Health Care Education Company To Open First South Florida Office

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A company that develops, markets, and manages health care education programs secured 21,673 square feet in a Miramar office building.

Orbis Education Services closed on the lease deal at Huntington Centre I building at 2901 S.W. 149th Ave. in the first quarter, according to a recent office market report from Cushman & Wakefield.

Orbis is expected to move into the space by the end of 2024 or the beginning of 2025. It’s Orbis’ first location in South Florida. Cushman & Wakefield represented the landlord in the lease negotiations.

 

Source:  SFBJ

Berger Commercial Realty’s Keith Graves, Lawrence Oxenberg Negotiate 10,500 SF Office Lease Deal

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Berger Commercial Realty/Corfac International Senior Vice President Keith R. Graves, CCIM, SIOR and Vice President Lawrence Oxenberg negotiated a 10,488-square-foot office lease on behalf of the landlord, 900 SE 3rd Ave., L.P.

Bowman Consulting Group, Ltd., an engineering services company, will occupy the space at 900 SE 3rd Ave in Fort Lauderdale, relocating from its offices at 910 SE 17th St. in Fort Lauderdale. Brady Titcomb with JLL represented Bowman Consulting in the lease negotiation.

The 2000-built, 3-story boutique/professional office building, which totals 46,816 square feet, is located immediately next door to the new U.S. Federal Courthouse currently under development and within immediate proximity to the Broward County Courthouse, offering great access to SR 84/I-595, U.S. 1 and other governmental offices. The building is undergoing extensive renovation.

 

Investment Firm Signs 79,000 SF Corporate HQ In Pebb Capital’s Sundy Village

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Diversified real estate and private equity investment firm Pebb Capital has signed a notable 79,141-square-foot office lease at Sundy Village for the headquarter relocation of DigitalBridge, one of the world’s largest digital infrastructure investment firms.

The announcement marks continued leasing velocity at the transformative mixed-use development in Delray Beach’s Atlantic Avenue District, with expected completion in the third quarter of 2024.

DigitalBridge will be situated at 100 SE 1st Ave., at the southeast intersection of First Street and First Avenue. The office will serve as the main corporate location for more than 300 employees, moving from the current headquarters in Boca Raton. The multi-billion-dollar public company owns, invests in, and operates businesses across five key verticals: cell towers, data centers, fiber networks, small cells and edge infrastructure.

DigitalBridge’s building will be LEED certified and designed with sustainability in mind, including rooftop solar panels. The four-story structure will also boast covered walkways for employees and pedestrians alike, terraces and a sophisticated ground-floor lobby.

“The decision to transition DigitalBridge’s headquarters to Sundy Village will be a tremendous benefit for our team to be immersed in the heart of Downtown Delray,” said Marc Ganzi, DigitalBridge CEO. “Our expanded and modernized office will provide our company with new space for innovation and enjoyment of nearby experiences, from retail to dining, that make it an ideal setting.”

Sundy Village’s seven-acre campus style design presents a unique layout with a series of standalone, private office buildings. In addition to DigitalBridge’s headquarters, a collection of boutique ‘Class A’ office structures are available for lease, ranging from 5,776 to 12,600 square feet. Each will be delivered with the privacy of a single company occupying the building, direct elevator access from the garage and large outdoor terraces for an elevated work setting. Employees will have convenient connectivity to modern lifestyle, dining and retail offerings throughout Sundy Village and the surrounding downtown. Office tenants also include Pebb Capital, which will relocate its Boca Raton headquarters, and Vertical Bridge, the largest private owner and operator of communication infrastructure in the U.S. Beyond the boutique selections, limited office availability remains in the property’s main building.

“The addition of DigitalBridge will bring a sizeable workforce and tremendous utilization of the project’s amenity playground on a daily basis,” said Todd Benson, Pebb Capital Principal. “Coupled with our strategic securement of diverse restaurants and retail experiences, Sundy Village’s location and accessibility continue to be important attributes to creating a robust environment for companies and patrons.”

Designed by Gensler, Sundy Village will create a distinctive ambiance by blending contemporary urban design with historical elements, including the adaptive re-use of structures listed on the National Register of Historic Places. The project is one of the only master-planned ‘Class A’ office developments underway in Delray Beach. Hospitality tenants include new-to-market Barcelona Wine Bar, a “vibey, no reservations” bar with locations across 11 states; and a culinary venture by chef Michael Schulson, known for his successful restaurants in Philadelphia and Miami under the Schulson Collective brand.

Situated within a mile from Interstate 95, Sundy Village is poised to become the gateway to Delray Beach’s entertainment corridor at 22 W. Atlantic Ave. The project embodies a forward-thinking approach to business, hospitality and experiential development, incorporating open-air courtyards, airy walkways, green spaces, and indoor/outdoor dining, totaling in 30,000 square feet of retail space, 180,000 square feet of ‘Class A’ office space, 268 subterranean parking spots as well as a parking garage.

CBRE‘s Joe Freitas and John Criddle oversee office leasing, while retail leasing is managed by Sara Wolfe of Vertical Real Estate.

Telecom Service Provider Relocates, Inks 40K-SF Lease In West Palm Beach

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Dycom Industries has signed a 40,000-square-foot lease to move its headquarters to the 300 Banyan office project in Downtown West Palm Beach.

The top two stories of the 12-story building will be occupied by Dycom, a company that contracts with telecom companies, according to developers Wheelock Street Capital and Brand Atlantic Real Estate Partners. The asking rent is $110 per square foot.

