JLL announced the completion of several new leases, including relocations, extensions, expansions and renewals at Presidential Circle in Hollywood that drive total occupancy at the two-tower, Class A office complex to 88 percent.
Situated at 4000 Hollywood Blvd., the 281,625-square-foot office building has executed leases with new and existing tenants from financial services firms to medical office users ranging in size from approximately 2,963 to over 16,000 square feet.
JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.
“As top-tier office space in markets like Miami and West Palm Beach become scarce and more expensive, Hollywood is increasingly becoming the location of choice for companies looking for quality office space at a much more competitive price in South Florida,” said Titcomb. “An iconic property like Presidential Circle is perfectly situated for businesses across all industries looking to take advantage of its strategic location between both major interstates and within close proximity to Fort Lauderdale-Hollywood International Airport (FLL), the world’s second busiest cruise port and the nation’s fifth largest healthcare system.”
Among the new additions to Presidential Cricle’s distinguished roster of office tenants are:
Relocating from Downtown Miami, Air Charter Service, the world’s largest aviation brokerage, offering helicopters, private jets and executive airliner charters, as well as a huge range of small specialist aircraft for all business needs, signed a new lease for 5,425 square feet of space in the North Tower. Air Charter Service was represented by Tyler de la Peña of Colliers. (Tyler has recently joined JLL as Senior Vice President.)
AR Capital Group, a financial services company founded in 2014 with a mission to provide innovative solutions to clients’ commercial finance needs, will be relocating from another location in Hollywood and occupy 4,929 square feet in the North Tower.
Starlims, which delivers globally recognized laboratory information management systems and informatics solutions for cutting-edge labs, has renewed its lease and taken 10,385 square feet of space in the South Tower. Starlims was represented by CBRE’s Keith Edelman and Scott Goldstein.
Hazen and Sawyer, a firm that provides environmental engineering services to clients in the areas of water quality and supply, completed a 16,312-square-foot office lease renewal. The tenant was represented by Curtis Dean of CD Commercial Real Estate Services.
DermCare, a specialized practice management company designed for and by seasoned dermatology professionals, has renewed its 9,937-square-foot lease early for its corporate headquarters location. The full-service practice management company was represented by Tony Jones with Cushman & Wakefield.
For more than 70 years, NPC Financial has been helping individuals, families, and businesses make well informed decisions regarding their finances. The South Florida-based financial planner, represented by JLL Executive Managing Director Steven Hurwitz, extended its lease for 2,963 square feet of space in the North Tower.
“As the property’s ownership, we remain committed to continuing to reinvest in enhancing the office building to provide a best-in-class experience on a consistent basis for all of the esteemed companies that are tenants in our property,” added Eric Levy, Vice President of CDS Realty Investments, LLC. “The recent leasing success and number of renewals executed by the JLL team underscore tenants’ commitment to having their business address at Presidential Circle.”
Centrally located directly on one of Hollywood’s most traveled boulevards, Presidential Circle offers convenient access to Interstate 95 and Florida’s Turnpike. While the seven-story property features many on-site amenities including a café and banking center, additional restaurants and banking options are within walking distance including Jimmy Johns, Picadilly, Sub City, Wendy’s, Capones Italian, Il Posto, Sebastianos, and many more. Additional nearby retail options including shipping and office service stores include Target, CVS, Publix, Walmart, FedEx Office and UPS Store. Presidential Circle features a 24/7 lobby attendant and security, on-site property management and spacious conference facilities, in addition to a 4 to 1,000-square-foot parking ratio withcovered options. Tenant-ready suites are also available for lease.
According to JLL’s latest office insight report for Broward County, development remains limited in Fort Lauderdale, with only T3 FAT Village East and West under construction. The office market exhibited a somewhat sluggish start to the year, however, rents continued their upward trajectory settling at $46.88 per square foot full service, marking an impressive 17.3% increase year-over-year.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-05-04 12:03:192025-05-04 12:03:19JLL Arranges Five Office Leases Totaling 34,000 SF At Presidential Circle In Hollywood
JLL announced the addition of two key broker hires, Sean Black as Senior Managing Director and Tyler de la Peña as Senior Vice President, further bolstering its office tenant representation team in South Florida.
The two experienced real estate professionals will join JLL’s leading tenant representation services team serving clients across the South Florida region.
