PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek

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PEBB Enterprises completed the disposition of the 6400 Building in Fort Lauderdale’s Cypress Creek neighborhood.

The $11.93 million transaction closed on Dec. 17.

JS Florida Ventures, LLC and HS Florida Ventures, LLC purchased the 55,241-square-foot office building at 6400 N. Andrews Ave. The building is 89% leased and is situated adjacent to a Marriott hotel and in close proximity to I-95.

Cypress Creek is a highly desirable office submarket due to its central location, connectivity to major highways and critical mass of retail and dining.

“This sale concludes a successful long-term investment for our company, as we owned the asset for more than 20 years,” PEBB CEO Ian Weiner said. “We are actively pursuing several new office acquisition opportunities in South Florida, and this was the right time to execute the 6400 Building disposition. PEBB remains bullish about the region’s office market and continues to target opportunities aligned with its long-term strategy of acquiring well-located commercial assets with repositioning and/or redevelopment potential.”

Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.

PEBB’s portfolio of office assets includes, among others, The Eclipse (formerly known as the Office Depot headquarters), in partnership with BH Group, and the Research Park at FAU, in partnership with Banyan Development. Those properties are representative of several office assets that the company owns in its home base of Boca Raton and throughout South Florida.

JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

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JLL announced the completion of four new office leases at Peninsula Plaza located on North Federal Highway in East Boca Raton.

Situated at 2424 North Federal Highway, the four-story, 163,640-square-foot trophy office property will welcome the relocating tenants from other parts of the market, ranging in size from approximately 2,000 to over 6,400 square feet.

JLL Executive Vice President Brady Titcomb represented the building’s ownership, CDS Realty Investments, LLC, whose dedication to enhancing the tenant experience has helped drive demand and propel significant leasing activity.

“Peninsula Plaza continues to attract top-tier tenants because it delivers what today’s companies value most including modern amenities, tenant-ready spec suites, efficient space configurations, and a highly desirable location,” said Titcomb. “The building’s sun-drenched atrium, upgraded common areas, modern conference and fitness facilities, coupled with unique suite features like Intracoastal views and private terraces, have made the property one of the most desirable options in the market. These latest leases underscore the strength of tenant demand in Palm Beach County and the appeal of thoughtfully designed, well-maintained office environments.”

Among the new additions to Peninsula Plaza’s distinguished roster of tenants are:

  • Poliakoff Backer, a South Florida-based law firm providing quality customized representation for community associations of all sizes, will be taking 5,431 square feet of space on the fourth floor. Poliakoff Backer was represented by CBRE’s John Jaspert.

 

  • Family First Life, a nationally licensed insurance marketing organization (IMO) and brokerage, will occupy 6,460 square feet on the second floor. Family First Life was represented by George Casey of Total Real Estate Consultants, Inc.

 

  • Echelon Financial, LLC, an independent Austin-based registered investment advisory firm, will be taking 5,388 square feet on the third floor. Echelon Financial LLC was represented by Jason Stagman of Stagman Commercial Real Estate Advisors.

 

  • A local boutique insurance brokerage specializing in group health insurance, working with small and large group organizations, will occupy 1,931 square feet on the fourth floor. Silvana Benitez with LRM Commercial Real Estate Advisors represented the insurance brokerage.

Ideally situated between Yamato Road and Glades Road, Peninsula Plaza offers immediate access to Interstate 95 and is just minutes from Mizner Park, Boca Town Center, and Boca Executive Airport. The location provides abundant conveniences, with a wide selection of nearby dining options, including Chipotle, Subway, Blaze Pizza, and others, as well as multiple banking institutions along Federal Highway.

The property also backs up to an expansive jogging path with scenic water views, and select suites offer their own Intracoastal vistas and private terraces. Remaining spaces available range from 2,000 square feet to more than 11,500 square feet, providing flexible options for tenants of all sizes.

According to JLL’s latest office insight report for Palm Beach County, the office market posted one of its strongest quarters in years, with absorption turning positive across both North and South County and vacancy declining market-wide. Leasing activity surged to roughly 900,000 square feet while new deliveries saw rapid uptake, underscoring sustained demand for high-quality space, the report shows. Nearly 1.2 million square feet remains under construction, all concentrated in Downtown, yet robust tenant interest continues to support tightening fundamentals.

Stream Realty Partners Secures Long-Term Lease Renewal At 900 Broken Sound In Boca

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Stream Realty Partners announced that Score At The Top Learning Centers and Schools has renewed its 15,737-square-foot headquarters lease at 900 Broken Sound, a premier Class A office building located at 900 Broken Sound Parkway NW in the highly coveted Boca Raton market.

The long-term lease renewal reaffirms the institution’s commitment to its Boca Raton community and secures its home in one of the region’s most competitive office markets.

