Feldman Equities announced it has achieved a 94%+ occupancy following the signing of numerous new leases at Pinnacle Corporate Park, a Class A office campus at 500 and 550 West Cypress Creek Road in Ft. Lauderdale.
Pinnacle Corporate Park, located in the Cypress Creek submarket in North Ft. Lauerdale, is adjacent to the intersection of West Cypress Creek Road and is immediately adjacent to a Tri-Rail railroad station.
The roster of new and expanded tenants at Pinnacle Corporate Park includes:
Sound Income Group, LLC- 11,900 SF new lease
Maxim Healthcare Staffing Services, Inc.-8,314 SF new lease
Dimension Hospitality-7,757 SF new lease
La Cava Jacobson and Goodis, P.A.-5,919 SF new lease
Legacy Staffing-2,928 SF new lease
Clean Initiative FL, Inc.-2,287 SF new lease
Parsons Services Company-1,824 SF new lease
Harmon Inc.-1,502 SF new lease
Chen Moore and Associates, Inc.-12,405 SF lease renewal and expansion
Ascendo-6,292 SF lease renewal and expansion
Your LTC Resource, Inc.-1,592 SF lease renewal and expansion
Johnson & Martin, P.A.-1,465 SF lease renewal and expansion
Filomena’s Bean Café-1,410 SF new lease
“We’re thrilled to extend a warm welcome to our new tenants joining the dynamic community of Pinnacle Corporate Park,” said Larry Feldman, President and CEO of Feldman Equities. “We’re committed to providing a topnotch experience for our tenants, and the recent additions to our tenant roster are a testament to the capital improvements we’ve implemented. At Feldman Equities, we have worked very hard to enhance the overall environment and services we offer to our valued tenants.”
Pinnacle Corporate Park was 80% occupied when Feldman Equities acquired the property about two years ago. Following the acquisition, ownership has recently completed a multimillion-dollar renovation to the property. The renovations were designed by the world-renowned Gensler architectural firm. Improvements include:
Large high-end fitness center
First-class tenant lounge with soft seating and private meeting booths
Indoor and outdoor game area
New café with indoor and outdoor seating
Patio area with new pergolas for shade
New lighting throughout the common areas of the building
Pinnacle Corporate Park boasts near immediate access to Interstate 95 and is walking distance to hotels, restaurants, retail and banking and following the renovations, the buildings are now the best-amenitized office buildings in the Cypress Creek submarket. Pinnacle Corporate Park also offers EV charging stations and an on-site parking ratio of four spaces per 1,000 rentable square feet.
Despite the weaker office market nationally, the Sunshine State’s office market is benefitting from robust job growth, nation-leading population growth, a business-friendly regulatory climate and an influx of employers and workers from other parts of the United States.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-08-06 21:01:052023-08-06 21:01:05Cypress Creek Office Park Reaches 94% Occupancy With New Lease Deals, Renewals And Expansions
Ultimate Kronos Group, Inc. (“UKG”) has completed a 140,599-square-foot long-term office lease renewal and a 14,072-square-foot office lease expansion (cumulatively 154,671 square feet) at Weston Pointe, located at 2250 North Commerce Parkway in Weston.
Ultimate Software Group, Inc., which merged with Kronos Incorporated in 2020 to form UKG, was founded in Weston in 1990. UKG currently operates a dual headquarters model, with one headquarters located in Lowell, Massachusetts and the other in Weston, Florida.
Cushman & Wakefield’s Deanna Lobinsky and Chase Kulp represented the landlord, an institutional client of New York Life Real Estate Investors, in the lease negotiations. John Boyle, Tony Jones, and Mary Burnieka, also of Cushman and Wakefield, represented the tenant, UKG.
“At nearly 155,000 square feet, this market-making transaction is the largest office lease renewal completed in Broward County since 2019. With the execution of this lease, UKG, one of the largest and most recognizable HCM, payroll, and workforce management technology companies in the world, has reaffirmed its commitment to maintaining a strong office and employment presence in both Weston, FL and Broward County, respectively. Our team worked with ownership to develop a strategy to mitigate the risks of new development in the area and secured a long-term lease that was extremely accretive for the asset,” said Lobinsky, Executive Director at Cushman & Wakefield.
