Marcus & Millichap announced the sale of Promenade of Coral Springs, a mixed-use office and retail portfolio located at 1999 N. University Drive in Coral Springs for $11,940,000.
“This property boasts a great mix of office and retail tenants in one of South Florida’s most sought-after neighborhoods,” says Alex Zylberglait, executive managing director investments in Marcus & Millichap’s Miami office. “With significant upside in occupancy and rents, the new ownership will benefit for many years to come.”
Zylberglait and Michael Crocchiola exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
The property includes 58,446 square feet of rentable space across two buildings on 5.23 acres. It features 35,349 square feet of Class A office space divided into 14 suites, 13,360 square feet of multi-tenant retail across seven units, and a 9,737-square-foot outparcel occupied by Miller’s Ale House, which has been a tenant since 2003. The site has a diverse tenant mix, including national brands such as Avis and Nothing Bundt Cakes, along with established local businesses.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-12-29 13:10:032024-12-29 13:10:03Marcus & Millichap Brokers $12 Million Sale Of Mixed-Use Office, Retail Portfolio In Coral Springs
CBRE Capital Markets has facilitated the $20 million sale of Boca Corporate Center, a four-story, 93,219-square-foot boutique office building located at 2101 NW Corporate Boulevard in Boca Raton.
The buyer, Larsen MacColl Partners, is a Pennsylvania- and Florida-based real estate investment firm with a focus on commercial properties in affluent, dense suburban markets and with primarily professional service tenants. Boston-based Spaulding and Slye Investments, with over 50 years of experience investing in the U.S., provided asset management services on behalf of the seller.
Exclusively representing the seller, the sale was facilitated by the CBRE’s Office Investment Sales team, led by Vice Chairman Christian Lee, Vice President Sean Kelly, Senior Associate Tom Rappa, and Financial Analyst Matthew Lee. CBRE’s Debt & Structured Finance team, led by Senior Vice President Amy Julian and First Vice Present Andrew Chilgren, secured a $14 million loan with Deutsche Bank on behalf of the buyer.
“The property’s location within the Midtown Boca micromarket provides immediate access to the City’s top retail destinations as well as I-95 and the Turnpike,” said Lee.
“The boutique nature of the property appeals to the smaller tenants that frequent the Boca submarket,” added Kelly.
Boca Corporate Center features recently renovated lobby and common areas, highly efficient floor plates, and walkable amenities. There is significant upside through marking the in-place rents up to today’s higher market rents.
“Boca Corporate Center’s strong occupancy history, in-place income and future upside provided abundant confidence on the future success of the asset throughout the lending community,” said Chilgren.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-12-22 15:45:172024-12-22 15:45:17CBRE Arranges Sale, Financing Of Boca Office Building
Colliers announced that Michael Osiecki has joined the firm as Vice President based in South Florida.
In his new role, Michael will focus on providing quality office services out of the Boca Raton office.
“I am delighted to welcome Michael to our expanding team of best-in-class leasing professionals in South Florida,” said Dustin Ballard, Managing Director and Market Leader for Colliers South Florida. “He plays a crucial role for Colliers in our market by enhancing our agency and tenant representation leasing services in Palm Beach County. Mike’s client-first mentality and solutions-driven approach offers our clients a blend of institutional expertise and entrepreneurial spirit in leasing.”
With 10 years of brokerage experience, Michael is recognized as a leading expert in office space throughout Palm Beach County. His versatility is a key strength, evident in his expertise in representing high-quality landlords and tenants. This adaptability has resulted in numerous successful transactions with well-known clients, including O’Connor Capital Partners, Blue Water Advisors, Altarock, Snowpoint Advisors, Charles Schwab, Silverman Group, the Muscular Dystrophy Association, PNC Bank, Wells Fargo Insurance, Edward Jones, Palm Equity, the University of Miami, Redbird Capital, and Harlan Capital.
Michael’s career in commercial real estate began as a financial analyst at ING Clarion Partners for the Lion Industrial Trust Acquisitions team.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-12-15 08:10:002024-12-15 08:10:00Colliers Welcomes Seasoned Vice President To Drive Strategic Growth Initiatives
In the coming months, three diverse companies—a bank, an IT firm, and a provider of autism therapy services—will be relocating to a 24-story office tower in downtown Fort Lauderdale.
Pebb Capital, Intalex Capital, and CDS International Holdings revealed that their 110 East Broward Boulevard building, a 24-story structure, is now 64% leased, following a series of office lease agreements over the past 15 months.
The largest tenant will be ABA Centers of America, a South Florida-based provider of autism therapy. Listed among the fastest-growing private companies by Inc. Magazine and the Business Journal, ABA Centers will occupy 48,000 square feet across the building’s top three floors. The company had originally planned to occupy a single floor but will now take up more space once construction is complete in January, according to ABA’s Director of Public Relations, Katie Murphy.
