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Berger Commercial Closes $24 Million Portfolio Purchase, Opens Boynton Office

October 1, 2014/in Done Deals, News/by admin

Berger Commercial Realty announced the opening of a new office in Boynton Beach as a result of a $24 million deal it negotiated for its client, Kendall Properties.

Kendall Properties purchased a 280,000-square-foot office portfolio from LouJA Realty in a deal that closed on Friday, Sept. 26th. The portfolio consists of seven buildings on four different properties in Boynton Beach and Delray Beach.

“Our client recognized that Palm Beach County offers better upside and saw the opportunity this portfolio provided,” said Berger Commercial Realty President and founder Lloyd Berger, who brokered the deal on behalf of Kendall Properties.

The portfolio includes:

  • Delray Office Park, located at 4723, 4731 and 4733 W. Atlantic Ave. in Delray Beach
  • Woolbright Corporate Park, located at  1901 and 1903 S. Congress Ave. in Boynton Beach
  • Gulfstream Professional Building, located at 500 Gulfstream Boulevard in Delray Beach
  • and Woolbright Professional Building, located 2240 W Woolbright in Boynton Beach

Berger plans to hire six full-time staff members in its Boynton Beach office to manage and lease the buildings in the Kendall Properties portfolio, as well as existing assignments in Palm Beach County.

The regional commercial real estate firm also has offices in Fort Lauderdale and Miramar, where its property management team currently oversees 7 million square feet of space throughout the tri-county area.

 

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2014-10-01 17:37:082014-10-01 17:37:08Berger Commercial Closes $24 Million Portfolio Purchase, Opens Boynton Office

Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

September 23, 2014/in Done Deals, News/by admin

Colliers International South Florida announced that 62,000 square feet has been leased at Crown Center, located at 1415-1425 W. Cypress Creek Road, Fort Lauderdale.

The property’s newest tenant, a large financial institution, is scheduled to occupy their new offices during Q1 2015.

“The tenant was attracted to Crown Center based on its proximity to I-95, efficient floor plates, ample parking and the overall appearance of the campus, which is exceptionally maintained by an award-winning property management team,” says Sal Bonsignore, Vice President with Colliers International South Florida, who along with Senior Vice President Ronald A. Schagrin, exclusively represents landlord Fort Lauderdale Crown Center, Inc.

Crown Center is a +/- 475,000-square-foot, LEED certified office campus with tenant amenities including on-site banking and café, electric vehicle charging stations and on-site management.

“Crown Center was able to accommodate the tenant’s current requirement as well as provide them with future growth opportunities”, Schagrin adds.

The tenant was represented by Mathew Cheezem of CRESA South Florida.

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2014-09-23 13:26:362014-09-23 13:26:36Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

Greenberg Traurig Renews 30,000 SF Lease For 10 Years

September 5, 2014/in Done Deals, News/by admin

Greenberg Traurig renewed its West Palm Beach office lease for another 10 years.

Taking into account the existing lease, Greenberg Traurig will stay put until November 2027. The firm is also planning a $1.5 million renovation that will modernize its 30,254-square-foot space, according to a written statement.

The law firm has been at the Phillips Point building on 777 South Flagler Drive in West Palm Beach since 1991.

“We are grateful to West Palm Beach for supporting our success in this community we have called home for the past 30 years,” said Mark Bideau, the office’s co-managing shareholder. “We are excited to continue to demonstrate our loyalty to our community by investing in office space that will help us realize our vision to transition to the law office of the future.”

 

Source: The Real Deal

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2014-09-05 03:47:502026-08-20 12:28:43Greenberg Traurig Renews 30,000 SF Lease For 10 Years

Class-A Plantation Office Complex Trades

September 3, 2014/in Done Deals, News/by admin

The Royal Palm at Southpointe office complex in Plantation has traded for $128 million, or about $275 per square foot.

Duke Realty Corporation acquired the office complex, located at 900 and 1000 South Pine Island Road, for $100.4 million in August 2010.

Duke’s sale of the site, which has more than 465,000 square feet of office space, was recorded on Monday.  TR Royal Palm Corp. is the buyer. The company is managed by Chicago-based LPC Realty Advisors, an investment advisory affiliate of Lincoln Property Co.

The Hogan Group developed Royal Palm I in 2001 and Royal Palm II in 2007.