“On behalf of ownership, we are very excited to have renewed and expanded UKG at Weston Pointe. The property is now 97% leased with a 7.5 year weighted average lease term, which is an incredible accomplishment given the current macroeconomic headwinds facing the office sector. We couldn’t be more pleased with Deanna and Chase’s persistence and performance in executing this renewal with such an important tenant for our client,” added Joe Thomas, Director of Asset Management at New York Life Real Estate Investors.
Weston Pointe is a four-building, Class A, suburban office asset acquired by New York Life Real Estate Investors in January 2016. Weston Pointe is situated at the intersection of I-75 and Royal Palm Boulevard in one of the most prestigious office submarkets in Broward County. The property offers abundant parking, on-site property management provided by Foundry Commercial, a recently modernized tenant fitness center, and the property recently achieved LEED Silver certification and a Fitwel Level 1 designation.
Colliers announced that Scott Brenner has joined the firm as Executive Vice President based in South Florida.
In his new role, Scott will focus on providing quality advisory and transaction services based out of the Boca Raton office.
“At Colliers, we take pride in attracting exceptional talent throughout the region. We are delighted to add Scott’s diverse expertise to the firm,” said Julie Northcutt-Dunn, Executive Managing Director and Market Leader for Colliers South Florida.
With over 35 years of experience, Scott has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
Before joining CBRE as Executive Vice President, he was the President/CEO of Brenner Real Estate Group, a full-service commercial real estate firm that sold to CBRE in 2017. With unparalleled knowledge and skills, Scott propelled Brenner Real Estate Group to over a billion dollars in transactions over thirty years. In addition to being an industry leader, Scott is a licensed attorney, and his professional credentials include JD, CCIM, and SIOR.
Scott is an active member of various industry organizations, including The Realtor’s Association, NAIOP, BOMA, ULI, ICSC, and many more. Scott is a member and trustee of the Greater Boca Raton Chamber of Commerce and has served on many non-profit boards, including Habitat for Humanity, 211 Broward, Jewish Federation, ADL, Jewish National Fund, and Hillel.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-07-23 19:08:232023-07-23 19:08:23Seasoned CRE Vet Joins Colliers As Executive Vice President
Cohen Brothers Realty Corporation of Florida(CBRC) has announced the development of West Palm Point, a new 2.4-acre development with a 400,000-square-foot Class A office tower and amenities in West Palm Beach.
The 26-story office tower will offer tenants a variety of amenities including a one-of-a-kind private landscaped rooftop park, 14,416 square feet of premier ground floor retail space, multiple fast-casual restaurants, a fitness center, conference rooms and unobstructed views of the intracoastal waterway and Atlantic Ocean.
Pelli Clarke & Partners and Nichols Brosch Wurst Wolf are the architects of record.
“Pelli Clarke & Partners, the internationally renowned design architecture firm behind West Palm Point, has designed another masterpiece that will be appreciated around the world,” said Charles S. Cohen.
CBRC has appointed CBRE as the exclusive office leasing agent. John Criddle, Joe Freitas and Max Pawk with CBRE will lead local marketing and leasing efforts in partnership with Marc Horowitz from Cohen Brothers in New York.
“Our team is fielding calls and scheduling meetings with local and national tenants who recognize the elevated level of quality and experience a Pelli Clarke & Partners building will bring to the West Palm Beach Central Business District,” said Criddle. “There is no doubt West Palm Point will be a world-class office destination serving one of the fastest-growing cities in the financial services and corporate sectors.”
The West Palm Point development will occupy a full city block at the intersection of Okeechobee Blvd. and Quadrille Blvd. in downtown West Palm Beach, including a Class A office tower and an adjacent parking structure.
The 10-story parking garage will have space for approximately 1,250 automobiles and 120 bicycles, as well as a rooftop gathering area with a café, shaded seating, paseo, and water feature. Additionally, there will be outdoor seating between the office building and parking structure to help support population growth of downtown.