Score At The Top, an educational organization with a nearly 50-year pedigree and more than 30 years of service in Boca Raton, provides an integrated suite of academic support services to students of all ages. Central to its offerings is Score Academy, a fully accredited private school serving fifth through 12th grade, delivering personalized instruction in a small-group academic environment from its headquarters at 900 Broken Sound. Complementing the academy’s school programs, Score At The Top also offers full-service tutoring, SAT/ACT and graduate-school test preparation, and individualized academic coaching.

The property totals approximately 117,000 square feet across five stories and features an array of amenities well-suited for educational and academic users, including dedicated green space for students, a private entrance for Score At The Top, and highly visible building signage.

Stream Managing Director & Executive Vice President Shay Pope, Senior Vice President Carlyle Coffin, and Senior Associate Dean Katz represented the tenant in the transaction.

“This renewal underscores Score At The Top’s strong commitment to Boca Raton and to providing personalized, high-quality academic support to students across the region,” said Pope. “Competition for quality office space in Boca Raton remains high, and securing this long-term lease extension ensures the organization can continue delivering exceptional educational outcomes for years to come.”

 

“Boca Raton has been our home for more than 30 years, and this space has supported our growth as we’ve expanded Score At The Top and built Score Academy into a truly personalized educational environment,” said Jason Robinovitz, Co-Owner/COO/General Counsel of Score At The Top. “The past ten years at 900 Broken Sound have given our students, families, and educators a place where meaningful learning can flourish. Renewing our long-term commitment here allows us to continue that work and gives us the room to grow even further in the decade ahead.”

The transaction marks Stream Florida’s fifth Boca Raton deal in 2025, totaling approximately 150,000 square feet, with additional transactions anticipated to close by the end of the year.

West Palm Office Tower Trades For $55 Million

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Stephen Ross has expanded his footprint in downtown West Palm Beach with the $55.4 million purchase of the One Clearlake office tower. His firm, Related Ross, acquired the 18-story building at 250 South Australian Avenue from Bradford Allen Investment Advisors and financed the deal with a $40 million loan from City National Bank of Florida.

Built in 1987 on nearly 3 acres, One Clearlake totals roughly 221,700 square feet and includes a four-story parking garage with 669 spaces. About 20 percent of the office space is currently available for lease, according to the company. Current tenants range from financial and legal services firms to nutrition and loan offices.

This acquisition adds to Related Ross’ growing West Palm Beach portfolio, bringing the firm to at least 11 office assets downtown when accounting for existing, newly acquired, and planned projects. The building also sits next to the WPTV studio and office property on Banyan Boulevard—another nearby site the company purchased for $40 million earlier this year. Together, the two properties give Related Ross control of approximately 7.6 contiguous acres along Clear Lake.

While the combined sites present long-term redevelopment potential, any major changes will have to wait. WPTV’s parent company, The E.W. Scripps Company, has committed to remain in its building for at least another two and a half years.

One Clearlake has already changed hands twice in 2025. Bradford Allen bought it in May for $45 million—roughly 26 percent below its 2021 price, when a group of investors that included Rockpoint, New England Development, Tricera, and NDT Development paid $60.7 million for the property.

 

Source:  The Real Deal

Colliers Facilitates Sale Of Palm Beach Gardens Office Building

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Colliers announced the sale of 4440 PGA Boulevard, a six-story, Class A office building located in Palm Beach Gardens in an off-market transaction.

Colliers Executive Vice President Gary A. Gottlieb partnered with Executive Vice President Mark M. Rubin, Senior Vice President Bastian Schauer, and Associate Ryan Buckner of the South Florida Investment Services Team to represent the seller, Narragansett Realty II, LLC. PGA OFFICE LLC purchased the property for $15,850,000.

“This sale reflects the sustained demand for high-quality office assets in Palm Beach Gardens,” said Gottlieb. “It’s been a privilege working with the family ownership – a relationship that spans more than 30 years and multiple generations. A special thank you to the South Florida Investment Services Team who provided invaluable guidance throughout the process.”

 

“In today’s dynamic sales environment, it’s encouraging to see continued investor demand for high quality office buildings in strategic locations,” said Rubin. “Bastian and I always enjoy the great collaboration with Gary!”

Strategically located in the heart of Palm Beach Gardens, 4440 PGA is a 47,000-square-foot office building that features a classic design and prime accessibility. Initially built in 1979, the building has undergone continuous updates over the years, including a significant renovation in 2022. 4440 PGA features a newly renovated lobby and secure garage parking. Prominently positioned at the corner of PGA Boulevard and Military Trail, the property offers seamless connectivity to the region from its proximity to Florida’s Turnpike and Interstate 95. Tenants benefit from proximity to top-tier amenities such as The Gardens Mall and numerous dining options.

Law Firm Nearly Doubles Boca Raton HQ

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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.