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CRE Broker Uses F-Word To Describe Palm Beach County’s Biotech Dreams

September 25, 2014/in News/by SFOBA STAFF

Not THAT F-word… Todd Everett has a little more tact than that. CLICK ON THE HEADLINE FOR MORE

Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

September 23, 2014/in Done Deals, News/by SFOBA STAFF

The property’s newest tenant, a large financial institution, is scheduled to occupy their new offices during Q1 2015. CLICK ON THE HEADLINE FOR MORE

CRE Broker Uses F-Word To Describe Palm Beach County’s Biotech Dreams

September 25, 2014/in News/by SFOBA STAFF

Not THAT F-word… Todd Everett has a little more tact than that. CLICK ON THE HEADLINE FOR MORE

Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

September 23, 2014/in Done Deals, News/by SFOBA STAFF

The property’s newest tenant, a large financial institution, is scheduled to occupy their new offices during Q1 2015. CLICK ON THE HEADLINE FOR MORE

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CRE Broker Uses F-Word To Describe Palm Beach County’s Biotech Dreams

September 25, 2014/in News/by SFOBA STAFF

Visions of drug plants, wet labs and incubator space once danced in the heads of Palm Beach County’s commercial real estate brokers and developers. But a decade after former Gov. Jeb Bush recruited the Scripps Research Institute to Florida, those dreams remain just a dream.

Perhaps patience is wearing thin among the commercial real estate types who once embraced the fantasy of a thriving biotech sector. Consider this exchange during Thursday night’s NAIOP South Florida event in West Palm Beach.

“I don’t even really know what to ask,” said Todd Everett, a broker at Marcus & Millichap and moderator of a panel discussion. “Is this our legacy, or is this a flop?”

“It’s slow in maturing,” said Jonathan Satter, a broker at Avison Young. “There’s a long way to go.”

Despite Florida’s $1.5 billion bet on biotech, private-sector spin-offs are nearly non-existent.

Bush, who worked in commercial real estate for a time before he was elected governor, insisted that northern Palm Beach County would need 8 million square feet of space for biotech companies. But Scripps spinoffs take little more than a few thousand square feet of space in Jupiter.

Source: Palm Beach Post

Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

September 23, 2014/in Done Deals, News/by SFOBA STAFF

Colliers International South Florida announced that 62,000 square feet has been leased at Crown Center, located at 1415-1425 W. Cypress Creek Road, Fort Lauderdale.

The property’s newest tenant, a large financial institution, is scheduled to occupy their new offices during Q1 2015.

“The tenant was attracted to Crown Center based on its proximity to I-95, efficient floor plates, ample parking and the overall appearance of the campus, which is exceptionally maintained by an award-winning property management team,” says Sal Bonsignore, Vice President with Colliers International South Florida, who along with Senior Vice President Ronald A. Schagrin, exclusively represents landlord Fort Lauderdale Crown Center, Inc.

Crown Center is a +/- 475,000-square-foot, LEED certified office campus with tenant amenities including on-site banking and café, electric vehicle charging stations and on-site management.

“Crown Center was able to accommodate the tenant’s current requirement as well as provide them with future growth opportunities”, Schagrin adds.

The tenant was represented by Mathew Cheezem of CRESA South Florida.

Half Sized Blog Element (Single Author Style)

Half Sized Blog Element (Multi Author Style)

CRE Broker Uses F-Word To Describe Palm Beach County’s Biotech Dreams

Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

CRE Broker Uses F-Word To Describe Palm Beach County’s Biotech Dreams

Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

Full Sized Blog Element (Big Preview Pic)

CRE Broker Uses F-Word To Describe Palm Beach County’s Biotech Dreams

Colliers’ Bonsignore, Schagrin Ink 62,000 SF Long-Term Lease At Crown Center

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