Construction is anticipated to commence in the fourth quarter of 2023, with expected tenant occupancy beginning in the third quarter of 2026.
CBRC is one of the foremost private office real estate development and management corporations in the United States, led by award-winning developer Charles S. Cohen. CBRC owns and manages over 12 million square feet of prime office, design showroom, and retail properties in Manhattan and Westchester County, New York; West Hollywood, California; Houston, Texas; and Dania Beach.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-07-16 21:42:442023-07-16 21:42:44Cohen Brothers Announces New 400,000 SF Class A Office Tower, Names CBRE Exclusive Leasing Agent
Gale Properties has appointed CBRE as the exclusive leasing agent for The Anthony Building, a historic five-story property in Downtown West Palm Beach.
Located at 312 Clematis St., the 25,000-square-foot property was originally constructed in 1925 as Anthony’s department store. Gale Properties acquired the property in 2016. Ownership plans to execute a capital improvement plan, including renovating the building’s exterior façade, installing a new elevator cab, and updating the common areas with new lighting and flooring.
“Now is the right time to invest in upgrading this iconic property. Clematis Street is experiencing an infusion of capital to transform the area into a high-end live-work-play area as evidenced by the addition of new residential options, Roxy’s announcement of its rooftop restaurant and pool addition, and the Anthony’s own Fitness Hub Studio recently named as one of the top twelve most beautiful gyms in the country,” said Gale Properties President Andrew Gale.
CBRE Senior Associate Max Pawk will lead leasing efforts on behalf of Gale Properties with spaces ranging from 500 square feet to 4,000 square feet of contiguous space available for lease.
“The Anthony Building has been a staple in the heart of Downtown West Palm Beach for many years. Ownership has already invested capital to create move-in ready suites, including some furnished options, and is looking to make further upgrades to meet the immediate needs of tenants looking for a smaller footprint in the market, such as CPAs, attorneys, or financial advisors,” said Pawk.
The property features four floors of office space with high ceilings and hardwood floors, set above ground floor retail.
Tenants have easy access to various restaurants and retail options, as well as nearby access to Palm Beach International and the Brightline train.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-07-11 20:17:522023-07-11 20:17:52Gale Properties Appoints CBRE Exclusive Leasing Agent For West Palm Office Property
Avison Young’s Florida Capital Markets Group completed the $15,450,000 sale of Plantation Medical Office Park, a six-building, single-story medical office campus totaling 63,319 square feet at 6710-6834 West Sunrise Blvd. in South Florida’s Plantation submarket.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
Avison Young Principals John K. Crotty, CCIM; David Duckworth; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; and Brian C. de la Fé sold the asset on behalf of PPP Capital, LLC. The buyer was Bezrat H., Corp.
“Located in one of Broward County’s most desirable office submarkets, Plantation Medical Office Park is 98% occupied with a rent roll composed entirely of medical tenants, many of which have been there for decades and have expanded their operations and occupied additional space,” said Crotty. “The buyer will benefit from stable, long-term cash flow as the asset appreciates and the option to fulfill the property’s significant value-add potential through developing a vacant pad previously approved for a two-story 22,000-square-foot medical building.”
Plantation Medical Office Park is in a densely populated, major commerce and medical hub with over 200,000+ residents, 7,000+ businesses, and $2.3 billion in total consumer spending within a five-mile radius. With exceptional visibility from Sunrise Boulevard, the Park is strategically located just three miles from Westside Regional Medical Center, a full-service 250-bed hospital. Notable tenants include American Access Care, Dickens Sanomi Academy, and Baptist Hospital of Miami, Inc.
“Medical office is currently one of the most desirable property types among investors due to the stability of in-person doctor-patient care solidifying tenant need for physical space,” said Duckworth. “Marketing the attractiveness of medical office and the ideal location of this asset, in particular, allowed us to secure strong pricing despite market uncertainties in the financial markets.”
