Tiktin Real Estate Investment Services (TREIS) announced the sale of an 11-story, 117,668 square-foot multi-tenant office building at 1250 E. Hallandale Beach Blvd. in Hallandale Beach.
The buyer, Soliman Corp., an affiliate of 1250 E. Hallandale LP, acquired the property from Murray Family Associates, an affiliate of KEI Properties, for $16.5 million.
Adam J. Tiktin, president and broker of TREIS, represented both the Buyer and Seller in this transaction.
The closing took place March 31st.
Originally constructed in 1973, the building is 78 percent leased. The city of Hallandale Beach is one of South Florida’s most dynamic and fast growing cities. The building is situated on over 2.5 acres of land and located just two miles from the Aventura Mall and less than a mile away from Gulfstream Park.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2021-04-12 03:15:522021-04-12 03:15:52Tiktin Real Estate Brokers $16.5 Million Sale Of Broward Office Building
Cushman & Wakefield has arranged two leases at 3001 PGA Boulevard in Palm Beach Gardens.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the owners, Owens Realty Capital, in the lease negotiations.
Janney Montgomery Scott, a financial advisement firm, signed a lease for 7,031 square feet, and Cummings & Lockwood, a law firm providing a broad range of trust and estates services, signed a lease for 4,343 square feet.
“We are delighted to welcome Janney Montogmery Scott and Cummings & Lockwood to our building and are looking forward to the long-term relationship with them,” said Palmer Vietor, Vice President of Owens Realty Capital. “Being able to attract quality tenants such as Janney and Cummings & Lockwood was a driving factor behind the purchase of the building for us.”
Located in the heart of Palm Beach Gardens, the three-story building totals 67,500 square feet.
“3001 PGA is uniquely positioned to meet the growing demand of occupiers seeking newer Class A product and ownership groups who value the health and safety of their tenants in the same manner as tenants do their employees,” Librizzi said. “These transactions are the result of the owner’s ability to creatively achieve deals in an ultra-competitive environment.”
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2021-04-05 02:25:292021-04-05 02:25:29Financial Advisement Firm, Law Firm Take Office Space In Palm Beach
Cushman & Wakefield has arranged two leases at BayView Corporate Tower in Ft. Lauderdale.
Combined, the leases total 20,198 square feet.
Deanna Lobinsky and Chase Kulp of Cushman & Wakefield represented Somerset Properties, a full-service real estate company that operates in the eastern United States which owns and manages the building, in the lease negotiations.
“The leasing activity we have experienced during the pandemic reaffirms our commitment to market-leading properties like Bayview in top tier markets throughout Florida,” said Jennifer Wierman, a Principal at Somerset Properties. “It also reinforces our core philosophy of treating our tenants like partners and striving to make each lease a ‘win-win’ result for all parties involved.”
A global manufacturing company signed a long-term 15,913-square-foot lease and Oakmont Public Adjusting, a loss consulting and public adjusting firm, signed a 4,285-square-foot lease.
“These transactions were negotiated amid COVID-19, which shows the significance of having top-tier amenities in desirable locations,” Lobinsky said. “These factors will remain a driver for tenants as the end of the pandemic nears and tenants begin to focus on where and how their employees will work.”
Located at 6451 N. Federal Highway in Ft. Lauderdale, BayView Corporate Tower totals 412,250 square feet. The property features a state-of-the-art tenant amenity center with a conference facility, fitness center and modern café and lounge, as well as covered parking, on-site security and on-site management.
Recent improvements include renovated lobby, common areas exterior and landscaping. BayView is accessible to the entire region by way of Interstate 95, Florida’s Turnpike, Interstate 595 and is minutes from Fort Lauderdale/Hollywood International Airport.
In addition to being real estate investors, Somerset Properties provides a full complement of services for owned and managed properties including leasing, property management, construction management, asset management and financial analysis. Since the firm’s inception in 1996, it has acquired and repositioned over 100 properties with a gross asset value upon stabilization of roughly $1 billion.
The South Florida Office Agency Leasing team also includes Travis Herring, Katherine Ridgway and Jessica Gomez. The team completed some of Broward County’s largest deals in 2020 with 36 transactions totaling 259,765 square feet of leases.
