Foundry Commercial is set to redevelop two office buildings in Weston into modern industrial warehouses on behalf of the property owner.
Located at 3265 Meridian Parkway and 3040-3050 Universal Blvd, the site currently has a 42,992-square-foot office built in 1990 and a 67,350-square-foot office constructed in 1998.
The 11.3-acre site, currently under contract, will transition from traditional office use to industrial operations, part of a broader trend of suburban office-to-industrial conversions.
Foundry, which has completed more than $1.4 billion in acquisitions across office, retail, and senior housing, has earned recognition as NAIOP South Florida’s Developer of the Year for its innovative redevelopment projects.
The project is expected to attract distribution and light-industrial tenants, potentially prompting local infrastructure improvements to support increased traffic and operational needs.
CP Group and DRA Advisors announced more than 266,000 square feet of leasing activity at the 1.7-million-square-foot Boca Raton Innovation Campus (BRiC).
The activity includes three new leases and two renewals from tenants spanning healthcare, tech, and education sectors.
New leases include:
Allstar Recruiting Locums LLC leased 42,697 square feet, doubling its space as it relocates from Deerfield Beach.
Cinch Home Services signed for 32,888 square feet.
EchoTwin AI leased 2,704 square feet for its first office, with the founder relocating from San Francisco.
Renewals include:
Modernizing Medicine renewed 127,821 square feet.
Everglades University renewed 52,582 square feet.
Newtek renewed 7,810 square feet.
Jeff Kelly of CBRE represented CP Group in all transactions.
CP Group is finalizing a $100 million renovation of the former IBM R&D campus, adding amenities such as a wellness center operated by Boca Raton Regional Hospital, dining options, event spaces, fitness studios, and a 1,100-space parking garage.
The firm is also expanding its flexible “worCPlaces” spec suite program. Two completed phases totaling 30,000 square feet are fully leased, and a third phase—including six suites and seven individual offices—is under construction for delivery in January 2026.
BRiC was rezoned in 2023 to allow future development of residential, retail, hospitality, and entertainment uses, opening the campus to the public year-round. The property also serves as a venue for corporate events, community gatherings, and private celebrations.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-10-19 19:25:252025-10-19 19:25:25266,000 SF In New Leases, Renewals Reported At Boca Raton Innovation Campus
On Tuesday, Sept. 30, the long-anticipated $1.5 billion Metropica development officially broke ground in Sunrise.
The master-planned project is poised to transform western Broward County and is approved for 3,000 residential units, 650,000 square feet of office space, 485,000 square feet of retail and two hotels on a 50-acre site located between Sawgrass Mills and Amerant Bank Arena.
Metropica’s first phase will include approximately 900 luxury rental apartments, a retail plaza with restaurants and entertainment that will total approximately 150,000 square feet, and one of the two hotels.
During the groundbreaking event, Metropica Development LLC CEO Joseph Kavana, President Bernie Werner and Vice President Erick Collazo were joined by Sunrise Mayor Mike Ryan, Assistant Deputy Mayor Jacqueline Guzman and Commissioner Latoya Clarke.
Metropica also introduced, for the first time, its retail development and residential development partners. Poag Development Group, a Tennessee-based developer that pioneered the lifestyle retail center concept, will lead the retail development at Metropica. Poag Development President and CEO Josh Poag spoke on the company’s behalf during the event. Boca Raton-based Waypoint Residential will lead the residential development of Metropica, with Managing Director Chris Moore speaking on behalf of the company.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-10-12 18:25:532025-10-12 18:25:53$1.5 Billion Metropica Development Breaks Ground, Plans Include 650,000 SF Of Office Space
Pebb Capital, a national diversified real estate and private equity investment firm, announced the completion of Phase One at Sundy Village, its premier mixed-use development in the heart of Delray Beach.
The seven-acre campus recently received a TCO, marking a major milestone as a surge of new office, retail and food-and-beverage leases brings the project to 88 percent leased, with 268 below-grade parking spaces now available to the public.
