The 274,000-square-foot One Financial Plaza office building in Downtown Fort Lauderdale inched closer to the auction block this month.
Trimont, acting as special servicer on a $61.5M collateralized loan obligation tied to the property, filed a foreclosure complaint Aug. 12 against Alliance HP. The vertically integrated real estate firm not only owns One Financial Plaza but also has one of its two U.S. offices at the property at 100 SE Third Ave.
In the suit, filed in Florida’s 17th Judicial Circuit for Broward County, the lender argued the appointment of a receiver was necessary because Alliance HP has been collecting rent payments but not making required debt service payments.
“The Defendant has continued to collect the revenues and profits from the Property, while the payments due to Plaintiff under the Mortgage have not been paid,” unnamed attorneys from Holland & Knight representing Trimont wrote in the suit.
Judge John Bowman granted the motion Tuesday, appointing Chris Neilson, president of Trigild Florida, to act as receiver for the debt settlement. The lawsuit was identified and distributed by property intelligence platform Vizzda.
The special servicer alleges in the suit that Alliance HP has defaulted on $61M in fees and costs, including $59M in unpaid principal after the debt matured and an additional $2M in default interest, which the suit says continues to accrue at a 5% rate.
CBRE Capital Markets’ Debt & Structured Finance group secured a $96 million loan for the refinancing of Northbridge Centre, a 294,493-square-foot office tower in South Florida.
CBRE Senior Vice President Amy Julian and First Vice President Andrew Chilgren represented the borrower, a joint-venture that includes Vanderbilt Office Properties and Trinity Capital Advisors. BMO originated the loan.
Northbridge Centre is located at 515 N. Flagler in West Palm Beach. Currently, the property is 92% leased to a diverse roster of 48 tenants.
The investment group has meticulously maintained and renovated the 21-story office building with over $18 million of recent capital investment including multi-tenant floor renovations, speculative suite buildouts, elevator and lobby renovations, and exterior upgrades. These projects have repositioned the asset into a top office destination for tenants in South Florida.
“The current ownership has been tremendously successful at Northbridge Centre,” said Julian. “They have executed 88,000 square feet of leases since the start of 2022, which has driven rents up by 46% since acquiring the property in 2019.”
Northbridge Centre features panoramic water views of the intracostal waterway, the Atlantic Ocean, and Clear Lake as well as spectacular views of Palm Beach Island and the West Palm Beach skyline. Additionally, the property offers tenants three on-site dining venues, rooftop amenity deck, full-service banking, executive valet parking with direct building access, a Paul James salon, a fitness center with extensive programming, and a state-of-the-art conference facility.
“New-to-market leasing activity has led to West Palm Beach emerging as one of the nation’s top performing submarkets,” added Chilgren. “Since the end of 2020, Class A vacancy has dropped 900 basis points to just 9.8%, while rents have simultaneously increased by more than 50%.”
Cushman & Wakefield has been retained to oversee leasing efforts for the Miramar Parkway Collection and Commercial Place I & II (pictured above), two Class A South Florida office portfolios totaling 548,000 square feet on behalf of YMP Real Estate Management.
Donna Korn and Beau Ladwig of the commercial real estate services firm will lease the properties.
YMP Real Estate Management is a private real estate firm engaged in the acquisition and management of multi-family, assisted living, and commercial properties. Currently, YMP REM has a portfolio consisting of approximately 4,000 multi-family units, 3 assisted living facilities, and 1.9 million square feet of commercial space.
The Miramar Parkway Collection includes Miramar Centre I & III and Huntington Centre I & I, which are located at 3401 and 3601 SW 160th Ave. and 2901 and 2801 SW 149th Ave., respectively. The buildings are positioned in a central location and just a short drive away from Miami’s CBD, Fort Lauderdale, and the Florida Turnpike.
Miramar Centre I & II are LEED Gold Certified and total 191,000 square feet, offering fully furnished suites. Plans are in place to add a new fitness center, grab-n-go café, and conference facility serving tenants across the buildings. Huntington Centre I & II are also LEED Gold Certified with stunning water views, grab-n-go cafe and on-site property management and coming soon a conference facility and spec suites to accommodate a variety of office users. Full renovations will also be made to Huntington Centre II’s lobby and common areas.
Commercial Place I & II are located at 3230 and 3250 W Commercial Blvd. and span 175,861 square feet total. They were recently acquired by YMP Real Estate for $26 million and offer best-in-class amenities such as recently renovated lobby and fitness center, state-of-the-art conference facility for up to 40 people, full-service on-site café, and are conveniently positioned between Interstate 95 and the Florida Turnpike.
