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Cushman & Wakefield has arranged three leases totaling 18,581 square feet at 1700 Palm Beach Lakes on behalf of Capstone Realty Group.

Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord in the lease negotiations. Kubicki Draper signed a 10,978-square-foot lease, ASM Sports Group signed a 4,433-square-foot lease and Next Generation MRI signed a 3,170-square-foot lease.

“We are committed to making 1700 the premiere Palm Beach Lakes building, a strong alternative to the West Palm downtown market,” said Mitchell Adelstein, Managing Partner of Capstone. “Our Cushman leasing team did a superb job executing these leases by delivering the value differential for 1700 vs our competition.”

The 11-story building totals 113,964 square feet. Recent renovation work includes a new lobby, café, conference center, outside seating/lounge area with new landscaping and installation of a Phenomenal Aire Series R Cold Plasma Generator which creates a plasma field within a HVAC system that naturally cleans passing air. Located just east of Interstate 95, the property is within walking distance of restaurants, hotels and shopping.

“These new leases are a direct result of ownership’s commitment to completely repositioning this asset to be the premier office building on the Palm Beach Lakes corridor which has resulted in demand unlike anything we’ve seen before,” Librizzi said.

Tiktin Real Estate Investment Services (TREIS) announced the sale of an 11-story, 117,668 square-foot multi-tenant office building at 1250 E. Hallandale Beach Blvd. in Hallandale Beach.

The buyer, Soliman Corp., an affiliate of 1250 E. Hallandale LP, acquired the property from Murray Family Associates, an affiliate of KEI Properties, for $16.5 million.

Adam J. Tiktin, president and broker of TREIS, represented both the Buyer and Seller in this transaction.

The closing took place March 31st.

Originally constructed in 1973, the building is 78 percent leased. The city of Hallandale Beach is one of South Florida’s most dynamic and fast growing cities. The building is situated on over 2.5 acres of land and located just two miles from the Aventura Mall and less than a mile away from Gulfstream Park.

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C&W’s Librizzi, England Arrange Three Leases Totaling 18,600 SF At Newly Renovated Office Building

Tiktin Real Estate Brokers $16.5 Million Sale Of Broward Office Building

C&W’s Librizzi, England Arrange Three Leases Totaling 18,600 SF At Newly Renovated Office Building

Tiktin Real Estate Brokers $16.5 Million Sale Of Broward Office Building

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C&W’s Librizzi, England Arrange Three Leases Totaling 18,600 SF At Newly Renovated Office Building

Tiktin Real Estate Brokers $16.5 Million Sale Of Broward Office Building

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