“We are thrilled to welcome Sean and Tyler to our South Florida brokerage team. Sean’s leadership and extensive track record in tenant representation, combined with Tyler’s deep understanding of the South Florida market, will further enhance our tenant representation expertise and service offerings,” said Dan McGowan, JLL Executive Managing Director and Broker Lead for South Florida. “Their institutional knowledge, established networks and extensive experience will help us accelerate our growth, while supporting our dynamic client roster as the South Florida market continues to experience robust business growth.”
In this new role, Black will focus on office tenant representation and portfolio client work. He is a seasoned industry leader who most recently served as Co-Founder and CEO of BLACKre. Prior to that, he was a part of JLL’s New York team for six years from 2009 to 2015. He also previously held senior positions at WeWork and Cushman & Wakefield, advising numerous portfolio clients. With a unique background as a former Olympic boxer, Black brings an unmatched level of determination and strength to his work advocating for clients. Relocating to Miami from New York City, his wealth of experience will be a key asset as JLL continues to grow its South Florida presence and expand its Integrated Portfolio Services (IPS) business.
As a South Florida native, de la Peña possesses an in-depth understanding of the region’s dynamic office market and a successful track record representing the needs of local, regional and national office tenants across South Florida. De la Peña’s previous roles include nearly six years working at Colliers International focusing on office occupier advisory services and three years as an office occupier advisor at CBRE. His client relationship skills and market knowledge make him an ideal fit for JLL, and his addition further strengthens the firm’s ability to serve its diverse portfolio of clients across the tri-county region.
Previously, JLL announced the addition of Ryan Levy as Executive Vice President with the company’s tenant representation team in South Florida. Levy is focused on servicing local, regional and national office users across various industries. Just two months later, JLL now welcomes the addition of Black and de la Peña, further strengthening the firm’s presence in South Florida. Their diverse backgrounds, market expertise, and proven track records serving clients will allow JLL to continue meeting the growing demand for tenant representation services in the region. The addition of these three experienced brokers so far this year, further solidifies JLL’s commitment to delivering exceptional client service and innovative real estate solutions.
Black is a graduate of the University of Western Ontario in Canada. De la Peña earned his bachelor’s degree from Florida State University in Tallahassee.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-04-27 20:45:562025-04-27 20:45:56JLL Bolsters South Florida Presence With Key Brokerage Hires
Comcast has chosen not to renew its lease at the Sawgrass International Corporate Park in Sunrise, choosing instead to relocate its internet connectivity team to a new office in Pembroke Pines.
A report from Cushman & Wakefield for the first quarter shows that Comcast vacated 63,850 square feet at 789 International Parkway. That space is now being marketed for lease.
The vacated area accounts for more than half of the 112,791-square-foot building, which is owned by MG3 Sawgrass Office LLC, a company based in Aventura. The building was built in 1999.
Comcast representative Steve Campion explained that the Sunrise location wasn’t being fully used, prompting the move. The team has now settled into a 28,890-square-foot space at TheEdison Pembroke Pines, located at 1200 SW 145th Ave.
According to Campion, the smaller office is a better fit for the company’s current needs and offers proximity to the Shops at Pembroke Gardens, a well-known outdoor shopping center. He also mentioned that the new office, completed in 2019, offers a more modern and appealing environment for employees.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-04-21 18:24:182025-04-21 18:24:18Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines
Colliers announced the sale of a fully leased medical office building for $9.67 million.
The state-of-the-art surgery center is located at 6646 W Atlantic Avenue in Delray Beach.
Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction. The buyer, Alliance Consolidated Group of Companies, LLC., was self-represented in the deal.
“With strong demand in the medical office market throughout Palm Beach County, this deal presented a compelling opportunity, supported by strong long-term tenancy in a vibrant market,” said Rubin.
The ±16,761-square-foot medical office building underwent a comprehensive renovation in 2020, transforming it into a modern healthcare facility. As part of this upgrade, a top-tier multi-specialty surgery center was added, featuring two fully equipped operating rooms and three treatment rooms. Additional capital improvements included a new HVAC system and a complete renovation of the common areas, enhancing operational efficiency and patient comfort. The building is fully occupied, with a reputable multi-specialty physician group anchoring the first floor, while the second and third floors are leased to a premier ambulatory healthcare provider.