“This is a significant partnership with YMP Real Estate Management and we’re proud to market two portfolios that not only have tremendous potential to achieve strong long-term tenancy in South Florida’s resilient office environment but are backed by a diverse roster of corporate tenants,” said Korn, Managing Director at Cushman & Wakefield.
“We look forward to these assets being the next success story in YMP Real Estate’s South Florida portfolio,” added Ladwig, Senior Associate at Cushman & Wakefield.
https://sfoba.com/wp-content/uploads/2012/05/Commercial-Place-3230-Commercial-Blvd.-Ft.-Lauderdale.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-08-25 12:00:352024-08-25 12:00:35Cushman & Wakefield To Oversee Leasing Of Two South Florida Office Portfolios Totaling 548,000 SF
Caroline Fleischer and Darcie Lunsford have joined Colliers International South Florida as Senior Vice Presidents.
Darcie and Caroline will work as a team based in the Boca Raton office, focusing on all aspects of office leasing services.
“We’re thrilled to welcome Caroline and Darcie to the Colliers team to further enhance our office leasing platform. Their combined experience in commercial real estate and extensive involvement in the community bring a dynamic approach to executing on behalf of our clients,” said Dustin Ballard, Managing Director and Market Leader for Colliers South Florida.
With over 30 years of experience in the industry, Caroline is a seasoned professional specializing in tenant representation in the South Florida region. Her previous role as Executive Vice President of Occupier Services at Butters Realty & Management saw her leading the ramp-up of tenant representation services as well as expanding on landlord-side leasing initiatives for Butters and various third-party accounts. Before joining Butters in 2019, Caroline was the Managing Principal for tenant representation-only firm CRESA South Florida, hired to rebuild the company’s practice. She also spent more than a decade of her career as a tenant representative at Cushman & Wakefield in South Florida.
Darcie brings her extensive commercial real estate experience, focusing on landlord representation of office properties in Palm Beach and Broward County. Before joining Colliers, she served as Executive Vice President of Landlord Services at Butters Realty & Management, where she oversaw the leasing and repositioning of office assets for Butters and other third-party landlords. Prior to Butters, Darcie spent 22 years as a newspaper and television reporter, covering the commercial real estate industry for over a decade at the South Florida Business Journal. Darcie has been selected to serve on the National Board of Directors for NAIOP in 2025, the nation’s largest commercial real estate development association. She is the past Chair of the NAIOP Florida PAC and the past president of NAIOP South Florida and NAIOP Florida, which sets and executes the statewide legislative/lobbying objectives for Florida’s commercial development industry.
Over the previous three years, Caroline and Darcie, as a team, have demonstrated strong deal-making acumen by executing over 200 transactions, generating more than $150 million in office lease and sales value for their clients despite pandemic market challenges. Their diverse portfolio includes the recent lease up and repositioning of noteworthy office assets such as University Place at City Center in Coral Springs, Northwest Broward County’s largest office tower, 1900 Midtown in Boca Raton, and the Corporate Plaza at Lakeside in Fort Lauderdale, where they have doubled leasing since taking over the listing.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-08-18 11:15:332024-08-18 11:15:33Caroline Fleischer, Darcie Lunsford Join New CRE Firm As Senior Vice Presidents
Cushman & Wakefield has arranged the $26 million sale of Commercial Place I and II, a two-building, Class A office campus located at 3230 and 3250 W Commercial Blvd. within Fort Lauderdale’s Cypress Creek/Commercial Boulevard submarket.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi and Miguel Alcivar of Cushman & Wakefield represented the seller in the transaction. The properties were sold by Brookwood Commercial Place, LLC and acquired by MYP Commercial Place, LLC, an entity managed by Moshe Popack.
“Commercial Place I & II has a history of strong occupancy and institutional ownership making it one of the premier office assets in Central Broward County,” said O’Donnell, Executive Managing Director at Cushman & Wakefield. “With best-in-class amenities and an existing roster of national corporate tenants, Commercial Place I & II offered a tremendous value-add opportunity to return the campus’ occupancy back to historical norms while enjoying strong, debt supporting cash flows.”
Commercial Place I & II spans 175,861 square feet total and was approximately 78% leased at the time of sale to a diverse mix of long-term tenants. The office campus includes best-in-class amenities such as a recently renovated lobby and fitness center, state-of-the-art conference facility for up to 40 people, and a full-service on-site café. Additionally, Commercial Place I & II is conveniently located between Interstate 95 and the Florida Turnpike, boasting unbeatable highway access and visibility to 5.3 million people within a one-hour drive.
https://sfoba.com/wp-content/uploads/2012/05/Commercial-Place-3230-Commercial-Blvd.-Ft.-Lauderdale.jpg270275SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-08-11 14:29:252024-08-11 14:29:25Cushman & Wakefield Arranges $26M Sale Of Fort Lauderdale Office Campus
As Boca Raton’s leasing surge surpasses other major office hubs, Venture X, the nation’s third largest coworking operator, has signed a long-term top floor lease at Palmetto Central in Boca Raton, encompassing 28,959 square feet.