NewDay USA, one of the nation’s leading veteran mortgage lenders, announced on Tuesday that it will create 600 new jobs at 360 Rosemary in West Palm Beach over the next two years.
This new location will serve as the second headquarters for NewDay USA, in addition to its headquarters in Fulton, Maryland.
NewDay USA will occupy more than 50,000 square feet on the top two floors of 360 Rosemary, the 300,000-square-foot, sustainable, Class-A office building at the heart of downtown West Palm Beach’s Rosemary Square neighborhood.
“NewDay USA’s commitment to growth and job creation will bolster our vision of creating a community of opportunity for all,” said West Palm Beach Mayor Keith James on Tuesday. “We are proud to be New Day’s newest home and a place where everyone—especially our cherished veterans—can realize their dreams. We look forward to NewDay USA’s valuable work and positive economic impact on our community.”
“NewDay USA proudly helps veterans and their families achieve greater financial security, and we are excited to establish a new home in West Palm Beach to carry out our mission,” said Rob Posner, the CEO of NewDay USA. “South Florida hosts a growing and educated workforce and the state represents the third-largest veteran population in the U.S., making West Palm Beach the ideal choice for our company’s second headquarters.”
“The Business Development Board believes that NewDay USA will be a transformational relocation for the City of West Palm Beach. This company takes great pride in creating high-quality jobs for our residents and being a big part of the community. We are proud to welcome them as our newest corporate citizen,” said Kelly Smallridge, the president and CEO of Business Development Board of Palm Beach County (BDB).
The Business Development Board assisted NewDay USA with access to the City of West Palm Beach’s financial resources, as well as expedited permitting and information on community engagement.
NewDay expects to be one of the largest employers in the area, housing 600 employees over the next two years at Rosemary Square. The West Palm Beach Community Redevelopment Agency has approved $1.8 million for the training of new hires at NewDay University. The average salary of a NewDay employee is more than $90,000 and the average age is between 25 and 30.
“The team at Related built a beautiful, state-of-the-art facility that will give our team members a phenomenal environment to work and live. Our team is extremely excited to join this community,” Posner said.
NewDay USA will take occupancy of the new office in the fall.
Avison Young’s Florida Capital Markets Group closed the $8.3 million sale of the 33,720-rentable-square-foot landmark office building, Weston Commerce Center, at 1625 N Commerce Parkway in Weston.
The asset was the second of the seller’s 100% occupied, two-building portfolio to sell within three months, both sales totaling $17.2 million.
The seller, HRE/SEFIRA Weston Office, LLC, a joint venture between Highline Real Estate Capital and Sefira Capital, acquired the portfolio in 2017 for $13 million. Fox Ridge Capital, LLC was the buyer in the transaction.
On behalf of the seller, the Weston Commerce Center sale was completed by Avison Young Principals David Duckworth; John K. Crotty, CCIM; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; Vice President Brian C. de la Fé; and Associates Emily Brais and Berkley Bloodworth. The team also facilitated the sale of the portfolio’s other building, a J.P. Morgan Chase Bank-anchored building at 1040 Weston Road, for $8.9 million in December 2020.
“Weston Commerce Center maintained its 100% occupancy rate during the pandemic, which is a testament to the strength of the asset and the market and what attracted strong investor interest,” said Duckworth. “Our client, with the support of the Avison Young leasing team, worked diligently to increase the portfolio’s value and led to a notable return on investment following the sales.”
At the time of the HRE/SEFIRA acquisition in 2017, the properties were 82% occupied. Over the course of three years, the ownership partners increased occupancy to 100% and grew the portfolio’s net operating income by nearly 45%.
“When we acquired the portfolio, we recognized the strength of the Weston submarket and saw the opportunity to drive occupancy and rental rates through the completion of aesthetic improvements and proactive asset management,” said David Moret, President of Highline Real Estate Capital. With the assistance of Avison Young’s leasing team including Principal Greg Martin and Senior Associate Lisa Blumer, the buildings reached full occupancy well ahead of schedule, and we were able to substantially increase rental rates, which ultimately led to two successful sales during a pandemic after a hold period of less than four years.”
