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PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek

December 21, 2025/in Done Deals, News/by SFOBA STAFF

Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.

JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

December 14, 2025/in Done Deals, News/by SFOBA STAFF

The tenants will be relocating from other parts of the market, ranging in size from approximately 2,000 to over 6,400 square feet.

PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek

December 21, 2025/in Done Deals, News/by SFOBA STAFF

Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.

JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

December 14, 2025/in Done Deals, News/by SFOBA STAFF

The tenants will be relocating from other parts of the market, ranging in size from approximately 2,000 to over 6,400 square feet.

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PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek

December 21, 2025/in Done Deals, News/by SFOBA STAFF

PEBB Enterprises completed the disposition of the 6400 Building in Fort Lauderdale’s Cypress Creek neighborhood.

The $11.93 million transaction closed on Dec. 17.

JS Florida Ventures, LLC and HS Florida Ventures, LLC purchased the 55,241-square-foot office building at 6400 N. Andrews Ave. The building is 89% leased and is situated adjacent to a Marriott hotel and in close proximity to I-95.

Cypress Creek is a highly desirable office submarket due to its central location, connectivity to major highways and critical mass of retail and dining.

“This sale concludes a successful long-term investment for our company, as we owned the asset for more than 20 years,” PEBB CEO Ian Weiner said. “We are actively pursuing several new office acquisition opportunities in South Florida, and this was the right time to execute the 6400 Building disposition. PEBB remains bullish about the region’s office market and continues to target opportunities aligned with its long-term strategy of acquiring well-located commercial assets with repositioning and/or redevelopment potential.”

Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar represented PEBB in the 6400 Building sale.

PEBB’s portfolio of office assets includes, among others, The Eclipse (formerly known as the Office Depot headquarters), in partnership with BH Group, and the Research Park at FAU, in partnership with Banyan Development. Those properties are representative of several office assets that the company owns in its home base of Boca Raton and throughout South Florida.

JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

December 14, 2025/in Done Deals, News/by SFOBA STAFF

JLL announced the completion of four new office leases at Peninsula Plaza located on North Federal Highway in East Boca Raton.

Situated at 2424 North Federal Highway, the four-story, 163,640-square-foot trophy office property will welcome the relocating tenants from other parts of the market, ranging in size from approximately 2,000 to over 6,400 square feet.

JLL Executive Vice President Brady Titcomb represented the building’s ownership, CDS Realty Investments, LLC, whose dedication to enhancing the tenant experience has helped drive demand and propel significant leasing activity.

“Peninsula Plaza continues to attract top-tier tenants because it delivers what today’s companies value most including modern amenities, tenant-ready spec suites, efficient space configurations, and a highly desirable location,” said Titcomb. “The building’s sun-drenched atrium, upgraded common areas, modern conference and fitness facilities, coupled with unique suite features like Intracoastal views and private terraces, have made the property one of the most desirable options in the market. These latest leases underscore the strength of tenant demand in Palm Beach County and the appeal of thoughtfully designed, well-maintained office environments.”

Among the new additions to Peninsula Plaza’s distinguished roster of tenants are:

Poliakoff Backer, a South Florida-based law firm providing quality customized representation for community associations of all sizes, will be taking 5,431 square feet of space on the fourth floor. Poliakoff Backer was represented by CBRE’s John Jaspert.

Family First Life, a nationally licensed insurance marketing organization (IMO) and brokerage, will occupy 6,460 square feet on the second floor. Family First Life was represented by George Casey of Total Real Estate Consultants, Inc.

Echelon Financial, LLC, an independent Austin-based registered investment advisory firm, will be taking 5,388 square feet on the third floor. Echelon Financial LLC was represented by Jason Stagman of Stagman Commercial Real Estate Advisors.

A local boutique insurance brokerage specializing in group health insurance, working with small and large group organizations, will occupy 1,931 square feet on the fourth floor. Silvana Benitez with LRM Commercial Real Estate Advisors represented the insurance brokerage.

Ideally situated between Yamato Road and Glades Road, Peninsula Plaza offers immediate access to Interstate 95 and is just minutes from Mizner Park, Boca Town Center, and Boca Executive Airport. The location provides abundant conveniences, with a wide selection of nearby dining options, including Chipotle, Subway, Blaze Pizza, and others, as well as multiple banking institutions along Federal Highway.

The property also backs up to an expansive jogging path with scenic water views, and select suites offer their own Intracoastal vistas and private terraces. Remaining spaces available range from 2,000 square feet to more than 11,500 square feet, providing flexible options for tenants of all sizes.

According to JLL’s latest office insight report for Palm Beach County, the office market posted one of its strongest quarters in years, with absorption turning positive across both North and South County and vacancy declining market-wide. Leasing activity surged to roughly 900,000 square feet while new deliveries saw rapid uptake, underscoring sustained demand for high-quality space, the report shows. Nearly 1.2 million square feet remains under construction, all concentrated in Downtown, yet robust tenant interest continues to support tightening fundamentals.

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PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek

JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek

JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

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PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek

JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

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