Sundy Village has now delivered 100,000 square feet of Class A+ office space and 30,000 square feet of retail and dining. Woven into a walkable setting of shaded pathways and activated courtyards, new leases build on an early roster that includes Vertical Bridge, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot and Drinking Pig BBQ. Vertical Bridge originally leased 38,474 square feet and moved in earlier this year. The firm has since expanded, bringing its total footprint at Sundy Village to 48,140 square feet. With the TCO in place, restaurants have started their buildouts, with openings anticipated to begin later this year and continue on a rolling basis through the first half of 2026. The project has another 8,500 square feet of leases under negotiation, which would bring occupancy to more than 92 percent.
“Completing this phase with the majority of the campus leased affirms the strategy we envisioned from the outset,” said Todd Rosenberg, Co-Founder and Managing Principal at Pebb Capital. “Tenants see a strategic advantage to doing business where workplaces, amenities and lifestyle converge — positioning Sundy Village to serve as a long-term anchor and defining presence in Delray Beach’s continued growth.”
Signed tenants now include flexible workspaces, wellness, financial services and a wave of culinary concepts. New leases include:
Industrious, the national flexible workspace provider, will occupy 25,190 square feet across two standalone office buildings at 25 SW First Ave. and 35 SW First Ave. This reflects sustained demand for turnkey, design-forward offices that support hybrid work.
Maman, the New York–founded café and bakery known for its French-leaning menu and distinctive interiors, leased 1,768 square feet. The brand’s continued South Florida expansion will serve as an experience driver within Sundy Village’s pedestrian corridor.
Dragonfly MRI, a precision wellness imaging center, leased 6,485 square feet.
JTC, a global provider of funds, corporate and private client services, signed 2,458 square feet.
Fairstead Development, a purpose-driven real estate firm, leased 2,215 square feet.
Lost Coast Collective LLC, a boutique investment-management firm, signed 1,212 square feet.
Coastal Investment Company, a private equity real estate firm, leased 1,030 square feet.
Delray Beach Craft Brewing, LLC, a locally owned upscale restaurant featuring its own craft beer program, will take 1,143 square feet in the historic Cathcart House on Swinton Ave.
“Leasing at Sundy Village mirrors the top demand drivers across South Florida: efficient layouts, seamless indoor-outdoor connectivity and walkable amenities. We expect the remaining suites to transact quickly as companies look to secure space at what is becoming Delray Beach’s most well-rounded mixed-use address,” added John Criddle, Executive Vice President at CBRE, who oversees office leasing alongside Joe Freitas.
Sundy Village’s Phase Two construction progress will continue with a 79,141-square-foot standalone office building at 100 SE First Ave. and a 165-space parking garage at 48 SE First Ave. that will include 3,400 square feet of ground-floor retail. Through a partnership with the City of Delray Beach, the garage will be available for public use after 6 p.m. on weekdays and throughout the weekends — supporting both tenants and the surrounding district.
Situated within a mile from Interstate 95, Sundy Village is a gateway to Delray Beach’s entertainment corridor. With architecture by Gensler and RLC Architects, patrons enjoy thoughtful design that integrates open-air courtyards, breezy walkways, green space and indoor/outdoor dining and seating areas. One of the most unique aspects of Sundy Village is its ability to incorporate new construction with the preservation of historic homes on the property, several of which are listed on the National Register of Historic Places. These homes have been carefully restored throughout the development process. As part of this effort, historical plaques have been installed at the front and rear of the homes, offering visitors a glimpse into Delray Beach’s heritage while connecting past and present.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-10-05 14:47:162025-10-05 14:47:16Pebb Capital Completes Phase I Of Sundy Village With 88% Of Project Leased
CBRE facilitated two new office leases totaling 40,000 square feet at Sawgrass Concourse, a two-building office complex located in the Sawgrass International Corporate Park in Sunrise.
Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.
