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Broward County posted the strongest growth in South Florida office investment in 2025, outpacing both Miami-Dade and Palm Beach on a year-over-year basis. Office sales volume in Broward jumped 93 percent to nearly $651.5 million, according to an analysis of CBRE data, helped in large part by Fort Lauderdale’s $221 million sale of Bank of America Plaza at Las Olas City Centre.

Miami-Dade still led the tri-county region in total office dollar volume, reaching about $1 billion for the year, but that figure was down almost 26 percent from 2024. One of the biggest drivers there was the $274.4 million all-cash purchase of Sabadell Financial Center in Brickell by the family office of Zara founder Amancio Ortega, a deal that lifted Miami’s fourth-quarter total to more than $653 million.

Palm Beach County also turned in a solid year, with office sales rising more than 51 percent to just under $536 million. Taken together, the numbers suggest that while Miami still commands the largest office trades in South Florida, investor momentum in 2025 spread more broadly across the region, with Broward standing out for the sharpest gain.

The broader backdrop remains mixed. Nationally, demand has been strongest for higher-quality office properties, while older buildings continue to face pressure from weaker fundamentals and conversion discussions. In South Florida, office investment peaked in 2021, but 2025’s results show that buyers are still active when well-located assets come to market.

Source: The Real Deal

Gatsby Florida Partners With Hedrick Brothers Construction For 220,000 SF Class A Office

March 22, 2026/in Done Deals, News/by SFOBA STAFF

Gatsby Florida has officially selected Hedrick Brothers Construction as the general contractor for The Modern at Palm Beach Gardens.

This milestone partnership sets the stage for a mid-year groundbreaking of the 220,000 square foot Class A Office located at 11200 RCA Center Drive in Palm Beach Gardens.

“The Modern is a sophisticated project that requires a partner with an impeccable track record,” said Babak “Bobby” Ebrahimzadeh, President and CEO of Gatsby Florida. “Hedrick Brothers represents the gold standard for construction in South Florida, and their involvement ensures this tower will be the premier workspace in the region.”

Strategically located in Palm Beach Gardens, the 8-story Class AA tower is designed to capitalize on the heavy influx of financial, legal, and Fortune 500 institutions migrating from high-tax environments. Active pre-leasing has officially begun, with the development team aggressively seeking high-profile Fortune 500 companies to join an elite roster of tenants. The project features 25,000-square-foot floorplates, a 10,000-square-foot fine-dining restaurant, and an exclusive tenant-only rooftop patio. To ensure a seamless “live, work, play” experience, the building will also house a state-of-the-art fitness center, conference/media center, a 6-level parking garage with ample EV charging, and full-building generator backup. There will also be 7,000 square feet of quick-serve restaurants and service users on street level of the garage.

“Projects like The Modern represent the kind of thoughtful development that continues to elevate Palm Beach County’s business community,” said Dale Hedrick, Founder and CEO of Hedrick Brothers Construction. “We value the trust Gatsby Florida has placed in our team and look forward to delivering a project that reflects both their vision and the standards our company is known for.”

The Modern joins Gatsby’s distinguished portfolio, which includes the 100% leased DiVosta Towers, currently home to financial giants like J.P. Morgan and Stifel. As the area sees massive residential growth with 1,000 new apartments opening nearby, The Modern stands poised to become the new epicenter of corporate excellence in South Florida.

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Fort Lauderdale Leads South Florida’s 2025 Office Investment Growth

Gatsby Florida Partners With Hedrick Brothers Construction For 220,000 SF Class A Office

Fort Lauderdale Leads South Florida’s 2025 Office Investment Growth

Gatsby Florida Partners With Hedrick Brothers Construction For 220,000 SF Class A Office

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Fort Lauderdale Leads South Florida’s 2025 Office Investment Growth

Gatsby Florida Partners With Hedrick Brothers Construction For 220,000 SF Class A Office

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