 

Source: The Real Deal

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2014-09-03 02:54:532026-08-20 12:28:21Class-A Plantation Office Complex Trades

WPB’s CityPlace Tower Fetches $150M

August 27, 2014/in Done Deals, News/by admin

About four months after going on the market, CityPlace Tower in West Palm Beach changed hands for $150 million.

KBS REIT II sold the trophy office building in West Palm Beach to  W.R. Berkley Corp., a Connecticut insurer. A spokeswoman said the office tower is the company’s first investment in Florida.

The Newport Beach, Calif.-based non-traded real estate investment trust paid $126.5 million for the 296,000-square-foot Class A tower in April 2011. Palm Beach County has not recorded the transaction.

The 18-story tower is part of the CityPlace mixed-use project, which has 474,000 square feet of retail and entertainment space to go along with 149,000 square feet of restaurants.

“CityPlace Tower is a recently developed asset that benefits from its high-quality construction and its location in an established mixed-use project in West Palm Beach,” KBS senior vice president/market leader Allen Aldridge said. “This was a solid asset in KBS REIT II’s portfolio and we believe it made for an attractive investment to numerous buyers throughout this process.”

Eastdil Secured marketed the building on behalf of KBS

 

Source: The Real Deal

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2014-08-27 01:28:302026-08-20 12:29:06WPB’s CityPlace Tower Fetches $150M

Maddy Garcia, Tom Kates Filling Up 800 Fairway With 36,000 SF Of Lease Deals

August 20, 2014/in Done Deals, News/by admin

Stiles Realty executed 35,734 square feet of leases in the past six months at the repositioned 800 Fairway office building in Deerfield Beach.

Stiles worked in concert on this property assignment with Virginia-based Divaris Real Estate, who is a CORE Network Partner.

Notably, Experian Information Solutions signed the second largest new lease in the building for 13,550 square feet over a 5-year term and United Schools Association signed a lease for 4,149 square feet over a 5-year term.

Comprised of 172,323 square feet amidst four floors, 800 Fairway is the largest multi-tenant office building in Deerfield Beach. The building is owned by American General Life Insurance Company and Stiles provides both leasing and management services on the property for the landlord.

“Tenants seeking quality, flexible space and a large amenity base have few options in Deerfield Beach,” said Stiles Realty Director Madelayne Garcia. “800 Fairway has found an effective market niche with its on-site amenities and is drawing attention from large and midsize users that find value in these services.”

Madelayne GarciaTom KatesAccording to Garcia, who represented the landlord along with Broker Associate Tom Kates in all of the transactions, leasing activity accelerated in response to the owner’s extensive renovation in mid-2013.

“800 Fairway’s reputation as the ideal option for larger users in Deerfield Beach is further augmented by its recent renovations, which have been a catalyst for additional leasing activity,” commented Garcia. “This building now offers tenants better quality amenities and a more dynamic business environment.”

800 Fairway-Lobby Renovation800 Fairway underwent extensive interior and exterior upgrades that enriched its amenity base and differentiated it in the market. Notable features include a renovated fitness center with state-of-the-art equipment, lockers and showers, as well as a remodeled atrium lobby, expansive conference center, on-site café, secured parking, lit walking paths, and picnic shaded area.

In addition, renewals and expansions in recent months have accounted for much of the activity at 800 Fairway. Jonathan Brooks, P.A. expanded their lease by 2,401 square feet to occupy a total 8,298 square feet. Three lease renewals totaling 15,635 square feet were also executed, with two closing as recently as July 2014. Renewed tenants include Jacobs Engineering Group for 6,256 square feet, engineering firm Tildin, Lobnitz, Cooper for 4,743 square feet, and nurse employment agency Onward Healthcare for 4,636 square feet.

“We’re pleased with the strong leasing activity that has resulted from our successful repositioning of 800 Fairway,” said Garcia. “The building continues to attract high-quality businesses, which is a direct reflection of the ownership’s commitment to enhancing its quality and marketability.”

800 Fairway is located at 800 Fairway Drive – adjacent to I-95 and in between Hillsboro Blvd and SW 18th Street in Boca Raton.

 

0 0 admin https://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.png admin2014-08-20 17:52:052014-08-20 17:52:05Maddy Garcia, Tom Kates Filling Up 800 Fairway With 36,000 SF Of Lease Deals
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