Colliers’ Executive Vice President Derek Baker represented the tenant in negotiating the deal. CBRE’s Joe Freitas, John Criddle and Max Pawk represented the landlord, Grover Corlew, in the lease negotiations.
“I’m thrilled to have assisted Venture X in securing a premier location for their new flagship site in Boca Raton,” said Baker. “Venture X sought to leverage the flight-to-quality trend for its coworking customers, by focusing on only quality assets and ownership. Grover Corlew’s expansive redevelopment of Palmetto Central aligns perfectly with these goals, creating a best-in-class office experience in Central Boca Raton.”
Palmetto Central, located at 1489 and 1499 W Palmetto Park Road, stands out with its Class A office space in a state-of-the-art redevelopment immediately east off Interstate 95, in Boca Raton’s bustling market. The property’s prime location offers unmatched access to the East Coast, being just minutes away from Downtown Boca Raton, the Glades Corridor and the new Brightline Boca Raton Station.
The property is undergoing an ongoing and phased $30 million renovation which has included significant upgrades to the two building’s façades, lobbies, and common area corridors, all aimed at elevating the asset and tenant mix to the highest quality. The property’s standout features include floor-to-ceiling windows, custom high-quality buildouts, full-height hurricane impact windows, and premium amenities such as a tenant lounge, fitness center, conference facility, and monument building signage opportunities.
“With the high demand for modern office space in downtown Boca Raton, Palmetto Central stands out in terms of quality and location,” said Mark Corlew, Partner at Grover Corlew. “We’re excited to welcome Venture X, which will thrive thanks to the distinctive upgrades that have brought this property to its full potential.”
Grover Corlew is a real estate investment management group and developer of multifamily and office properties with a proven track record of over 100 years of combined industry experience in acquiring, transforming, and managing a diverse range of assets, including office, multifamily, and retail properties, throughout the southeastern U.S., with a focus on Florida. The firm has developed, owned, and managed over 10,000 units and more than 10 million sq. ft. of commercial space, specializing in investor and tenant relationships and projects that revitalize and stimulate local communities.
Kevin Priddy, the Venture X franchise owner, expressed excitement about Venture X’s expansion into Boca Raton, stating, “Opening a Venture X in Boca Raton is a thrilling milestone for us, it is the perfect market for our brand, with its dynamic business community and thriving entrepreneurial spirit. We are excited to provide a modern and collaborative workspace that caters to professionals, entrepreneurs, and small businesses, offering them the ideal environment to innovate, network, and grow.”
In the second quarter of 2024, the Boca Raton office market emerged as a prime destination for office tenants, leading leasing activity in Palm Beach County. Leasing across the Boca Raton East, West, and North submarkets surpassed 250,000 sq. ft., accounting for 38% of all Palm Beach County leasing during the quarter. This robust activity can be attributed to the highly educated workforce spurred by local institutions such as Florida Atlantic University, Lynn University and Palm Beach State College. Additionally, the new Boca Raton Brightline Station has improved connectivity, enabling companies to access talent from the broader South Florida region. With this advantageous convergence of factors, the outlook for the Boca Raton office market remains positive as we enter the second half of 2024.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2024-08-04 11:38:412024-08-04 11:38:41Coworking Operator Signs 29K SF Lease For Office Space In Boca Raton Amidst Leasing Surge
Fort Lauderdale Office Tower Heads Toward Foreclosure After Missing Repayment Deadline
/in News/by SFOBA STAFFThe 274,000-square-foot One Financial Plaza office building in Downtown Fort Lauderdale inched closer to the auction block this month.
Trimont, acting as special servicer on a $61.5M collateralized loan obligation tied to the property, filed a foreclosure complaint Aug. 12 against Alliance HP. The vertically integrated real estate firm not only owns One Financial Plaza but also has one of its two U.S. offices at the property at 100 SE Third Ave.
In the suit, filed in Florida’s 17th Judicial Circuit for Broward County, the lender argued the appointment of a receiver was necessary because Alliance HP has been collecting rent payments but not making required debt service payments.