Founded in 2020, ABA Centers specializes in autism treatment at its facilities in Florida, New Hampshire, and Massachusetts. The company is also preparing to open a 13,341-square-foot testing and treatment center near South University’s Royal Palm Beach campus.
Seacoast Bank, the sixth-largest bank headquartered in Florida, will open a 7,795-square-foot retail branch and office on the building’s first floor in May. Based in Stuart, Seacoast Bank made notable acquisitions in 2022, purchasing Miami’s Apollo Bank for $168.3 million and Coral Gables-based Professional Bank for $489 million.
Chelsea Technologies, a New York-based IT services provider for hedge funds, banks, and private equity firms, will take up a 3,221-square-foot office on the 20th floor. Chelsea is scheduled to move in June, relocating from its current office at 101 N.E. 3rd Ave in Fort Lauderdale, according to a spokesperson for Pebb Capital.
Travis Herring and Katherine Ridgway of Cushman & Wakefield represented the building’s landlords in the lease negotiations.
In May 2023, the South Florida real estate firms Pebb, Intalex, and CDS acquired the 110 East Broward Boulevard building for $43 million. At the time of purchase, the 1982-built office tower was only 28% leased, as noted in a press release from the owners.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-12-01 20:45:322024-12-01 20:45:32Three Companies Secure Space At 110 East Broward
Spec suites are gaining traction in South Florida’s commercial real estate market.
Fort Lauderdale, in particular, is emerging as a key player in this trend, offering 52 spec suites across 16 properties, totaling more than 61,000 square feet, according to a recent report from Avison Young. This represents a notable increase in activity, with 17 transactions completed so far this year, compared to just 12 in 2023.
The Downtown Fort Lauderdale submarket is leading the way, providing 26 suites spanning over 61,000 square feet. In comparison, Southwest Broward offers 13 suites with a combined 38,000 square feet of space. Smaller spec suite offerings can also be found in areas like Pompano Beach and Hollywood, each providing just over 10,000 square feet.
At present, Fort Lauderdale’s office market includes 29 vacant, built-out spaces, with 23 more still under construction or in the planning stages.
“As more companies look to establish offices in South Florida, spec suites offer a quick and convenient solution, reducing the time and effort required for planning and construction,” said Greg Martin, Managing Director of Avison Young’s Fort Lauderdale office. “Moreover, the increasing demand from tenants seeking to adjust their office space for better productivity is further driving the need for ‘move-in ready’ spaces. The time, cost, and energy savings benefit both landlords and tenants.”
Most importantly, the office sector is recovering from the pandemic’s effects. South Florida is leading the nation in office space recovery, with nearly 90% of employees back to in-office work, according to the Fort Lauderdale Downtown Development Authority.
“Although remote work remains a part of the equation, Downtown Fort Lauderdale has largely remained unaffected by the decline in office worker foot traffic,” the authority noted.
Many industry experts, including those at Goldman Sachs, believe the office market has already hit its lowest point.
https://sfoba.com/wp-content/uploads/2011/09/fort-lauderdale-skyline-night.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-11-24 17:41:352024-11-24 17:41:35Fort Lauderdale’s Office Sector Sees Pick Up In Spec Suites
Marcus & Millichap Brokers $12 Million Sale Of Mixed-Use Office, Retail Portfolio In Coral Springs
/in Done Deals, News/by SFOBA STAFFMarcus & Millichap announced the sale of Promenade of Coral Springs, a mixed-use office and retail portfolio located at 1999 N. University Drive in Coral Springs for $11,940,000.
Zylberglait and Michael Crocchiola exclusively marketed the property on behalf of the seller and procured the buyer, a local private investor.
The property includes 58,446 square feet of rentable space across two buildings on 5.23 acres. It features 35,349 square feet of Class A office space divided into 14 suites, 13,360 square feet of multi-tenant retail across seven units, and a 9,737-square-foot outparcel occupied by Miller’s Ale House, which has been a tenant since 2003. The site has a diverse tenant mix, including national brands such as Avis and Nothing Bundt Cakes, along with established local businesses.
CBRE Arranges Sale, Financing Of Boca Office Building
/in Done Deals, News/by SFOBA STAFFCBRE Capital Markets has facilitated the $20 million sale of Boca Corporate Center, a four-story, 93,219-square-foot boutique office building located at 2101 NW Corporate Boulevard in Boca Raton.
The buyer, Larsen MacColl Partners, is a Pennsylvania- and Florida-based real estate investment firm with a focus on commercial properties in affluent, dense suburban markets and with primarily professional service tenants. Boston-based Spaulding and Slye Investments, with over 50 years of experience investing in the U.S., provided asset management services on behalf of the seller.
Exclusively representing the seller, the sale was facilitated by the CBRE’s Office Investment Sales team, led by Vice Chairman Christian Lee, Vice President Sean Kelly, Senior Associate Tom Rappa, and Financial Analyst Matthew Lee. CBRE’s Debt & Structured Finance team, led by Senior Vice President Amy Julian and First Vice Present Andrew Chilgren, secured a $14 million loan with Deutsche Bank on behalf of the buyer.