“Ownership executed an exceptional renovation, successfully repositioning the property as a high-quality medical asset in the market,” said Schauer. “Its modern features, combined with a prime location near Delray Medical Center, offer direct access to top-tier healthcare services in a market defined by limited supply and growing demand.”
The surgery center is ideally situated in one of South Florida’s most desired and rapidly growing healthcare markets. It boasts direct frontage along Atlantic Avenue, a central east-west corridor with visibility to 41,500 vehicles per day. The property offers seamless access to Florida’s Turnpike and Interstate 95, facilitating connectivity to key healthcare hubs. Additionally, it’s well positioned for accessibility, with Palm Beach International Airport only 25 minutes away and the Fort Lauderdale Central Business District within a 35-minute drive, making it a convenient destination for patients and providers alike.
Palm Beach County’s medical office market remains a prime choice for investors, driven by strong fundamentals, high occupancy, and rising rents. Medical office properties continue outperforming other asset classes, with a 94% occupancy rate and rents surging 23.5% over the past five years. The sector has remained resilient amid economic shifts, supported by steady in-migration and increasing demand for healthcare services. This was reflected in the sale of this premier medical office surgery center at a record-breaking $577 per square foot, far exceeding the county’s 2024 average of $279 per square foot.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-04-13 20:30:542025-04-13 20:30:54MOB Trades For $577 PSF In Delray Beach
NAI Merin Hunter Codman, Inc. has successfully finalized an ±11,800-square-foot lease transaction at Oakbrook Center on behalf of the landlord, WFMHC Golden Bear Owner LLC.
HotelPlanner.com operated by Lexyl Travel Technologies, LLC, will relocate its headquarters from Downtown West Palm Beach to Oakbrook Center, located at 11760, 11770, & 11780 US Highway One, in Palm Beach Gardens.
NAI Merin Hunter Codman Principal Jason Sundook led the lease negotiations between HotelPlanner.com and Oakbrook Center ownership.
HotelPlanner.com is a leading travel technology company that integrates proprietary artificial intelligence with a 24/7 global gig-economy-based travel agent concierge platform to serve travelers’ hotel needs. Founded in 2002, with offices in London, The Netherlands, and Singapore, HotelPlanner.com’s global headquarters has been located in Downtown West Palm Beach for a decade. Initially operating out of Phillips Point before moving to the PNC Bank Building at 205 Datura, this three-time honoree of Inc 5000’s list of fastest-growing private companies has chosen to relocate their headquarters to Oakbrook Center in Palm Beach Gardens.
Oakbrook Center is a 243,000-square-foot, Class-A office complex featuring three buildings. The property boasts private stacked terraces, floor-to-ceiling windows, lush courtyards, and stunning water views. Additional amenities include a complimentary fitness center, three types of parking (underground garage, covered, and surface), first-class property management, and onsite maintenance.
Sundook, Principal of NAI Merin Hunter Codman, commented on the choice to move to Palm Beach Gardens, “When our global, national, and regional clients approach me about relocating their headquarters or establishing a Palm Beach County presence, Palm Beach Gardens and Oakbrook Center are always part of the conversation. Palm Beach Gardens is a well-known finance, medical and tech hub, offering a strong labor pool, easy access for commuters, no congestion, and plenty of free parking. Additionally, the North Palm Market can offer 25-50% lease rate savings over Downtown West Palm Beach. Oakbrook Center’s competitive rates and excellent amenities allow the property to stand above the county’s competitor properties.”
Tim Hentschel, CEO of HotelPlanner.com, stated, “This move is an upgrade for both our employees and our company’s bottom line. Oakbrook Center offers the same luxury feel as the quality hotels we serve. Our new penthouse suite boasts two exterior patios and floor-to-ceiling windows, providing a bright, inspiring workspace with stunning Intracoastal water views. Our employees will also enjoy amenities such as a fitness center, courtyards, and convenient parking, all while benefiting from efficient commute times and easy access to nearby services.”
Oakbrook Center was purchased by WFMHC Golden Bear Owner LLC a joint venture between, MHCommercial Real Estate Fund LLC (“MHCREF”) and Waterfall Asset Management, LLC.
