Herman Law has completed a major expansion of its South Florida headquarters, relocating to a significantly larger space in Boca Raton.
The firm recently moved into an 18,000-square-foot office at 1800 N. Military Trail, nearly doubling the size of its previous 10,000-square-foot suite in the same building within Boca Center, a mixed-use development.
The lease negotiations were handled internally by the firm, while CBRE’s Joe Freitas represented the landlord, an affiliate of New York-based Macquarie Capital.
Herman Law’s Boca Raton office currently employs around 70 people, with plans to expand its local team following the move. The firm, which focuses on representing survivors of sexual abuse, operates eight offices across the U.S. with more than 200 employees. The Boca Raton location remains its sole Florida office.
“This expansion isn’t just about space—it reflects the growing need for survivors to have a voice,” said Roger Herman, the firm’s chief business officer.
Macquarie Capital purchased the three office buildings at Boca Center in 2022 for $171.5 million. The property at 1800 N. Military Trail totals roughly 299,000 square feet of office space.
The office market in South Florida is showing varied momentum across its regional hubs. In Broward County, rents are moving upward, while in Palm Beach County performance is more modest but steady.
Broward County
Office asking rents in Broward rose about 2.8 % year-over-year, reaching an average of approximately $41.96 per square foot at the end of Q2 2025.
Vacancy in the county’s office market stood at roughly 16.0 %, up slightly from the prior year.
Leasing activity has softened—with the year-to-date net absorption showing a loss of about 138,355 square feet—yet investor interest remains strong, particularly in high-quality or downtown assets.
Sub-markets like the downtown Fort Lauderdale CBD saw average asking rents climb to nearly $54.96 per square foot, underscoring the premium for better-located, newer office product.
On the development side, the pipeline is limited—there is currently one notable office project under construction – T3 Fat Village East – (±174,790 square feet) which is scheduled for delivery in 2026.
Palm Beach County
In Palm Beach, the office market is more stable. Vacancy is notably lower—hovering around 9 %—and growth is being driven by demand for newer, amenity-rich Class A buildings in well-located sub-markets.
Asking rents for Class A office space in Palm Beach are reported around $40-43 per square foot gross, reflecting moderate but consistent expansion.
Given the limited new supply, the outlook is cautiously optimistic: demand is expected to support moderate rent growth while occupancies hold steady.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-11-02 18:21:562025-11-02 18:21:56Broward Office Rents Continue To Climb As Palm Beach Market Holds Steady
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.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-10-26 16:53:242025-10-26 16:53:24Foundry Commercial Plans Office-To-Warehouse Redevelopment In Weston
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.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-10-19 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.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-10-12 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.
00adminhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngadmin2025-10-05 14:47:162025-10-05 14:47:16Pebb Capital Completes Phase I Of Sundy Village With 88% Of Project Leased
Law Firm Nearly Doubles Boca Raton HQ
/in Done Deals, News/by adminHerman Law has completed a major expansion of its South Florida headquarters, relocating to a significantly larger space in Boca Raton.
The firm recently moved into an 18,000-square-foot office at 1800 N. Military Trail, nearly doubling the size of its previous 10,000-square-foot suite in the same building within Boca Center, a mixed-use development.
The lease negotiations were handled internally by the firm, while CBRE’s Joe Freitas represented the landlord, an affiliate of New York-based Macquarie Capital.
Herman Law’s Boca Raton office currently employs around 70 people, with plans to expand its local team following the move. The firm, which focuses on representing survivors of sexual abuse, operates eight offices across the U.S. with more than 200 employees. The Boca Raton location remains its sole Florida office.
Macquarie Capital purchased the three office buildings at Boca Center in 2022 for $171.5 million. The property at 1800 N. Military Trail totals roughly 299,000 square feet of office space.
Broward Office Rents Continue To Climb As Palm Beach Market Holds Steady
/in News, Trends/by adminThe office market in South Florida is showing varied momentum across its regional hubs. In Broward County, rents are moving upward, while in Palm Beach County performance is more modest but steady.
Broward County
Office asking rents in Broward rose about 2.8 % year-over-year, reaching an average of approximately $41.96 per square foot at the end of Q2 2025.
Vacancy in the county’s office market stood at roughly 16.0 %, up slightly from the prior year.
Leasing activity has softened—with the year-to-date net absorption showing a loss of about 138,355 square feet—yet investor interest remains strong, particularly in high-quality or downtown assets.
Sub-markets like the downtown Fort Lauderdale CBD saw average asking rents climb to nearly $54.96 per square foot, underscoring the premium for better-located, newer office product.
On the development side, the pipeline is limited—there is currently one notable office project under construction – T3 Fat Village East – (±174,790 square feet) which is scheduled for delivery in 2026.
Palm Beach County
In Palm Beach, the office market is more stable. Vacancy is notably lower—hovering around 9 %—and growth is being driven by demand for newer, amenity-rich Class A buildings in well-located sub-markets.
Asking rents for Class A office space in Palm Beach are reported around $40-43 per square foot gross, reflecting moderate but consistent expansion.
Given the limited new supply, the outlook is cautiously optimistic: demand is expected to support moderate rent growth while occupancies hold steady.
Foundry Commercial Plans Office-To-Warehouse Redevelopment In Weston
/in News/by adminFoundry 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 adminCP 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 adminOn 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 adminPebb 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.