creek Road, to the new office, located on the 6th floor, when it assumes occupancy on January 1, 2014.
CBRE is the leasing agent for Coastal Tower owner California State Teachers’ Retirement System (CalSTRS).
While the Broward County office market continues to post year-over-year negative absorption, leasing at Coastal Tower has actually picked up pace in 2013. USI is the 10th tenant this year to sign a new lease or expansion there. CBRE has arranged more than 28 new leases at Coastal Tower over the past three years, bringing the building up to 83% occupancy.
“While the office market remains flat, we have been fortunate to attract many office users in the market primarily because businesses are looking for dependable property ownership and great on-site amenities like fitness centers and food services, all of which Coastal Tower offers,” said CBRE First Vice President Travis Herring. “It does not hurt that we are also located close to several affluent communities where business owners and employees want to live.”
Located at 2400 East Commercial Boulevard, Coastal Tower is a LEED® and Energy Star Certified, Class A office building located within walking distance to several restaurants, hotels, banks and shops, and across the street from Holy Cross Hospital and the Holy Cross Wellness Pavilion.
Herring, along with CBRE Senior Vice President Deanna Lobinsky and Associate Katherine Ridgway, are the exclusive leasing agents for Coastal Tower.
RWNK Reps Tenant In 23,000 SF Expansion, Lease Extension
/in Done Deals, News/by SFOBA STAFFMichael Scarpino, CCIM, Frank Morrison and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant, Woodfield Distribution, LLC in the expansion lease of 22,648 square feet at Boca Distribution Center 1 for a total combined SF of 70,744, located at 951 Clint Moore Road in Boca Raton.
Woodfield Distribution, LLC also extended their original lease by 50 months to coincide with the ten year term on the expansion space.
Christopher Thomson of Cushman & Wakefield represented the landlord, Prologis.
Woodfield Distribution, LLC is planning to use the facility to manufacture and distribute pharmaceuticals from this location. It is a consolidation of the company’s distribution from several other locations throughout the country. The company has been manufacturing with third party vendors for some time, and will continue to do so, but this facility will be used to manufacture high demand pharmaceuticals in order to better control the timing on the manufacturing and distribution process. Woodfield will be renovating the entire expansion space.
The 50-month lease extension and 22,648 SF expansion is valued at over $2.8 million.
REPORT: Fort Lauderdale Office Market Gaining Traction… Slowly
/in News, Trends/by SFOBA STAFFA recent report compiled by Eric Messer, Research Services Manager with Newmark Grubb Knight Frank, indicates that although the Fort Lauderdale office leasing market experienced little change during the second quarter of 2013, demand did outpace supply. Numerous small relocations and expansions of existing tenants within the market continued to fuel the positive net absorption.
So how long will tenants continue to have the upper hand in lease negotiations? CLICK HERE TO DOWNLOAD THE FULL NGKF 2Q13 BROWARD OFFICE MARKET REPORT TO FIND OUT
Interested in other Newmark Grubb Knight Frank Reports? Click on the following links to download:
Newmark Grubb Knight Frank’s 2Q13 Broward Industrial Market Report
Newmark Grubb Knight Frank’s 2Q13 Palm Beach Office Market Report
Newmark Grubb Knight Frank’s 2Q13 Palm Beach Industrial Market Report
Newmark Grubb Knight Frank’s 2Q13 Miami Office Market Report
Newmark Grubb Knight Frank’s 2Q13 Miami Industrial Market Report