Avison Young insights show the latest banking crisis has led to more economic headwinds for investors, rendering it difficult to secure financing for commercial real estate transactions, particularly within the office sector. However, the greater need for physical space and high costs associated with relocations and build-outs among medical office tenants abate the concerns of investors and financiers alike and make medical assets the exception during challenging times.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2023-07-03 14:05:592023-07-03 14:05:59Plantation Medical Office Park Trades
Cypress Creek Office Park Reaches 94% Occupancy With New Lease Deals, Renewals And Expansions
/in Done Deals, News/by SFOBA STAFFFeldman Equities announced it has achieved a 94%+ occupancy following the signing of numerous new leases at Pinnacle Corporate Park, a Class A office campus at 500 and 550 West Cypress Creek Road in Ft. Lauderdale.
Pinnacle Corporate Park, located in the Cypress Creek submarket in North Ft. Lauerdale, is adjacent to the intersection of West Cypress Creek Road and is immediately adjacent to a Tri-Rail railroad station.
The roster of new and expanded tenants at Pinnacle Corporate Park includes:
Pinnacle Corporate Park was 80% occupied when Feldman Equities acquired the property about two years ago. Following the acquisition, ownership has recently completed a multimillion-dollar renovation to the property. The renovations were designed by the world-renowned Gensler architectural firm. Improvements include:
Pinnacle Corporate Park boasts near immediate access to Interstate 95 and is walking distance to hotels, restaurants, retail and banking and following the renovations, the buildings are now the best-amenitized office buildings in the Cypress Creek submarket. Pinnacle Corporate Park also offers EV charging stations and an on-site parking ratio of four spaces per 1,000 rentable square feet.
Despite the weaker office market nationally, the Sunshine State’s office market is benefitting from robust job growth, nation-leading population growth, a business-friendly regulatory climate and an influx of employers and workers from other parts of the United States.
Cushman & Wakefield Represents Landlord & Tenant In Huge Office Lease Renewal, Expansion
/in Done Deals, News/by SFOBA STAFFUltimate Kronos Group, Inc. (“UKG”) has completed a 140,599-square-foot long-term office lease renewal and a 14,072-square-foot office lease expansion (cumulatively 154,671 square feet) at Weston Pointe, located at 2250 North Commerce Parkway in Weston.
Ultimate Software Group, Inc., which merged with Kronos Incorporated in 2020 to form UKG, was founded in Weston in 1990. UKG currently operates a dual headquarters model, with one headquarters located in Lowell, Massachusetts and the other in Weston, Florida.
Cushman & Wakefield’s Deanna Lobinsky and Chase Kulp represented the landlord, an institutional client of New York Life Real Estate Investors, in the lease negotiations. John Boyle, Tony Jones, and Mary Burnieka, also of Cushman and Wakefield, represented the tenant, UKG.
Weston Pointe is a four-building, Class A, suburban office asset acquired by New York Life Real Estate Investors in January 2016. Weston Pointe is situated at the intersection of I-75 and Royal Palm Boulevard in one of the most prestigious office submarkets in Broward County. The property offers abundant parking, on-site property management provided by Foundry Commercial, a recently modernized tenant fitness center, and the property recently achieved LEED Silver certification and a Fitwel Level 1 designation.
Seasoned CRE Vet Joins Colliers As Executive Vice President
/in News/by SFOBA STAFFColliers announced that Scott Brenner has joined the firm as Executive Vice President based in South Florida.
In his new role, Scott will focus on providing quality advisory and transaction services based out of the Boca Raton office.
With over 35 years of experience, Scott has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
Before joining CBRE as Executive Vice President, he was the President/CEO of Brenner Real Estate Group, a full-service commercial real estate firm that sold to CBRE in 2017. With unparalleled knowledge and skills, Scott propelled Brenner Real Estate Group to over a billion dollars in transactions over thirty years. In addition to being an industry leader, Scott is a licensed attorney, and his professional credentials include JD, CCIM, and SIOR.
Scott is an active member of various industry organizations, including The Realtor’s Association, NAIOP, BOMA, ULI, ICSC, and many more. Scott is a member and trustee of the Greater Boca Raton Chamber of Commerce and has served on many non-profit boards, including Habitat for Humanity, 211 Broward, Jewish Federation, ADL, Jewish National Fund, and Hillel.