Boca Corporate Center features recently renovated lobby and common areas, highly efficient floor plates, and walkable amenities. There is significant upside through marking the in-place rents up to today’s higher market rents.
Colliers Welcomes Seasoned Vice President To Drive Strategic Growth Initiatives
/in News/by SFOBA STAFFColliers announced that Michael Osiecki has joined the firm as Vice President based in South Florida.
In his new role, Michael will focus on providing quality office services out of the Boca Raton office.
With 10 years of brokerage experience, Michael is recognized as a leading expert in office space throughout Palm Beach County. His versatility is a key strength, evident in his expertise in representing high-quality landlords and tenants. This adaptability has resulted in numerous successful transactions with well-known clients, including O’Connor Capital Partners, Blue Water Advisors, Altarock, Snowpoint Advisors, Charles Schwab, Silverman Group, the Muscular Dystrophy Association, PNC Bank, Wells Fargo Insurance, Edward Jones, Palm Equity, the University of Miami, Redbird Capital, and Harlan Capital.
Michael’s career in commercial real estate began as a financial analyst at ING Clarion Partners for the Lion Industrial Trust Acquisitions team.
SFOBA Looking For Luncheon Hosts
/in News/by SFOBA STAFFIf you would like to showcase your office property, SFOBA is looking for hosts for the 2025 SFOBA Luncheon Calendar.
Kindly reach out to Cory Friedman at 954.242.1418 or cory@martinezteamcommercial.com
or
Gus Martinez at 954.394.7078 or gus@martinezteamcommercial.com with interest.
Three Companies Secure Space At 110 East Broward
/in Done Deals, News/by SFOBA STAFFIn the coming months, three diverse companies—a bank, an IT firm, and a provider of autism therapy services—will be relocating to a 24-story office tower in downtown Fort Lauderdale.
Pebb Capital, Intalex Capital, and CDS International Holdings revealed that their 110 East Broward Boulevard building, a 24-story structure, is now 64% leased, following a series of office lease agreements over the past 15 months.
The largest tenant will be ABA Centers of America, a South Florida-based provider of autism therapy. Listed among the fastest-growing private companies by Inc. Magazine and the Business Journal, ABA Centers will occupy 48,000 square feet across the building’s top three floors. The company had originally planned to occupy a single floor but will now take up more space once construction is complete in January, according to ABA’s Director of Public Relations, Katie Murphy.
Founded in 2020, ABA Centers specializes in autism treatment at its facilities in Florida, New Hampshire, and Massachusetts. The company is also preparing to open a 13,341-square-foot testing and treatment center near South University’s Royal Palm Beach campus.
Seacoast Bank, the sixth-largest bank headquartered in Florida, will open a 7,795-square-foot retail branch and office on the building’s first floor in May. Based in Stuart, Seacoast Bank made notable acquisitions in 2022, purchasing Miami’s Apollo Bank for $168.3 million and Coral Gables-based Professional Bank for $489 million.
Chelsea Technologies, a New York-based IT services provider for hedge funds, banks, and private equity firms, will take up a 3,221-square-foot office on the 20th floor. Chelsea is scheduled to move in June, relocating from its current office at 101 N.E. 3rd Ave in Fort Lauderdale, according to a spokesperson for Pebb Capital.
Travis Herring and Katherine Ridgway of Cushman & Wakefield represented the building’s landlords in the lease negotiations.
In May 2023, the South Florida real estate firms Pebb, Intalex, and CDS acquired the 110 East Broward Boulevard building for $43 million. At the time of purchase, the 1982-built office tower was only 28% leased, as noted in a press release from the owners.
Source: SFBJ
Fort Lauderdale’s Office Sector Sees Pick Up In Spec Suites
/in Done Deals, News/by SFOBA STAFFSpec suites are gaining traction in South Florida’s commercial real estate market.
Fort Lauderdale, in particular, is emerging as a key player in this trend, offering 52 spec suites across 16 properties, totaling more than 61,000 square feet, according to a recent report from Avison Young. This represents a notable increase in activity, with 17 transactions completed so far this year, compared to just 12 in 2023.
The Downtown Fort Lauderdale submarket is leading the way, providing 26 suites spanning over 61,000 square feet. In comparison, Southwest Broward offers 13 suites with a combined 38,000 square feet of space. Smaller spec suite offerings can also be found in areas like Pompano Beach and Hollywood, each providing just over 10,000 square feet.
At present, Fort Lauderdale’s office market includes 29 vacant, built-out spaces, with 23 more still under construction or in the planning stages.
Most importantly, the office sector is recovering from the pandemic’s effects. South Florida is leading the nation in office space recovery, with nearly 90% of employees back to in-office work, according to the Fort Lauderdale Downtown Development Authority.
Many industry experts, including those at Goldman Sachs, believe the office market has already hit its lowest point.
Source: GlobeSt.