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2021-03-14 15:11:282021-03-14 15:11:28Weston Office Building Changes Hands
CBRE has been selected to lease Waterfront Clematis, a 148,856-sq.-ft. Class-A office complex located at 101 and One North Clematis Street in West Palm Beach.
CBRE’s Kevin Probel, Kevin McCarthy and Will Portfolio will be marketing the property for lease on behalf of the owner, a joint-venture between affiliates of Florida Crystals Corporation and Colonnade Properties LLC. The office building, which serves as headquarters for Florida Crystals Corporation, is currently 87.8 percent occupied.
“Waterfront Clematis is a premier Class-A office building in the live-work-play environment of downtown West Palm Beach. We know tenants will be impressed with exceptional views and its convenient location close to many amenities,” said Probel, First Vice President at CBRE.
Located in downtown West Palm Beach, the office complex is in a prime waterfront location with views of Palm Beach. It is in a highly walkable area directly on Clematis street, allowing for easy access to restaurants, retailers, and shops. The property features impact-resistant windows and is in close proximity to the beaches and Palm Beach Island.
“CBRE’s market knowledge, global platform, and national presence will be a major asset when leasing Waterfront Clematis. We look forward to working as a team to lease this one-of-a-kind property,” said Chris Glinski, Executive Vice President at Colonnade Properties.
According to CBRE Research, leasing activity was down from historic norms throughout 2020, but the second half of the year showed positive signs for the market. New-to-market tenants have ramped up their interest in relocating from high-cost states to West Palm Beach, a trend which has slowly occurred in recent years but is now happening in earnest.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2021-03-01 03:35:242021-03-01 03:35:24CBRE To Lease Class-A Office In West Palm Beach
Tiktin Real Estate Brokers $16.5 Million Sale Of Broward Office Building
/in Done Deals, News/by adminTiktin Real Estate Investment Services (TREIS) announced the sale of an 11-story, 117,668 square-foot multi-tenant office building at 1250 E. Hallandale Beach Blvd. in Hallandale Beach.
The buyer, Soliman Corp., an affiliate of 1250 E. Hallandale LP, acquired the property from Murray Family Associates, an affiliate of KEI Properties, for $16.5 million.
Adam J. Tiktin, president and broker of TREIS, represented both the Buyer and Seller in this transaction.
The closing took place March 31st.
Originally constructed in 1973, the building is 78 percent leased. The city of Hallandale Beach is one of South Florida’s most dynamic and fast growing cities. The building is situated on over 2.5 acres of land and located just two miles from the Aventura Mall and less than a mile away from Gulfstream Park.
Financial Advisement Firm, Law Firm Take Office Space In Palm Beach
/in Done Deals, News/by adminCushman & Wakefield has arranged two leases at 3001 PGA Boulevard in Palm Beach Gardens.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the owners, Owens Realty Capital, in the lease negotiations.
Janney Montgomery Scott, a financial advisement firm, signed a lease for 7,031 square feet, and Cummings & Lockwood, a law firm providing a broad range of trust and estates services, signed a lease for 4,343 square feet.
Located in the heart of Palm Beach Gardens, the three-story building totals 67,500 square feet.
Cushman & Wakefield’s Deanna Lobinsky, Chase Kulp Arrange Two Office Leases Totaling 20,198 Square Feet
/in Done Deals, News/by adminCushman & Wakefield has arranged two leases at BayView Corporate Tower in Ft. Lauderdale.
Combined, the leases total 20,198 square feet.
Deanna Lobinsky and Chase Kulp of Cushman & Wakefield represented Somerset Properties, a full-service real estate company that operates in the eastern United States which owns and manages the building, in the lease negotiations.
A global manufacturing company signed a long-term 15,913-square-foot lease and Oakmont Public Adjusting, a loss consulting and public adjusting firm, signed a 4,285-square-foot lease.
Located at 6451 N. Federal Highway in Ft. Lauderdale, BayView Corporate Tower totals 412,250 square feet. The property features a state-of-the-art tenant amenity center with a conference facility, fitness center and modern café and lounge, as well as covered parking, on-site security and on-site management.