Cohen Brothers Announces New 400,000 SF Class A Office Tower, Names CBRE Exclusive Leasing Agent
/in News/by SFOBA STAFFCohen Brothers Realty Corporation of Florida (CBRC) has announced the development of West Palm Point, a new 2.4-acre development with a 400,000-square-foot Class A office tower and amenities in West Palm Beach.
The 26-story office tower will offer tenants a variety of amenities including a one-of-a-kind private landscaped rooftop park, 14,416 square feet of premier ground floor retail space, multiple fast-casual restaurants, a fitness center, conference rooms and unobstructed views of the intracoastal waterway and Atlantic Ocean.
Pelli Clarke & Partners and Nichols Brosch Wurst Wolf are the architects of record.
CBRC has appointed CBRE as the exclusive office leasing agent. John Criddle, Joe Freitas and Max Pawk with CBRE will lead local marketing and leasing efforts in partnership with Marc Horowitz from Cohen Brothers in New York.
The West Palm Point development will occupy a full city block at the intersection of Okeechobee Blvd. and Quadrille Blvd. in downtown West Palm Beach, including a Class A office tower and an adjacent parking structure.
The 10-story parking garage will have space for approximately 1,250 automobiles and 120 bicycles, as well as a rooftop gathering area with a café, shaded seating, paseo, and water feature. Additionally, there will be outdoor seating between the office building and parking structure to help support population growth of downtown.
Construction is anticipated to commence in the fourth quarter of 2023, with expected tenant occupancy beginning in the third quarter of 2026.
CBRC is one of the foremost private office real estate development and management corporations in the United States, led by award-winning developer Charles S. Cohen. CBRC owns and manages over 12 million square feet of prime office, design showroom, and retail properties in Manhattan and Westchester County, New York; West Hollywood, California; Houston, Texas; and Dania Beach.
Gale Properties Appoints CBRE Exclusive Leasing Agent For West Palm Office Property
/in News/by SFOBA STAFFLocated at 312 Clematis St., the 25,000-square-foot property was originally constructed in 1925 as Anthony’s department store. Gale Properties acquired the property in 2016. Ownership plans to execute a capital improvement plan, including renovating the building’s exterior façade, installing a new elevator cab, and updating the common areas with new lighting and flooring.
CBRE Senior Associate Max Pawk will lead leasing efforts on behalf of Gale Properties with spaces ranging from 500 square feet to 4,000 square feet of contiguous space available for lease.
The property features four floors of office space with high ceilings and hardwood floors, set above ground floor retail.
Tenants have easy access to various restaurants and retail options, as well as nearby access to Palm Beach International and the Brightline train.
Plantation Medical Office Park Trades
/in Done Deals, News/by SFOBA STAFFAvison Young’s Florida Capital Markets Group completed the $15,450,000 sale of Plantation Medical Office Park, a six-building, single-story medical office campus totaling 63,319 square feet at 6710-6834 West Sunrise Blvd. in South Florida’s Plantation submarket.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
Avison Young Principals John K. Crotty, CCIM; David Duckworth; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; and Brian C. de la Fé sold the asset on behalf of PPP Capital, LLC. The buyer was Bezrat H., Corp.
Plantation Medical Office Park is in a densely populated, major commerce and medical hub with over 200,000+ residents, 7,000+ businesses, and $2.3 billion in total consumer spending within a five-mile radius. With exceptional visibility from Sunrise Boulevard, the Park is strategically located just three miles from Westside Regional Medical Center, a full-service 250-bed hospital. Notable tenants include American Access Care, Dickens Sanomi Academy, and Baptist Hospital of Miami, Inc.
Avison Young insights show the latest banking crisis has led to more economic headwinds for investors, rendering it difficult to secure financing for commercial real estate transactions, particularly within the office sector. However, the greater need for physical space and high costs associated with relocations and build-outs among medical office tenants abate the concerns of investors and financiers alike and make medical assets the exception during challenging times.