Blanca CRE Drives Over 56,000 SF Of Lease Activity At Royal Palm Office Park

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Blanca Commercial Real Estate, Inc. announced new leases and renewals totaling 56,100 square feet at Royal Palm Office Park in Plantation.

The activity includes a significant lease renewal with Brookfield Corporation, a global leader in financial services, underscoring the ongoing demand for high-quality office space in South Florida.

Key lease transactions include:

Royal Palm I at 1000 South Pine Island Road

  •   Brookfield Corporation: 35,000-square-foot renewal
  •   NCS Pearson: 1,672-square-foot renewal
  •   Robert Slack, LLC: 2,441-square-foot renewal
  •   Jamestown: 989-square-foot renewal

Royal Palm II at 900 South Pine Island Road

  •   The Nassau Paradise Island Promotion Board: 3,010-square-foot new lease
  •   WeFi Technology Group: 2,554-square-foot new lease
  •   Atlas Renewable Energy USA, LLC: 6,686-square-foot new lease
  •   Osaic Wealth, Inc.: 3,748-square-foot new lease

The property’s owner completed significant upgrades in 2024, including a fresh, modern exterior with new white paint, luxurious executive conference and lounge areas as part of the building’s newly built and fully leased spec suite program on the 6th floor of Royal Palm II, and a refreshed outdoor seating area, to elevate the tenant experience. This is proving to be successful in driving more businesses to Royal Palm Office Park, which offers 465,000 square feet of lakefront Class A office space.

Lincoln Property Company serves as the investment advisor and property manager for the property, partnering with the Blanca leasing team, which includes Tere Blanca, Founder, Chairman, and CEO; Danet Linares, Executive Vice Chairman; and Nicole Kaiser, Associate Vice President.

“Royal Palm Office Park’s leasing momentum is a testament to its enduring appeal as Plantation’s premier business address,” said Linares. “Brookfield’s lease renewal, alongside other significant transactions, underscores the demand for refined, premium office spaces with extensive and upgraded amenities,” she added. “Today’s employers are focused on providing premium workplace environments to attract and retain talent. The recently completed enhancements reflect the owner’s commitment to meet these needs and reinforce Royal Palm Office Park as a leading business hub in Broward County.”

In addition to Royal Palm Office Park’s recently completed renovations, tenants enjoy convenient access to on-site food and beverage options, including designated days for food trucks and local farmer’s markets; a 50-person state-of-the-art conference facility; a tenant-only fitness center; as well as complimentary garage parking with two entry points from South Pine Island Road and Peters Road, ensuring ease of access for employees and visitors.

With a single tenant floor remaining available for lease, Royal Palm Office Park is well-positioned as a premier destination for businesses seeking high-quality office space in the heart of Plantation.

9 Companies Sign Leases At Boca Raton Innovation Campus

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Nine tenants have signed new leases at the Boca Raton Innovation Campus (BRIC), including two companies that plan to establish their headquarters within the 1.7 million-square-foot facility.

The total leased space amounts to approximately 110,000 square feet, as reported by CP Group, the managing landlord of the complex.

The largest lease, covering 31,350 square feet, was signed by Coastal Waste & Recycling, a Boca Raton-based company that provides sanitation services to several Florida municipalities, including Davie, North Miami Beach, Lantana, Pompano Beach, Cooper City, Coral Springs, and Oldsmar, as well as commercial dumpster services for businesses and multifamily residences.

Currently located at 2481 NW 2nd Ave., Coastal Waste & Recycling plans to move its headquarters to BRIC, according to CP Group. The company has not yet responded to requests for comment.

Another company relocating its headquarters to BRIC is Legacy Healing Center Margate LLC, which operates detox and rehabilitation centers for substance abuse in Fort Lauderdale, Margate, Cincinnati, Los Angeles, and Parsippany, New Jersey. Legacy Healing is expected to move in December, according to Jacqueline Tavares, president of Boca Raton-based Newmark Commercial Real Estate.

Other lease deals recently signed at the BRIC were:

  • US Claims, a litigation funding firm, secured 13,519 square feet of office prior to relocating from Delray Beach. Candy Yeung of RE//Max Consultants Realty represented US Claims.
  • Takahami Billing, a revenue cycle management company for healthcare companies, which will move out of an office in Fort Lauderdale and into 10,058 square feet of space in December, said Tavares of Newmark Commercial, who represented the tenant.
  • Lifelong Learning Administration Corporation, an educational nonprofit organization, took a 3,316-square-foot spec suite for its first Florida location. Jason Smithson of NAI San Diego, represented Lifelong.
  • Brandon Hall Group, LLC, a professional development firm, closed on a 2,707-square-foot site. Joe Freitas of CBRE represented Brandon Hall.
  • Verizon, which renewed its lease for 12,965 square feet of space.
  • ABC Preschool, an on-site daycare, renewed its lease for 9,965 square feet. Ryan Nunes and Ryan DePaul of Cushman & Wakefield represented ABC Preschool.
  • Twinlabs Consolidation, a supplement company, renewed its lease for 1,433 square feet of office space.

Jeff Kelly of CBRE represented CP Group in all nine transactions.

 

Source:  SFBJ

 

Fort Lauderdale Office/Retail Building Trades For $525 PSF

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Link Real Estate has streamlined its South Florida portfolio with the recent sale of a Fort Lauderdale property for $19 million.

An affiliate of Link sold The Glass Shop, a three-story office and retail building located at 105 North Federal Highway, to the Jewish Culture High School based in North Miami Beach.

This transaction amounts to $525 per square foot.