Judge John Bowman granted the motion Tuesday, appointing Chris Neilson, president of Trigild Florida, to act as receiver for the debt settlement. The lawsuit was identified and distributed by property intelligence platform Vizzda.
The special servicer alleges in the suit that Alliance HP has defaulted on $61M in fees and costs, including $59M in unpaid principal after the debt matured and an additional $2M in default interest, which the suit says continues to accrue at a 5% rate.
Source: Bisnow
CBRE Secures $96M Refinancing West Palm Office Tower
/in News/by SFOBA STAFFCBRE Capital Markets’ Debt & Structured Finance group secured a $96 million loan for the refinancing of Northbridge Centre, a 294,493-square-foot office tower in South Florida.
CBRE Senior Vice President Amy Julian and First Vice President Andrew Chilgren represented the borrower, a joint-venture that includes Vanderbilt Office Properties and Trinity Capital Advisors. BMO originated the loan.
Northbridge Centre is located at 515 N. Flagler in West Palm Beach. Currently, the property is 92% leased to a diverse roster of 48 tenants.
The investment group has meticulously maintained and renovated the 21-story office building with over $18 million of recent capital investment including multi-tenant floor renovations, speculative suite buildouts, elevator and lobby renovations, and exterior upgrades. These projects have repositioned the asset into a top office destination for tenants in South Florida.
Northbridge Centre features panoramic water views of the intracostal waterway, the Atlantic Ocean, and Clear Lake as well as spectacular views of Palm Beach Island and the West Palm Beach skyline. Additionally, the property offers tenants three on-site dining venues, rooftop amenity deck, full-service banking, executive valet parking with direct building access, a Paul James salon, a fitness center with extensive programming, and a state-of-the-art conference facility.
Cushman & Wakefield To Oversee Leasing Of Two South Florida Office Portfolios Totaling 548,000 SF
/in News/by SFOBA STAFFCushman & Wakefield has been retained to oversee leasing efforts for the Miramar Parkway Collection and Commercial Place I & II (pictured above), two Class A South Florida office portfolios totaling 548,000 square feet on behalf of YMP Real Estate Management.
Donna Korn and Beau Ladwig of the commercial real estate services firm will lease the properties.
YMP Real Estate Management is a private real estate firm engaged in the acquisition and management of multi-family, assisted living, and commercial properties. Currently, YMP REM has a portfolio consisting of approximately 4,000 multi-family units, 3 assisted living facilities, and 1.9 million square feet of commercial space.
The Miramar Parkway Collection includes Miramar Centre I & III and Huntington Centre I & I, which are located at 3401 and 3601 SW 160th Ave. and 2901 and 2801 SW 149th Ave., respectively. The buildings are positioned in a central location and just a short drive away from Miami’s CBD, Fort Lauderdale, and the Florida Turnpike.
Miramar Centre I & II are LEED Gold Certified and total 191,000 square feet, offering fully furnished suites. Plans are in place to add a new fitness center, grab-n-go café, and conference facility serving tenants across the buildings. Huntington Centre I & II are also LEED Gold Certified with stunning water views, grab-n-go cafe and on-site property management and coming soon a conference facility and spec suites to accommodate a variety of office users. Full renovations will also be made to Huntington Centre II’s lobby and common areas.
Commercial Place I & II are located at 3230 and 3250 W Commercial Blvd. and span 175,861 square feet total. They were recently acquired by YMP Real Estate for $26 million and offer best-in-class amenities such as recently renovated lobby and fitness center, state-of-the-art conference facility for up to 40 people, full-service on-site café, and are conveniently positioned between Interstate 95 and the Florida Turnpike.
Caroline Fleischer, Darcie Lunsford Join New CRE Firm As Senior Vice Presidents
/in News/by SFOBA STAFFCaroline Fleischer and Darcie Lunsford have joined Colliers International South Florida as Senior Vice Presidents.
Darcie and Caroline will work as a team based in the Boca Raton office, focusing on all aspects of office leasing services.
With over 30 years of experience in the industry, Caroline is a seasoned professional specializing in tenant representation in the South Florida region. Her previous role as Executive Vice President of Occupier Services at Butters Realty & Management saw her leading the ramp-up of tenant representation services as well as expanding on landlord-side leasing initiatives for Butters and various third-party accounts. Before joining Butters in 2019, Caroline was the Managing Principal for tenant representation-only firm CRESA South Florida, hired to rebuild the company’s practice. She also spent more than a decade of her career as a tenant representative at Cushman & Wakefield in South Florida.