Jordan Paul, Chief Executive Officer of NAI Merin Hunter Codman stated, “We are thrilled to welcome HotelPlanner.com to Oakbrook Center. They are a fast-growing industry leader that compliments the outstanding tenant roster that we have at Oakbrook Center. We look forward to serving as their corporate headquarters and supporting their business for years to come.”
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-04-06 09:41:072025-04-06 09:41:07NAI Merin Hunter Codman Secures 12,000-SF, 10-Year Office Lease At Oakbrook Center In Palm Beach Gardens
The largest office building in Northwest Broward County has a new owner.
EH University Place LLC, an entity controlled by Essig Holdings, has completed its purchase of University Place at 3111 N University Drive in Coral Springs. They are acquiring the building from a partnership led by Bristol Group, a leading real estate investment and development group based in San Francisco.
CBRE represented Bristol and its partner, Butters Construction & Development, in the sale for $3o million.
At 10 stories, the landmark 263,000-square-foot, Class A building visually dominates the city’s central commercial district, which spans along University Drive just south of Sample Road in close proximity to City Hall, Northwest Regional Library, Coral Springs Charter School, and the Broward Health Coral Springs hospital campus.
The ColliersSouth Florida office leasing team of Darcie Lunsford and Caroline Fleischer has been chosen to handle leasing and marketing of the asset.
The purchase will usher in a new wave of luxury office space and leasing opportunities for the suburban, residentially-dense communities of Northwest Broward.
“University Place is already the highest-quality and best-amenitized office building in the market,“ said Lunsford, who has been involved with the leasing of the building for a decade. “This new ownership will make it even better by reinvesting to deliver a level of well-appointed office interiors, typically reserved for uber-pricey downtown trophy towers.”
Plans are already underway to build out ready-to-go, high-end office suites, aimed at serving businesses seeking the latest, most forward-thinking design elements to enhance the work experience.
“Bristol Group did a beautiful job in renovating the building. We look forward to enhancing it further in this thriving Coral Springs community,” said Dan Essig, President of Essig Holdings.
The Essig family has a long-standing real estate presence across the country in single/multi-family residential, industrial warehousing, self-storage, and other commercial properties, but is best known locally for founding Essig Pools and Artistic Paver Manufacturing. Essig Holdings is a father-son team with a focus on acquiring and improving commercial real estate assets across South Florida.
“We love Coral Springs,” Sam Essig, Vice President of Essig Holdings said, “We believe our plans will elevate University Place to the next level, setting a new standard for office space in the market.”
University Place is home to many of the region’s leading companies, including Cruise Planners, the nation’s lagest homebase travel agent franchise network, and popular restaurants, such as Tap 42 Craft Kitchen & Bar, Playa Bowls, and Embarcadero 41.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-03-30 19:58:542025-03-30 19:58:54Broward Office Building Sells To Local Family
JLL Arranges Five Office Leases Totaling 34,000 SF At Presidential Circle In Hollywood
/in Done Deals, News/by SFOBA STAFFJLL announced the completion of several new leases, including relocations, extensions, expansions and renewals at Presidential Circle in Hollywood that drive total occupancy at the two-tower, Class A office complex to 88 percent.
Situated at 4000 Hollywood Blvd., the 281,625-square-foot office building has executed leases with new and existing tenants from financial services firms to medical office users ranging in size from approximately 2,963 to over 16,000 square feet.
JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.
Among the new additions to Presidential Cricle’s distinguished roster of office tenants are:
Centrally located directly on one of Hollywood’s most traveled boulevards, Presidential Circle offers convenient access to Interstate 95 and Florida’s Turnpike. While the seven-story property features many on-site amenities including a café and banking center, additional restaurants and banking options are within walking distance including Jimmy Johns, Picadilly, Sub City, Wendy’s, Capones Italian, Il Posto, Sebastianos, and many more. Additional nearby retail options including shipping and office service stores include Target, CVS, Publix, Walmart, FedEx Office and UPS Store. Presidential Circle features a 24/7 lobby attendant and security, on-site property management and spacious conference facilities, in addition to a 4 to 1,000-square-foot parking ratio with covered options. Tenant-ready suites are also available for lease.
According to JLL’s latest office insight report for Broward County, development remains limited in Fort Lauderdale, with only T3 FAT Village East and West under construction. The office market exhibited a somewhat sluggish start to the year, however, rents continued their upward trajectory settling at $46.88 per square foot full service, marking an impressive 17.3% increase year-over-year.
