Randy Johnson Takes Over Leasing At 1200 Corporate Place

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Randy Johnson, Regional Director with Keystone Property Group, is now representing the leasing for 1200 Corporate Place, located at 1200 North Federal Highway in Boca Raton.

The building’s leasing efforts were being led by Robert Listokin and Peyton Moore of Colliers.

The four-story, 137,021-square-foot office building is 90% occupied, according to CRE-sources.

After a tenure of just over ten years with Liberty Property Trust, Randy Johnson joined Keystone as Regional Director back in July.  He is responsible for the Southeast Region.

Randy is officed in 1200 Corporate Place, a property acquired by Keystone for $15 million in June, 2011.

Deals, Deals, Deals!

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Michael Rauch leased 10,000 square feet of distribution and headquarters office space to Mark V Concepts, Inc., a New York-based company and major supplier to QVC. The property is located in Broward County in the Pompano Beach Gateway Industrial Park. Michael Rauch, senior partner of Rauch Hartman Scherer & Company, represented the landlord and tenant in the transaction.

Peter D. Reed, Principal of Commercial Florida Realty Services, closed a lease transaction with ITT Technical Institute, a leading private college focused on technology-oriented programs of study, for 20,000 SF at Hillsboro Center, located at 700 W. Hillsboro Blvd. in Deerfield Beach. Reed represented Parkway Properties, Inc. (NYSE symbol: PKY), the landlord of Hillsboro Center.

PEBB Enterprises of Boca Raton purchased the Sabadell United Bank Building, located at 1645 Palm Beach Lakes Blvd., and the Horizons Building, located at 1401 Forum Way. The combined purchase price was $14,250,000 for the two buildings, which total over 180,000sf.

And, in one of the top office transactions in Palm Beach County in recent years, a partnership led by Butters Group, has sold the Class A office building Boca Village Corporate Center, for $32.85 million to BVCC Corp. of Miami.

Garine Closes 7,000 SF Deal

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Steven Garine, VP at S&K Worldwide Realty, inked a transaction with Webnet Holdings for 7,164 square feet at  1350 East Newport Center Drive (Newport Business Center) in Deerfield Beach.

Webnet joins existing tenants JP Morgan Chase, AT&T Services, ACS,  and API.

The tenant represented themselves in the transaction.

 

Bo Paty Inks 14,000 EcoPlex Deal

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Florida Public Utilities Company (FPU), a subsidiary of Chesapeake Utilities Corporation (NYSE: CPK),   will relocate its West Palm Beach headquarters office to EcoPlex® at Centrepark West, 1641 Worthington Road, West Palm Beach, FL. FPU has leased 13,924 square feet for a term of five years.  Kris Hustad and Susan Thomas of Touchstone Webb Realty Company represented the tenant and Bo Paty of Navarro Lowrey Properties, Inc. represented the owner in the transaction.   EcoPlex is the first speculative office building in West Palm Beach, and only the second in South Florida, to achieve a LEED® Gold certification from the U.S. Green Building Council (USGBC). Located in the Centrepark Office District, the four-story, 100,000 square foot office building with adjacent garage is the first Class “A”, multi-tenanted “green” office building of its kind inPalm Beach County.

“As we considered options to move ourWest Palm Beachoffice, we were excited to discover the EcoPlex building” said Jeff Householder, FPU’s President. “The building is close to our current downtown facility, which was an important factor. FPU has been providing gas service inWest Palm Beachsince 1924. We have a strong commitment to this community and wanted to relocate in close proximity to downtown. In addition to location, EcoPlex offers us state-of-the-art building technology, with the hurricane-resistant features and emergency power systems that are critical to meeting our customer’s needs during a storm. The energy-saving design and high performance systems (LEED Gold certified) are also in keeping with our interest in promoting clean, efficient energy. As great added features, our employees will have access to a state-of-the-art fitness facility and covered parking.” said Householder.

Listokin & Moore Sell 2 Boca Raton Buildings

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Robert Listokin, SIOR and Peyton Moore, MBA, have completed the sale of two office buildings in Boca Raton in two separate transactions totaling over $6.7 million in value.

Listokin and Moore represented both seller First Southern Bank and buyer Sanctuary Centre Partners, LLC, in the sale of 10 separate office
condominiums at Sanctuary Centre, located at 4800 N. Federal Highway in Boca Raton, FL. A total of 27,503 square feet make up the sold units, which range in size from 642 square feet to 8,256 square feet. Amenities at the project include underground parking and a key location at the major intersection of Federal Highway and Yamato Road in northeast Boca Raton. The buyer plans to lease the units, says Listokin.

The team also sold the Boca Raton Comprehensive Cancer Center at 21020 N. State Road 7 on behalf of the seller, Los Angeles based Aptium Oncology. The 31,632-square-foot office/medical building featured additional land that can support another building of approximately 10,000 square feet, and amenities including impact glass and a location just half a mile from West Boca Medical Center.

 

Concept Elite, Inc. Leases 28,654 SF

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Michael Scarpino, CCIM and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the landlord in the lease of 28,654 rentable square feet of warehouse, manufacturing and showroom space in the 1551 North Powerline Road Building to Concept Elite, Inc. The lease was completed at the three building, 339,554 square foot Superior Commerce Park.

The tenant was not represented by a broker. The lease term was for 66 months with one, five year option to renew.

With the addition of this tenant, occupancy at has now increased to 83.6%.

Concept Elite is a fabricator of granite countertops for a variety of commercial and residential applications. The company plans to open a showroom of their product lines on the street frontage and warehouse their granite slabs in the warehouse portion of the space. They will also be building a state of the art fabrication line in the rear of their space.

Three bays remain available in the 1551 North Powerline Road Building and one bay remains available in the 1541 North Powerline Road Building.