The State of Florida signed leases totaling 40,000 square feet in August. The Florida Department of Financial Services signed a 21,000-square-foot lease, and the Department of Revenue signed a 19,000-square-foot lease. Both state agencies are relocating from other parts of Broward County and are expected to move in during 2026.
“We are excited to welcome these tenants to Sawgrass Concourse,” said Messinger, executive vice president at CBRE. “Successfully backfilling 40,000 square feet of space in only seven months highlights the property’s appeal and underscores the ease and efficiency of working with MG3 Group. Their proactive approach and dedication to facilitating the deal were instrumental in this quick turnaround.”
Sawgrass Concourse is one of the premier flex office properties in the southwest Broward office market. The office complex provides companies with flexible and efficient floor plans, above-market parking ratios and convenient access to hotels and food/beverage options. Additionally, Sawgrass Concourse offers strategic accessibility with direct access to Sawgrass Expressway, the Florida Turnpike and Interstate 595 and 95.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-09-30 13:13:312025-09-30 13:13:31CBRE Announces New Leases At Sawgrass Concourse In Sunrise
NAI Merin Hunter Codman, Inc. successfully closed a high-priced office building sale in Downtown West Palm Beach.
NAI Merin Hunter Codman Managing Directors Lesley Sheinberg and Barbara LeBrun represented the owner, Thaler and Thaler, PA, in the $5,950,000 sale of the historic 9,446-square-foot Thaler & Thaler building, located at 700 N Olive Avenue.
The transaction equated to $630 per square foot, one of the highest sales per square foot for an office building in the West Palm Beach Central Business District submarket within the last year.
The two-story property, situated on 0.3 acres in the heart of downtown, went under contract within seven (7) days of listing and closed in just 65 days. Constance T. Thomas and David J. Thomas IV of TCRE represented the buyer, Palm Equity LLC.
According to CoStar Group’s September 2025 West Palm Beach CBD Office Submarket Report, the 12-month average sales price per square foot is $422, well below 700 N Olive’s $630 per square foot sale price. Downtown West Palm Beach, often dubbed “Wall Street South,” has benefited from tremendous development and growth over the past five years. It is no wonder that a property at the northeast corner of N Olive Avenue and N 7th Street, just blocks from N Flagler Drive and N Quadrille Boulevard, would achieve above-market pricing in what could be record time.
Thaler & Thaler P.A., a local law firm, engaged Sheinberg and LeBrun to bring their longtime property to market after owning the property for almost 40 years. Originally built in 1961, the property was purchased by Thaler & Thaler in 1987. In 2001 the firm built a new two-story office building on site comprised of a ground floor gated parking garage and larger, upper-level office space.
Thaler and Thaler praised the NAI Merin Hunter Codman team by stating, “Barbara LeBrun and Lesley Sheinberg are incredible. We went from listing to contract to closing at the speed of light and they went the extra mile on every detail. I’ve never had a transaction go so smoothly and I would recommend NAI/Merin Hunter Codman and these ladies in particular to anyone looking for a high rate of professionalism and effectiveness.”
Barbara LeBrun, Managing Director of NAI/Merin Hunter Codman commented, “It was an honor for my partner, Lesley Sheinberg, and me to exceed the goals and expectations of our client. Our constant and thorough evaluation of local market conditions allows us to properly advise our clients on timing. And as they say, timing is everything.”
“Lesley and Barbara are a powerhouse duo. Their professionalism and exceptional market knowledge, coupled with their superior negotiation skills are the secrets to their success. It is my honor to have them on the NAI Merin Hunter Codman brokerage team,” stated Jordan Paul, CEO, NAI Merin Hunter Codman.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2025-09-21 19:22:032025-09-21 19:22:03Historic Downtown WPB Office Building Sells For Over $600 PSF In Under 65 Days
Foundry Commercial Plans Office-To-Warehouse Redevelopment In Weston
/in News/by SFOBA STAFFFoundry Commercial is set to redevelop two office buildings in Weston into modern industrial warehouses on behalf of the property owner.