Situated at 300 Banyan Boulevard, the project will have six stories with about 120,000 square feet of leasable office space and three levels of parking.

Dycom Industries will relocate its headquarters from Palm Beach Gardens. Its new lease brings 300 Banyan to 50 percent pre-leased.

Wheelock Street Capital and Brand Atlantic Real Estate Partners obtained a $87 million construction loan from Acore Capital in 2022. The project is expected to be completed in April.

Derek Baker of Colliers represented the tenant, while Brian Gale and Anthony Librizzi of Cushman & Wakefield represented the landlord.

The 300 Banyan office building is part of the larger Banyan & Olive mixed-use development, which also features a historic building at 111 North Olive Avenue. Over two years ago, the joint venture completed a gut renovation of the three-story building, designed by famed architect John Volk, which now functions as a mixed-use property.

 

Source:  Commercial Observer

Stream Realty Partners Facilitates Premier Lease Renewal For Long-Time Client In Downtown Fort Lauderdale

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Stream Realty Partners represented Gunster, a full-service corporate law firm, in the renewal of its corporate office lease at Las Olas Centre, located in the heart of Downtown Fort Lauderdale.

The 11-year lease renewal encompasses approximately 22,000 square feet of office space, further solidifying Gunster’s commitment to the Fort Lauderdale market and its legacy building. Las Olas Centre, located at 450 E. Las Olas Boulevard, offers unparalleled access to abundant amenities and represents a cornerstone of the Downtown Fort Lauderdale submarket.

“We are delighted to extend our lease at Las Olas Centre, a location that has served as a vital hub for our operations in Broward County,” said Jonathan Osborne, Gunster’s Fort Lauderdale Office Managing Shareholder. “Stream’s expertise and commitment to excellence have been instrumental in facilitating this transaction, and we look forward to continuing our successful partnership.”

Stream Executive Managing Director Greg Katz and Senior Vice President Carlyle Coffin facilitated the transaction on behalf of the tenant. Tim Talbot and Andy Ackerman of Comreal represented the building owner, DWS.

“This significant lease renewal underscores both Stream’s and Gunster’s steadfast dedication to the Fort Lauderdale market,” said Coffin. “Las Olas Centre has served as Gunster’s home for almost two decades, and we are proud to continue supporting their presence in this premier location.”

 

Katz added, “This renewal also highlights our commitment to serving law firms nationwide. With a track record of representing hundreds of law firms across the United States, our South Florida team remains dedicated to delivering exceptional service and value to our clients.”

 

Boca Attracting Some Of The Highest Office Leasing Activity

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Boca Raton’s office leasing activity led the way in South Florida in 2022 and 2023, surpassing some more populous cities in the tricounty area, according to a recent analysis. It’s yet another indicator of the city’s growth — as well as the demand for office space across the region in a remote-working era.

Boca Raton’s total significant leasing activity last year was higher than any other city in Palm Beach County, according to recent data compiled by the city’s Office of Economic Development and originating from Colliers 2023 Quarterly Office Reports.

“We have led the county in 2022 and 2023 for significant leasing activity,” said Jessica Del Vecchio, Boca Raton’s economic development manager. “What that means is we’ve leased more square footage from the commercial office side of the business than any other city in Palm Beach County.”

Del Vecchio believes the surge of leasing activity began as the world began to emerge out of COVID-19 constraints. The pandemic triggered heightened interest in South Florida in general, she said, which has especially flourished in Boca Raton.

Boca Raton has a “built-in workforce,” Del Vecchio said, a product of the universities dotting the area, namely Florida Atlantic University, Lynn University and Palm Beach State College.

“We have a lot of smart, well-educated, talented people here, and I think that’s what the draw is that sets us a part in South Florida as a whole,” she said. “It’s so important to be by where the workforce is when you’re bringing a company into an area.”

The COVID-19 pandemic also proved the feasibility and success of a hybrid working model, making opportunities like physically working in Florida for a New York-based company possible.

“We don’t have to work on Wall Street,” she said. “We can keep a presence on Wall Street, but we can relocate to an area that we want to be in, that’s low taxes.”

The leasing activity momentum continues into 2024 with the announcement of six lease agreements at the Boca Raton Innovation Campus, or BRiC.

On Jan. 18, the CP Group, the developers behind the revitalization efforts to BRiC, announced in a statement four new tenants and two lease renewals with one expansion.

Those six tenants are: Engineering Express, a structural engineering firm; Hollywood.com, an entertainment company; LandAirSea (LAS), a GPS tracking system manufacturer; MODE Architects, a full-service architecture and design firm; EdgeMed, a revenue cycle management platform for medical organizations, and Orchid Bay Financial Holdings, an investment firm, which is also renewing its lease.

This is one part of a $100 million project to transform the former IBM facility into an illustrious campus full of contemporary amenities along with residential units, a hotel, restaurants, retail and more.

“We are continuing to see an influx of cutting-edge companies flocking to South Florida in search of flexible, yet turnkey, workspaces to meet the needs of their employees,” said Michael Perrette, general manager for BRiC, in the statement.

BRiC is yet another component of Boca Raton’s growth, which is only projected to progress as other projects such as the Center for Arts and Innovation continue to advance, and people keep taking advantage of recent additions to the city, such as the Brightline service.

“We are poised on making ourselves attractive to new investment and we engage our community stakeholders in conversations,” Mayor Singer said. “I think employers want to see a city like ours poised on what’s ahead for the next century.”

 

 

Source:  SunSentinel