JLL Bolsters South Florida Presence With Key Brokerage Hires
/in News/by SFOBA STAFFJLL announced the addition of two key broker hires, Sean Black as Senior Managing Director and Tyler de la Peña as Senior Vice President, further bolstering its office tenant representation team in South Florida.
The two experienced real estate professionals will join JLL’s leading tenant representation services team serving clients across the South Florida region.
In this new role, Black will focus on office tenant representation and portfolio client work. He is a seasoned industry leader who most recently served as Co-Founder and CEO of BLACKre. Prior to that, he was a part of JLL’s New York team for six years from 2009 to 2015. He also previously held senior positions at WeWork and Cushman & Wakefield, advising numerous portfolio clients. With a unique background as a former Olympic boxer, Black brings an unmatched level of determination and strength to his work advocating for clients. Relocating to Miami from New York City, his wealth of experience will be a key asset as JLL continues to grow its South Florida presence and expand its Integrated Portfolio Services (IPS) business.
As a South Florida native, de la Peña possesses an in-depth understanding of the region’s dynamic office market and a successful track record representing the needs of local, regional and national office tenants across South Florida. De la Peña’s previous roles include nearly six years working at Colliers International focusing on office occupier advisory services and three years as an office occupier advisor at CBRE. His client relationship skills and market knowledge make him an ideal fit for JLL, and his addition further strengthens the firm’s ability to serve its diverse portfolio of clients across the tri-county region.
Previously, JLL announced the addition of Ryan Levy as Executive Vice President with the company’s tenant representation team in South Florida. Levy is focused on servicing local, regional and national office users across various industries. Just two months later, JLL now welcomes the addition of Black and de la Peña, further strengthening the firm’s presence in South Florida. Their diverse backgrounds, market expertise, and proven track records serving clients will allow JLL to continue meeting the growing demand for tenant representation services in the region. The addition of these three experienced brokers so far this year, further solidifies JLL’s commitment to delivering exceptional client service and innovative real estate solutions.
Black is a graduate of the University of Western Ontario in Canada. De la Peña earned his bachelor’s degree from Florida State University in Tallahassee.
Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines
/in Done Deals, News/by SFOBA STAFFComcast has chosen not to renew its lease at the Sawgrass International Corporate Park in Sunrise, choosing instead to relocate its internet connectivity team to a new office in Pembroke Pines.
A report from Cushman & Wakefield for the first quarter shows that Comcast vacated 63,850 square feet at 789 International Parkway. That space is now being marketed for lease.
The vacated area accounts for more than half of the 112,791-square-foot building, which is owned by MG3 Sawgrass Office LLC, a company based in Aventura. The building was built in 1999.
Comcast representative Steve Campion explained that the Sunrise location wasn’t being fully used, prompting the move. The team has now settled into a 28,890-square-foot space at The Edison Pembroke Pines, located at 1200 SW 145th Ave.
According to Campion, the smaller office is a better fit for the company’s current needs and offers proximity to the Shops at Pembroke Gardens, a well-known outdoor shopping center. He also mentioned that the new office, completed in 2019, offers a more modern and appealing environment for employees.
Source: SFBJ
MOB Trades For $577 PSF In Delray Beach
/in Done Deals, News/by SFOBA STAFFColliers announced the sale of a fully leased medical office building for $9.67 million.
The state-of-the-art surgery center is located at 6646 W Atlantic Avenue in Delray Beach.
Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction. The buyer, Alliance Consolidated Group of Companies, LLC., was self-represented in the deal.
The ±16,761-square-foot medical office building underwent a comprehensive renovation in 2020, transforming it into a modern healthcare facility. As part of this upgrade, a top-tier multi-specialty surgery center was added, featuring two fully equipped operating rooms and three treatment rooms. Additional capital improvements included a new HVAC system and a complete renovation of the common areas, enhancing operational efficiency and patient comfort. The building is fully occupied, with a reputable multi-specialty physician group anchoring the first floor, while the second and third floors are leased to a premier ambulatory healthcare provider.
The surgery center is ideally situated in one of South Florida’s most desired and rapidly growing healthcare markets. It boasts direct frontage along Atlantic Avenue, a central east-west corridor with visibility to 41,500 vehicles per day. The property offers seamless access to Florida’s Turnpike and Interstate 95, facilitating connectivity to key healthcare hubs. Additionally, it’s well positioned for accessibility, with Palm Beach International Airport only 25 minutes away and the Fort Lauderdale Central Business District within a 35-minute drive, making it a convenient destination for patients and providers alike.