The Glass Shop, which spans 36,193 square feet, was completed in 2019. Link acquired the 0.3-acre site for $7.4 million that same year. The building’s 30,000 square feet of office space had previously been leased to Bond Collective, a New York-based co-working provider.

Rabbi Aharon Assaraf, representing the Jewish Culture High School, did not comment on whether The Glass Shop will serve as a new campus in Fort Lauderdale. This was Link’s only commercial property in the Fort Lauderdale area, as indicated on the firm’s website.

 

Source:  The Real Deal

 

PEBB Enterprises Completes Four Law Firm Office Leases In Boca Raton

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PEBB Enterprises, the private equity real estate investment company, finalized new lease agreements with four law firms at two Boca Raton office buildings. DarrowEverett LLP and Hersh Kirtman, PLLC leased office space at PEBB’s Eighteen Zero One, while Kogan & DiSalvo and Troy Legal, PA signed leases at Boca Corporate Plaza.

DarrowEverett, a full-service business law firm headquartered in New York, expanded to Boca Raton with its 2,866-square-foot lease at Eighteen Zero One. Hersh Kirtman, a Boca Raton-based personal injury and medical malpractice law firm, leased 2,296 square feet at the building.

Personal injury law firm Kogan & DiSalvo, which has more than 10 offices across South Florida, the Treasure Coast and Southwest Florida, leased 4,707 square feet at Boca Corporate Plaza. Troy Legal, which specializes in family law, leased 1,720 square feet at the building.

“We enthusiastically welcome these law firms to two important buildings within our overall Boca Raton office portfolio,” PEBB Vice President, Leasing – Senior Director Adam Starr said. “South Florida continues to see notable growth from the legal sector, as law firms enjoy increased demand for their services here. With these buildings and significant projects such as 6600 North Military Trail, we are uniquely suited to accommodate law firm tenants of all sizes and needs.” 

Located at 1801 N. Military Trail, Eighteen Zero One is a three-story, 61,188-square-foot multi-tenant office building with one of the area’s highest parking ratios at 5.43 spaces per 1,000 square feet. The property features a 280-space structured parking garage, which is one of the few such amenities in Midtown Boca. It also has 52 surface parking spaces.

PEBB acquired Eighteen Zero One in 2021 and has since substantially renovated the building’s lobby, common areas, bathrooms and landscaping. Built in 1999, Eighteen Zero One’s tenancy also includes Cozen O’Connor, P.C., First Horizon National Bank and Morgan Stanley.

Boca Corporate Plaza is a six-story, 86,132-square-foot Class A office building with easy access to Glades Road and Florida’s Turnpike. The building’s lobby and common areas were extensively upgraded, and the property is conveniently located next to the Hilton Hotel, restaurants and shops.

 

Reese Stigliano Announces Boca Raton Regus Opening

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Reese Stigliano, President of Stigliano Commercial Real Estate, has announced the completion of a Regus-branded coworking facility at 6501 Park of Commerce Blvd in Boca Raton.

The Regus facility will occupy the entire second floor of the building, spanning approximately 13,000 square feet. The space will feature 58 private offices, three meeting rooms, and a large co-working area.

This new location marks the third Regus facility in the city. The 13,000-square-foot workspace is designed to cater to the growing demand for flexible office solutions, particularly among professionals seeking hybrid work environments. The choice of this location is strategic given its proximity to residential areas, making it convenient for workers who prefer to work closer to home.

Mr. Stigliano was deeply involved in several aspects of this project. He not only served as the exclusive leasing agent, but also took on multiple roles such as the Owner’s Representative, negotiator for the Regus transaction, and oversaw tenant improvements and design. His contributions were critical to both securing Regus and ensuring that the property was prepared to meet its needs as well as those of the owner, Castle Boca, LLC.

With over 40 years of experience in the South Florida commercial real estate market, Reese Stigliano is a recognized leader in the industry. As President of Stigliano Commercial Real Estate, he specializes in land sales, investment sales, and office leasing. His expertise in closing complex commercial transactions has been a hallmark of his successful career.

 

Cushman & Wakefield Arranges $26M Sale Of Fort Lauderdale Office Campus

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Cushman & Wakefield has arranged the $26 million sale of Commercial Place I and II, a two-building, Class A office campus located at 3230 and 3250 W Commercial Blvd. within Fort Lauderdale’s Cypress Creek/Commercial Boulevard submarket.

Scott O’Donnell, Mike Ciadella, Greg Miller, Dominic Montazemi and Miguel Alcivar of Cushman & Wakefield represented the seller in the transaction. The properties were sold by Brookwood Commercial Place, LLC and acquired by MYP Commercial Place, LLC, an entity managed by Moshe Popack.

“Commercial Place I & II has a history of strong occupancy and institutional ownership making it one of the premier office assets in Central Broward County,” said O’Donnell, Executive Managing Director at Cushman & Wakefield. “With best-in-class amenities and an existing roster of national corporate tenants, Commercial Place I & II offered a tremendous value-add opportunity to return the campus’ occupancy back to historical norms while enjoying strong, debt supporting cash flows.”

Commercial Place I & II spans 175,861 square feet total and was approximately 78% leased at the time of sale to a diverse mix of long-term tenants. The office campus includes best-in-class amenities such as a recently renovated lobby and fitness center, state-of-the-art conference facility for up to 40 people, and a full-service on-site café. Additionally, Commercial Place I & II is conveniently located between Interstate 95 and the Florida Turnpike, boasting unbeatable highway access and visibility to 5.3 million people within a one-hour drive.