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CBRE Capital Markets Secures $30.2 Million Financing Broward Office Building

January 13, 2025/in Done Deals, News/by admin

CBRE Capital Markets’ Debt & Structured Finance Group has successfully secured a $30.2 million bank balance sheet loan to finance Cornerstone One, a premier Class A office property in Plantation.

The transaction was facilitated by CBRE’s Senior Vice President Amy Julian and First Vice President Andrew Chilgren.

Situated in the Midtown Plantation Development District, Cornerstone One benefits from the recent addition of over 3,900 multifamily apartments and 350,000 square feet of new retail space. Its strategic location at the intersection of key Broward County roadways offers exceptional transportation access, making it an attractive destination for tenants.

“Cornerstone One’s prime location and exceptional asset quality have enabled the property to execute nearly 90,000 square feet of leasing in the past two years,” said Julian.

This strong leasing momentum precedes the Owner’s planned renovations, which include a lobby overhaul, move-in ready spec suites, as well as upgrades to the outdoor patios.

“The ongoing renovations will reinforce Cornerstone One’s position as one of the leading suburban office properties in South Florida,” added Chilgren.

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2025-01-13 08:19:522025-01-13 08:19:52CBRE Capital Markets Secures $30.2 Million Financing Broward Office Building

Office Building Near Gardens Mall Sold For $428 PSF

January 6, 2025/in Done Deals, News/by admin

A Palm Beach Gardens office building just south of the Gardens Mall has been sold for $30.3 million.

OG 3001 PGA Blvd LLC, led by Robert D. Owens of Orlando’s Owens Realty Capital, transferred ownership of the 70,730-square-foot property at 3001 PGA Blvd. to APC (US) 3001 PGA LP, a Delaware-based entity with ties to Toronto’s private equity firm Roadmap Capital.

The transaction price equates to $428 per square foot.

The three-story building last changed hands in 2018 for $25.1 million. Palm Beach County has continued to see strong demand for office space, with many affluent individuals relocating to the area, often bringing their businesses along.

Constructed in 2006, the property sits on a 5.6-acre plot. Its tenants include Seacoast Bank and American Title Insurance Co.

 

Source:  SFBJ

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2025-01-06 11:51:112025-01-06 11:51:11Office Building Near Gardens Mall Sold For $428 PSF

Marcus & Millichap Brokers $12 Million Sale Of Mixed-Use Office, Retail Portfolio In Coral Springs

December 29, 2024/in Done Deals, News/by admin

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.

 

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2024-12-29 13:10:032024-12-29 13:10:03Marcus & Millichap Brokers $12 Million Sale Of Mixed-Use Office, Retail Portfolio In Coral Springs

CBRE Arranges Sale, Financing Of Boca Office Building

December 22, 2024/in Done Deals, News/by admin

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.

 

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2024-12-22 15:45:172024-12-22 15:45:17CBRE Arranges Sale, Financing Of Boca Office Building

Colliers Welcomes Seasoned Vice President To Drive Strategic Growth Initiatives

December 15, 2024/in News/by admin

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.

 

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2024-12-15 08:10:002024-12-15 08:10:00Colliers Welcomes Seasoned Vice President To Drive Strategic Growth Initiatives

SFOBA Looking For Luncheon Hosts

December 8, 2024/in News/by admin

If you would like to showcase your office property, SFOBA is looking for hosts for the 2025 SFOBA Luncheon Calendar.

seeking 2025 hosts

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.

 

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2024-12-08 08:15:462024-12-08 08:15:46SFOBA Looking For Luncheon Hosts
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