Tag Archive for: blanca cre

Butters Construction, PEBB Enterprises, Konsker Development Join Forces To Develop New Class A Office Project In Midtown Boca

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Butters Construction & Development, Inc. (Butters), and PEBB Enterprises, two Boca Raton–based real estate firms with deep roots in the community, along with Konsker Development, are partnering to develop One Midtown, a brand-new Class A office project in one of the city’s most sought-after commercial districts.

Designed to accommodate today’s evolving workplace needs, One Midtown will feature efficient floor plates, high-end finishes and street-level retail that enhances the walkability and vibrancy of the surrounding neighborhood.

One Midtown will include more than 120,000 square feet of Class A office space, along with over 11,000 square feet of ground-floor retail, designed to meet the growing demand for modern, high-quality office environments in Boca Raton. The development offers a central, highly accessible alternative to West Palm Beach and Miami’s urban core markets.

In a strong signal of that demand, One Midtown is already approximately 35% pre-leased.

Butters brings a longstanding track record to the partnership, having built more than 28 million square feet of commercial real estate valued at over $5 billion during its 36-year history. Its notable Boca Raton developments include Boca Village, Boca Ice and Boca Logistics Park.

PEBB is one of South Florida’s most active commercial real estate investment and development firms, with a significant portfolio and history of successful projects throughout Boca Raton and beyond. Over the past decade alone, PEBB has completed more than 5 million square feet of transactions representing more than $3 billion in value. It is currently partnering with BH Group on The Eclipse (redevelopment of the former Office Depot headquarters in Boca Raton) and owns several additional office assets in the city.

“Boca Raton has been our home for decades, and we believe strongly in its future as a premier office market,” said Malcolm Butters, President and Co-Founder of Butters Construction & Development, Inc. “One Midtown reflects the reemergence we are seeing in office real estate across Palm Beach County and pent-up demand for new Class A office space in the city.”

The joint venture comes at a time when office leasing activity is gaining momentum throughout Palm Beach County. In Boca Raton, the demand for new, well-located office space is already evident. The Aletto, a new office project in East Boca, is currently 70% pre-leased.

Butters and PEBB are already in active negotiations with prospective office tenants.

“One Midtown is simply the best office location in the city,” said Ian Weiner, CEO of PEBB Enterprises. “It offers the same quality, connectivity and amenities companies are seeking in West Palm Beach or Miami, but at a far more compelling value. New office leases in those urban core markets are reaching $150 per square foot triple-net, while Boca provides comparable product at substantially discounted rents.”

Christina Jolley, Kevin Carrasco, Tere Blanca, and Danet Linares of Blanca Commercial Real Estate are the leasing representatives for One Midtown. Zach Feldman of PEBB is overseeing retail leasing on the venture’s behalf.

 

Blanca CRE Expands South Florida Office Portfolio Into Boca Raton, Greater Fort Lauderdale

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Blanca Commercial Real Estate announced its expansion in Boca Raton as the exclusive leasing agent for three PEBB Enterprises office properties in Boca Raton and Greater Fort Lauderdale’s Cypress Creek submarket. This new office portfolio marks Blanca CRE’s agency leasing team’s Boca Raton debut and enhances its already significant role in advising investors and developers across the South Florida region.

Totaling more than 200,000 square feet, the properties are located in two of South Florida’s most sought-after business hubs, where demand for office space continues to grow.

“Boca Raton and Greater Ft. Lauderdale remains a magnet for companies in finance, healthcare, research and technology,” said Christina Stine Jolley, Senior Vice President at Blanca Commercial Real Estate. “Our expanded presence into Boca Raton and continued growth in Greater Fort Lauderdale are made possible by our commitment to strategic investments designed to support our clients—as well as our growing, dedicated and collaborative brokerage and property management team—with innovative strategies, tools, and proprietary data .”