Located at 3265 Meridian Parkway and 3040-3050 Universal Blvd, the site currently has a 42,992-square-foot office built in 1990 and a 67,350-square-foot office constructed in 1998.
The 11.3-acre site, currently under contract, will transition from traditional office use to industrial operations, part of a broader trend of suburban office-to-industrial conversions.
Foundry, which has completed more than $1.4 billion in acquisitions across office, retail, and senior housing, has earned recognition as NAIOP South Florida’s Developer of the Year for its innovative redevelopment projects.
The project is expected to attract distribution and light-industrial tenants, potentially prompting local infrastructure improvements to support increased traffic and operational needs.
266,000 SF In New Leases, Renewals Reported At Boca Raton Innovation Campus
/in Done Deals, News/by SFOBA STAFFCP Group and DRA Advisors announced more than 266,000 square feet of leasing activity at the 1.7-million-square-foot Boca Raton Innovation Campus (BRiC).
The activity includes three new leases and two renewals from tenants spanning healthcare, tech, and education sectors.
New leases include:
Renewals include:
Jeff Kelly of CBRE represented CP Group in all transactions.
CP Group is finalizing a $100 million renovation of the former IBM R&D campus, adding amenities such as a wellness center operated by Boca Raton Regional Hospital, dining options, event spaces, fitness studios, and a 1,100-space parking garage.
The firm is also expanding its flexible “worCPlaces” spec suite program. Two completed phases totaling 30,000 square feet are fully leased, and a third phase—including six suites and seven individual offices—is under construction for delivery in January 2026.
BRiC was rezoned in 2023 to allow future development of residential, retail, hospitality, and entertainment uses, opening the campus to the public year-round. The property also serves as a venue for corporate events, community gatherings, and private celebrations.
$1.5 Billion Metropica Development Breaks Ground, Plans Include 650,000 SF Of Office Space
/in News/by SFOBA STAFFOn Tuesday, Sept. 30, the long-anticipated $1.5 billion Metropica development officially broke ground in Sunrise.
The master-planned project is poised to transform western Broward County and is approved for 3,000 residential units, 650,000 square feet of office space, 485,000 square feet of retail and two hotels on a 50-acre site located between Sawgrass Mills and Amerant Bank Arena.
Metropica’s first phase will include approximately 900 luxury rental apartments, a retail plaza with restaurants and entertainment that will total approximately 150,000 square feet, and one of the two hotels.
During the groundbreaking event, Metropica Development LLC CEO Joseph Kavana, President Bernie Werner and Vice President Erick Collazo were joined by Sunrise Mayor Mike Ryan, Assistant Deputy Mayor Jacqueline Guzman and Commissioner Latoya Clarke.
Metropica also introduced, for the first time, its retail development and residential development partners. Poag Development Group, a Tennessee-based developer that pioneered the lifestyle retail center concept, will lead the retail development at Metropica. Poag Development President and CEO Josh Poag spoke on the company’s behalf during the event. Boca Raton-based Waypoint Residential will lead the residential development of Metropica, with Managing Director Chris Moore speaking on behalf of the company.
Pebb Capital Completes Phase I Of Sundy Village With 88% Of Project Leased
/in Done Deals, News/by SFOBA STAFFPebb Capital, a national diversified real estate and private equity investment firm, announced the completion of Phase One at Sundy Village, its premier mixed-use development in the heart of Delray Beach.
The seven-acre campus recently received a TCO, marking a major milestone as a surge of new office, retail and food-and-beverage leases brings the project to 88 percent leased, with 268 below-grade parking spaces now available to the public.
Sundy Village has now delivered 100,000 square feet of Class A+ office space and 30,000 square feet of retail and dining. Woven into a walkable setting of shaded pathways and activated courtyards, new leases build on an early roster that includes Vertical Bridge, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot and Drinking Pig BBQ. Vertical Bridge originally leased 38,474 square feet and moved in earlier this year. The firm has since expanded, bringing its total footprint at Sundy Village to 48,140 square feet. With the TCO in place, restaurants have started their buildouts, with openings anticipated to begin later this year and continue on a rolling basis through the first half of 2026. The project has another 8,500 square feet of leases under negotiation, which would bring occupancy to more than 92 percent.