Recent improvements include renovated lobby, common areas exterior and landscaping. BayView is accessible to the entire region by way of Interstate 95, Florida’s Turnpike, Interstate 595 and is minutes from Fort Lauderdale/Hollywood International Airport.
In addition to being real estate investors, Somerset Properties provides a full complement of services for owned and managed properties including leasing, property management, construction management, asset management and financial analysis. Since the firm’s inception in 1996, it has acquired and repositioned over 100 properties with a gross asset value upon stabilization of roughly $1 billion.
The South Florida Office Agency Leasing team also includes Travis Herring, Katherine Ridgway and Jessica Gomez. The team completed some of Broward County’s largest deals in 2020 with 36 transactions totaling 259,765 square feet of leases.
Mortgage Lender To Occupy 50,000 Square Feet For 2nd HQ
/in Done Deals, News/by adminNewDay USA, one of the nation’s leading veteran mortgage lenders, announced on Tuesday that it will create 600 new jobs at 360 Rosemary in West Palm Beach over the next two years.
This new location will serve as the second headquarters for NewDay USA, in addition to its headquarters in Fulton, Maryland.
NewDay USA will occupy more than 50,000 square feet on the top two floors of 360 Rosemary, the 300,000-square-foot, sustainable, Class-A office building at the heart of downtown West Palm Beach’s Rosemary Square neighborhood.
The Business Development Board assisted NewDay USA with access to the City of West Palm Beach’s financial resources, as well as expedited permitting and information on community engagement.
NewDay expects to be one of the largest employers in the area, housing 600 employees over the next two years at Rosemary Square. The West Palm Beach Community Redevelopment Agency has approved $1.8 million for the training of new hires at NewDay University. The average salary of a NewDay employee is more than $90,000 and the average age is between 25 and 30.
NewDay USA will take occupancy of the new office in the fall.
Source: Florida Daily
Weston Office Building Changes Hands
/in News/by adminAvison Young’s Florida Capital Markets Group closed the $8.3 million sale of the 33,720-rentable-square-foot landmark office building, Weston Commerce Center, at 1625 N Commerce Parkway in Weston.
The asset was the second of the seller’s 100% occupied, two-building portfolio to sell within three months, both sales totaling $17.2 million.
The seller, HRE/SEFIRA Weston Office, LLC, a joint venture between Highline Real Estate Capital and Sefira Capital, acquired the portfolio in 2017 for $13 million. Fox Ridge Capital, LLC was the buyer in the transaction.
On behalf of the seller, the Weston Commerce Center sale was completed by Avison Young Principals David Duckworth; John K. Crotty, CCIM; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; Vice President Brian C. de la Fé; and Associates Emily Brais and Berkley Bloodworth. The team also facilitated the sale of the portfolio’s other building, a J.P. Morgan Chase Bank-anchored building at 1040 Weston Road, for $8.9 million in December 2020.
At the time of the HRE/SEFIRA acquisition in 2017, the properties were 82% occupied. Over the course of three years, the ownership partners increased occupancy to 100% and grew the portfolio’s net operating income by nearly 45%.
CBRE To Lease Class-A Office In West Palm Beach
/in News/by adminCBRE has been selected to lease Waterfront Clematis, a 148,856-sq.-ft. Class-A office complex located at 101 and One North Clematis Street in West Palm Beach.
CBRE’s Kevin Probel, Kevin McCarthy and Will Portfolio will be marketing the property for lease on behalf of the owner, a joint-venture between affiliates of Florida Crystals Corporation and Colonnade Properties LLC. The office building, which serves as headquarters for Florida Crystals Corporation, is currently 87.8 percent occupied.
Located in downtown West Palm Beach, the office complex is in a prime waterfront location with views of Palm Beach. It is in a highly walkable area directly on Clematis street, allowing for easy access to restaurants, retailers, and shops. The property features impact-resistant windows and is in close proximity to the beaches and Palm Beach Island.
According to CBRE Research, leasing activity was down from historic norms throughout 2020, but the second half of the year showed positive signs for the market. New-to-market tenants have ramped up their interest in relocating from high-cost states to West Palm Beach, a trend which has slowly occurred in recent years but is now happening in earnest.