The PEBB Enterprises portfolio properties awarded to Blanca CRE include:

  • Boca Corporate Plaza, 7900 Glades Road, Boca Raton, FL 33434
    • Size: 88,763 SF, 6 stories
    • Key Tenants: PEBB Enterprises (owner), Caulfield Wheeler, Kogan & DiSalvo, Ulysse    Nardin, and several legal and financial services firms
  • Eighteen Zero One, 1801 North Military Trail, Boca Raton, FL 33431
    • Size: 61,188 SF, 3 stories
    • Key Tenants: Morgan Stanley, Cozen O’Connor, Newmark, First Horizon Bank
  • 6400 Building, 6400 North Andrews Avenue, Fort Lauderdale, FL 33309
    • Size: 54,697 SF, 5 stories
    • Key Tenants: RingCentral, SaferWatch, and a diverse mix of medical, legal, and professional services firms

“Our expansion to include Boca Raton and further our reach into the Greater Fort Lauderdale area represents a significant milestone for Blanca Commercial Real Estate as we continue to grow our presence in South Florida’s most dynamic business hubs,” said Tere Blanca, Chairman, Founder and CEO of Blanca Commercial Real Estate.

 

“Partnering with PEBB Enterprises is another example of Blanca CRE’s long-standing commitment to building long term relationships with our clients and to deliver exceptional outcomes on their behalf. The Boca Raton and Greater Ft. Lauderdale office sectors are continuing to prove the appeal this region has as a destination for various business sectors,” she said. 

PEBB Enterprises’ Boca Raton and Cypress Creek assets continue to attract companies drawn by these markets’ deep talent pool, accessibility, academic partnerships, and exceptional connectivity.

The leasing team overseeing these assignments includes Christina Stine Jolley,  Senior Vice President and Broward Market Leader, Andrew Ackerman, Senior Vice President, and Chris Gallagher, Senior Vice President at Blanca CRE.

 

Blanca CRE Expands Broward Leadership

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Blanca Commercial Real Estate announced key leadership appointments to support its rapidly-expanding Broward County presence.

Both South Florida natives and Broward residents, Christina Stine Jolley has been promoted to Senior Vice President & Broward Market Leader and Andrew “Andy” Ackerman joins as Senior Vice President.

“Christina has been integral to our success serving our clients in Broward County, and Andy’s deep expertise in office leasing and landlord representation will further contribute to the value we provide to our clients,”  said Tere Blanca, Founder, Chairman, and CEO of Blanca Commercial Real Estate. “With the office market across South Florida and in Broward County outperforming the performance of other major metro regions, their combined expertise will be instrumental in advancing our commitment to continue to deliver unique insight and expertise to our clients and leadership in the market,” she added.

Andy Ackerman brings more than 20 years of experience to his role as Senior Vice President. Previously co-leading the leasing of a 3-million-square-foot office portfolio at Comreal and closing over $300 million in sales transactions with CBRE’s Private Client Group in Fort Lauderdale,  Ackerman will lead the leasing of approximately 400,000 square feet of Broward County office properties.

“I am both excited and honored to join Blanca Commercial Real Estate, especially at a time when we are seeing and experiencing impressive growth and success in Broward County,” said Andrew Ackerman. “Broward County presents terrific opportunities for existing companies and new entrants to the market as well as for investors and developers.  I’m looking forward to bringing my deep experience in commercial real estate to Blanca CRE and working alongside this talented team to deliver innovative and thoughtful solutions to clients that continue to set Blanca CRE apart.”

Christina Stine Jolley, with Blanca CRE since 2021, steps into her expanded role of Senior Vice President & Broward Market Leader as the firm anchors itself to capitalize on Broward’s evolving market dynamics. Her previous experience includes serving as Senior Associate at Cushman & Wakefield’s top office tenant advisory team in Broward.

“It’s an honor and a privilege to take on this new leadership role as we continue to grow with our clients in Broward County, a market where smart investments are made by the public and private sector which has proven to appeal to a broad demographic talent base,” said Christina Jolley. “Our team is energized and ready to meet the rising demand for exceptional commercial real estate services in the region.”

Ackerman and Jolley are based in Blanca CRE’s Downtown Ft. Lauderdale Office.