Signed tenants now include flexible workspaces, wellness, financial services and a wave of culinary concepts. New leases include:
Sundy Village’s Phase Two construction progress will continue with a 79,141-square-foot standalone office building at 100 SE First Ave. and a 165-space parking garage at 48 SE First Ave. that will include 3,400 square feet of ground-floor retail. Through a partnership with the City of Delray Beach, the garage will be available for public use after 6 p.m. on weekdays and throughout the weekends — supporting both tenants and the surrounding district.
Situated within a mile from Interstate 95, Sundy Village is a gateway to Delray Beach’s entertainment corridor. With architecture by Gensler and RLC Architects, patrons enjoy thoughtful design that integrates open-air courtyards, breezy walkways, green space and indoor/outdoor dining and seating areas. One of the most unique aspects of Sundy Village is its ability to incorporate new construction with the preservation of historic homes on the property, several of which are listed on the National Register of Historic Places. These homes have been carefully restored throughout the development process. As part of this effort, historical plaques have been installed at the front and rear of the homes, offering visitors a glimpse into Delray Beach’s heritage while connecting past and present.
CBRE Announces New Leases At Sawgrass Concourse In Sunrise
/in Done Deals, News/by SFOBA STAFFCBRE facilitated two new office leases totaling 40,000 square feet at Sawgrass Concourse, a two-building office complex located in the Sawgrass International Corporate Park in Sunrise.
Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.
The State of Florida signed leases totaling 40,000 square feet in August. The Florida Department of Financial Services signed a 21,000-square-foot lease, and the Department of Revenue signed a 19,000-square-foot lease. Both state agencies are relocating from other parts of Broward County and are expected to move in during 2026.
Sawgrass Concourse is one of the premier flex office properties in the southwest Broward office market. The office complex provides companies with flexible and efficient floor plans, above-market parking ratios and convenient access to hotels and food/beverage options. Additionally, Sawgrass Concourse offers strategic accessibility with direct access to Sawgrass Expressway, the Florida Turnpike and Interstate 595 and 95.
Historic Downtown WPB Office Building Sells For Over $600 PSF In Under 65 Days
/in Done Deals, News/by SFOBA STAFFNAI Merin Hunter Codman, Inc. successfully closed a high-priced office building sale in Downtown West Palm Beach.
NAI Merin Hunter Codman Managing Directors Lesley Sheinberg and Barbara LeBrun represented the owner, Thaler and Thaler, PA, in the $5,950,000 sale of the historic 9,446-square-foot Thaler & Thaler building, located at 700 N Olive Avenue.
The transaction equated to $630 per square foot, one of the highest sales per square foot for an office building in the West Palm Beach Central Business District submarket within the last year.
The two-story property, situated on 0.3 acres in the heart of downtown, went under contract within seven (7) days of listing and closed in just 65 days. Constance T. Thomas and David J. Thomas IV of TCRE represented the buyer, Palm Equity LLC.
According to CoStar Group’s September 2025 West Palm Beach CBD Office Submarket Report, the 12-month average sales price per square foot is $422, well below 700 N Olive’s $630 per square foot sale price. Downtown West Palm Beach, often dubbed “Wall Street South,” has benefited from tremendous development and growth over the past five years. It is no wonder that a property at the northeast corner of N Olive Avenue and N 7th Street, just blocks from N Flagler Drive and N Quadrille Boulevard, would achieve above-market pricing in what could be record time.
Thaler & Thaler P.A., a local law firm, engaged Sheinberg and LeBrun to bring their longtime property to market after owning the property for almost 40 years. Originally built in 1961, the property was purchased by Thaler & Thaler in 1987. In 2001 the firm built a new two-story office building on site comprised of a ground floor gated parking garage and larger, upper-level office space.