Palm Beach County’s medical office market remains a prime choice for investors, driven by strong fundamentals, high occupancy, and rising rents. Medical office properties continue outperforming other asset classes, with a 94% occupancy rate and rents surging 23.5% over the past five years. The sector has remained resilient amid economic shifts, supported by steady in-migration and increasing demand for healthcare services. This was reflected in the sale of this premier medical office surgery center at a record-breaking $577 per square foot, far exceeding the county’s 2024 average of $279 per square foot.
NAI Merin Hunter Codman Secures 12,000-SF, 10-Year Office Lease At Oakbrook Center In Palm Beach Gardens
/in Done Deals, News/by SFOBA STAFFNAI Merin Hunter Codman, Inc. has successfully finalized an ±11,800-square-foot lease transaction at Oakbrook Center on behalf of the landlord, WFMHC Golden Bear Owner LLC.
HotelPlanner.com operated by Lexyl Travel Technologies, LLC, will relocate its headquarters from Downtown West Palm Beach to Oakbrook Center, located at 11760, 11770, & 11780 US Highway One, in Palm Beach Gardens.
NAI Merin Hunter Codman Principal Jason Sundook led the lease negotiations between HotelPlanner.com and Oakbrook Center ownership.
HotelPlanner.com is a leading travel technology company that integrates proprietary artificial intelligence with a 24/7 global gig-economy-based travel agent concierge platform to serve travelers’ hotel needs. Founded in 2002, with offices in London, The Netherlands, and Singapore, HotelPlanner.com’s global headquarters has been located in Downtown West Palm Beach for a decade. Initially operating out of Phillips Point before moving to the PNC Bank Building at 205 Datura, this three-time honoree of Inc 5000’s list of fastest-growing private companies has chosen to relocate their headquarters to Oakbrook Center in Palm Beach Gardens.
Oakbrook Center is a 243,000-square-foot, Class-A office complex featuring three buildings. The property boasts private stacked terraces, floor-to-ceiling windows, lush courtyards, and stunning water views. Additional amenities include a complimentary fitness center, three types of parking (underground garage, covered, and surface), first-class property management, and onsite maintenance.
Oakbrook Center was purchased by WFMHC Golden Bear Owner LLC a joint venture between, MHCommercial Real Estate Fund LLC (“MHCREF”) and Waterfall Asset Management, LLC.
Broward Office Building Sells To Local Family
/in Done Deals, News/by SFOBA STAFFThe largest office building in Northwest Broward County has a new owner.
EH University Place LLC, an entity controlled by Essig Holdings, has completed its purchase of University Place at 3111 N University Drive in Coral Springs. They are acquiring the building from a partnership led by Bristol Group, a leading real estate investment and development group based in San Francisco.
CBRE represented Bristol and its partner, Butters Construction & Development, in the sale for $3o million.
At 10 stories, the landmark 263,000-square-foot, Class A building visually dominates the city’s central commercial district, which spans along University Drive just south of Sample Road in close proximity to City Hall, Northwest Regional Library, Coral Springs Charter School, and the Broward Health Coral Springs hospital campus.
The Colliers South Florida office leasing team of Darcie Lunsford and Caroline Fleischer has been chosen to handle leasing and marketing of the asset.
The purchase will usher in a new wave of luxury office space and leasing opportunities for the suburban, residentially-dense communities of Northwest Broward.
Plans are already underway to build out ready-to-go, high-end office suites, aimed at serving businesses seeking the latest, most forward-thinking design elements to enhance the work experience.
The Essig family has a long-standing real estate presence across the country in single/multi-family residential, industrial warehousing, self-storage, and other commercial properties, but is best known locally for founding Essig Pools and Artistic Paver Manufacturing. Essig Holdings is a father-son team with a focus on acquiring and improving commercial real estate assets across South Florida.
University Place is home to many of the region’s leading companies, including Cruise Planners, the nation’s lagest homebase travel agent franchise network, and popular restaurants, such as Tap 42 Craft Kitchen & Bar, Playa Bowls, and Embarcadero 41.