Darcie brings her extensive commercial real estate experience, focusing on landlord representation of office properties in Palm Beach and Broward County. Before joining Colliers, she served as Executive Vice President of Landlord Services at Butters Realty & Management, where she oversaw the leasing and repositioning of office assets for Butters and other third-party landlords. Prior to Butters, Darcie spent 22 years as a newspaper and television reporter, covering the commercial real estate industry for over a decade at the South Florida Business Journal. Darcie has been selected to serve on the National Board of Directors for NAIOP in 2025, the nation’s largest commercial real estate development association. She is the past Chair of the NAIOP Florida PAC and the past president of NAIOP South Florida and NAIOP Florida, which sets and executes the statewide legislative/lobbying objectives for Florida’s commercial development industry.
Over the previous three years, Caroline and Darcie, as a team, have demonstrated strong deal-making acumen by executing over 200 transactions, generating more than $150 million in office lease and sales value for their clients despite pandemic market challenges. Their diverse portfolio includes the recent lease up and repositioning of noteworthy office assets such as University Place at City Center in Coral Springs, Northwest Broward County’s largest office tower, 1900 Midtown in Boca Raton, and the Corporate Plaza at Lakeside in Fort Lauderdale, where they have doubled leasing since taking over the listing.
Cushman & Wakefield Arranges $26M Sale Of Fort Lauderdale Office Campus
/in Done Deals, News/by SFOBA STAFFCushman & Wakefield has arranged the $26 million sale of Commercial Place I and II, a two-building, Class A office campus located at 3230 and 3250 W Commercial Blvd. within Fort Lauderdale’s Cypress Creek/Commercial Boulevard submarket.
Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi and Miguel Alcivar of Cushman & Wakefield represented the seller in the transaction. The properties were sold by Brookwood Commercial Place, LLC and acquired by MYP Commercial Place, LLC, an entity managed by Moshe Popack.
Commercial Place I & II spans 175,861 square feet total and was approximately 78% leased at the time of sale to a diverse mix of long-term tenants. The office campus includes best-in-class amenities such as a recently renovated lobby and fitness center, state-of-the-art conference facility for up to 40 people, and a full-service on-site café. Additionally, Commercial Place I & II is conveniently located between Interstate 95 and the Florida Turnpike, boasting unbeatable highway access and visibility to 5.3 million people within a one-hour drive.
Coworking Operator Signs 29K SF Lease For Office Space In Boca Raton Amidst Leasing Surge
/in Done Deals, News/by SFOBA STAFFAs Boca Raton’s leasing surge surpasses other major office hubs, Venture X, the nation’s third largest coworking operator, has signed a long-term top floor lease at Palmetto Central in Boca Raton, encompassing 28,959 square feet.
Colliers’ Executive Vice President Derek Baker represented the tenant in negotiating the deal. CBRE’s Joe Freitas, John Criddle and Max Pawk represented the landlord, Grover Corlew, in the lease negotiations.
Palmetto Central, located at 1489 and 1499 W Palmetto Park Road, stands out with its Class A office space in a state-of-the-art redevelopment immediately east off Interstate 95, in Boca Raton’s bustling market. The property’s prime location offers unmatched access to the East Coast, being just minutes away from Downtown Boca Raton, the Glades Corridor and the new Brightline Boca Raton Station.
The property is undergoing an ongoing and phased $30 million renovation which has included significant upgrades to the two building’s façades, lobbies, and common area corridors, all aimed at elevating the asset and tenant mix to the highest quality. The property’s standout features include floor-to-ceiling windows, custom high-quality buildouts, full-height hurricane impact windows, and premium amenities such as a tenant lounge, fitness center, conference facility, and monument building signage opportunities.
Grover Corlew is a real estate investment management group and developer of multifamily and office properties with a proven track record of over 100 years of combined industry experience in acquiring, transforming, and managing a diverse range of assets, including office, multifamily, and retail properties, throughout the southeastern U.S., with a focus on Florida. The firm has developed, owned, and managed over 10,000 units and more than 10 million sq. ft. of commercial space, specializing in investor and tenant relationships and projects that revitalize and stimulate local communities.
In the second quarter of 2024, the Boca Raton office market emerged as a prime destination for office tenants, leading leasing activity in Palm Beach County. Leasing across the Boca Raton East, West, and North submarkets surpassed 250,000 sq. ft., accounting for 38% of all Palm Beach County leasing during the quarter. This robust activity can be attributed to the highly educated workforce spurred by local institutions such as Florida Atlantic University, Lynn University and Palm Beach State College. Additionally, the new Boca Raton Brightline Station has improved connectivity, enabling companies to access talent from the broader South Florida region. With this advantageous convergence of factors, the outlook for the Boca Raton office market remains positive as we enter the second half of 2024.