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

/in , /by

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

/in , /by

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

/in , /by

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.

Gatsby Florida Unveils Luxury Office Tower In Palm Beach Gardens

/in /by

Gatsby Florida, a premier developer of high-profile commercial and residential properties across South Florida, announced the details and plan for The Modern at Palm Beach Gardens, a 220,000 square-foot office tower designed to meet unprecedented demand from relocating financial, legal and Fortune 500 institutions.

The Modern, strategically located in Palm Beach Gardens, represents Gatsby Florida’s continued commitment to providing best-in-class assets in the state’s most desirable markets. The project is specifically engineered to cater to the discerning tastes of corporate tenants migrating from high-tax, high-cost environments, with a particular focus on companies exiting New York following the recent election of Mayor Mamdani.

Gatsby Florida has already completed construction plans and looks to begin construction in January 2026. The project is scheduled to turn over spaces for tenant buildouts by the first quarter of 2027, with a projected grand opening in late 2027.

“We already have about 25% of the building’s space committed to and look forward to rapid lease-up,” said Isaac Shalom, Vice President of Gatsby Florida.  “As the only new Class AA office building under development in Palm Beach Gardens, we recognize the large, unfilled tenant demand in the marketplace and look forward to welcoming top National and International companies to our new tower.”

 

“The consistent corporate exodus from New York City and surrounding areas has been amplified by the recent election, increasing the urgency for firms seeking a more favorable and stable business climate,” said Babak “Bobby” Ebrahimzadeh, Co-Founder of Gatsby Florida. “The Modern is specifically tailored to the high-end standards these top-tier New York corporations expect. We’ve seen that New Yorkers prefer the established, exclusive environment of Palm Beach Gardens, and this building will provide a spectacular work environment—top-of-the-line in all aspects, including ease of access, proximity to housing, and quality of construction.”

The Modern will provide the next generation of premier, secure and amenity-rich office space necessary to accommodate this heavy influx of financial and corporate capital. The 8-story tower’s Class A 25,000 square-foot office floorplates are complemented by a vibrant array of culinary options. The ground floor will house a proposed 10,000-square-foot fine-dining restaurant and a 4,000-square-foot casual dining concept, with an additional 7,000 square feet of quick service and retail uses conveniently situated under the adjacent parking garage.

Palm Beach Gardens offers exceptional demographics and has already proven to be a magnet for corporate relocations, evidenced by the success of Gatsby Florida’s nearby DiVosta Towers project, which is currently 100% leased and hosts financial giants like J.P. Morgan and Stifel Investment Banking.

The Modern is designed to capture the accelerated demand from financial institutions, private equity firms, law firms, and Fortune 500 companies with a strong affinity for Palm Beach Gardens high quality of life. The area is home to world-class golf course communities, including the PGA National Golf Club & Resort, and is seeing massive residential growth with 1,000 new apartments opening in the immediate vicinity.

The Modern at Palm Beach Gardens joins Gatsby Florida’s distinguished portfolio of landmark properties throughout South Florida, which includes DiVosta Towers in Palm Beach Gardens, 800 Brickell in Miami’s Financial District, One Town Center in Boca Raton and 550 Okeechobee in West Palm Beach.

Darryl Kaplan of Darryl R. Kaplan Company is handling the leasing of the project.

Law Firm Nearly Doubles Boca Raton HQ

/in , /by

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.

 

Broward Office Rents Continue To Climb As Palm Beach Market Holds Steady

/in , /by

The office market in South Florida is showing varied momentum across its regional hubs. In Broward County, rents are moving upward, while in Palm Beach County performance is more modest but steady.

Broward County

Office asking rents in Broward rose about 2.8 % year-over-year, reaching an average of approximately $41.96 per square foot at the end of Q2 2025.

Vacancy in the county’s office market stood at roughly 16.0 %, up slightly from the prior year.

Leasing activity has softened—with the year-to-date net absorption showing a loss of about 138,355 square feet—yet investor interest remains strong, particularly in high-quality or downtown assets.

Sub-markets like the downtown Fort Lauderdale CBD saw average asking rents climb to nearly $54.96 per square foot, underscoring the premium for better-located, newer office product.

On the development side, the pipeline is limited—there is currently one notable office project under construction – T3 Fat Village East – (±174,790 square feet) which is scheduled for delivery in 2026.

Palm Beach County

In Palm Beach, the office market is more stable. Vacancy is notably lower—hovering around 9 %—and growth is being driven by demand for newer, amenity-rich Class A buildings in well-located sub-markets.

Asking rents for Class A office space in Palm Beach are reported around $40-43 per square foot gross, reflecting moderate but consistent expansion.

Given the limited new supply, the outlook is cautiously optimistic: demand is expected to support moderate rent growth while occupancies hold steady.