Tag Archive for: cbre

CBRE Announces New Leases At Sawgrass Concourse In Sunrise

/in , /by

CBRE facilitated two new office leases totaling 40,000 square feet at Sawgrass Concourse, a two-building office complex located in the Sawgrass International Corporate Park in Sunrise.

Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.

The State of Florida signed leases totaling 40,000 square feet in August. The Florida Department of Financial Services signed a 21,000-square-foot lease, and the Department of Revenue signed a 19,000-square-foot lease. Both state agencies are relocating from other parts of Broward County and are expected to move in during 2026.

“We are excited to welcome these tenants to Sawgrass Concourse,” said Messinger, executive vice president at CBRE. “Successfully backfilling 40,000 square feet of space in only seven months highlights the property’s appeal and underscores the ease and efficiency of working with MG3 Group. Their proactive approach and dedication to facilitating the deal were instrumental in this quick turnaround.”

Sawgrass Concourse is one of the premier flex office properties in the southwest Broward office market.   The office complex provides companies with flexible and efficient floor plans, above-market parking ratios and convenient access to hotels and food/beverage options. Additionally, Sawgrass Concourse offers strategic accessibility with direct access to Sawgrass Expressway, the Florida Turnpike and Interstate 595 and 95.

Berger Commercial Realty Facilitates Sale Of Fort Lauderdale HQ Office Building To Lennox Industries, Inc.

/in , /by

Berger Commercial Realty, a leader in South Florida commercial real estate services, is proud to announce the successful $16 million sale of Health Network One, a 29,890-square-foot corporate headquarters building situated on 2.68 acres at 2201 South Andrews Avenue in Fort Lauderdale.

2001 South Andrews Avenue_Photo Provided by Berger Commercial Realty

Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller, Dino Properties, LLC, in the transaction. The buyer, Lennox Industries, Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, was represented by Christopher Dubberly, Michael Meaden, Seth Ramey, and Jacob Sanchez of CBRE’s Fort Lauderdale and Dallas offices.

Lennox plans to establish its southern region corporate headquarters and training center at the property, consolidating multiple offices into a single, centralized location. The company was drawn to the site’s turnkey, fully furnished condition, proximity to Fort Lauderdale-Hollywood International Airport, and access to major transportation routes and hospitality options, signaling a strategic commitment to South Florida.

“This sale represents a win-win for both parties,” said Hyatt. “We’re proud to have represented Dino Properties from their initial acquisition of this property through its transformation into a highly desirable corporate headquarters building, and now its sale to a world-class company like Lennox. “We expected the highest offer to come from a developer, but Dino’s exceptional work on the building made it highly appealing to an end user, providing a move-in-ready situation for the buyer and a quick deal for the seller.”

Originally constructed in 1949 and completely gut-renovated in 2014 into a modern, tech-inspired office space, the building stands as a prime example of adaptive reuse development in Fort Lauderdale. Previously a distribution center for Hughes Supply Company, the property was reimagined by Dino Properties with a forward-thinking design that attracted multiple offers from developers before Lennox’s acquisition.

The sale underscores the ongoing gentrification and redevelopment of the South Andrews Avenue corridor, an area once dominated by industrial and service businesses that is now experiencing rapid growth with new multifamily, retail, and hotel projects underway.

Grover Corlew Signs Two Major Leases At 600 Hillsboro, Bringing Hillsboro Center To 90% Occupancy

/in , /by

Grover Corlew announced the signing of two significant leases, one with The Corradino Group and the other with Wemlo, at 600 Hillsboro, one of five buildings in the Hillsboro Center office campus in Deerfield Beach.

The leases bring Hillsboro Center to 90% occupancy.

The Corradino Group, a national leader in transportation engineering and planning, has signed a lease for 27,021 square feet of space at 600 Hillsboro, which will serve as the command center for the Florida Department of Transportation’s (FDOT) SW 10th Street Connector Project— an estimated $1.3 billion infrastructure initiative linking the Sawgrass Expressway to I-95 that will create thousands of jobs and generate over $5.5 billion dollars in economic return to the region.

This high-profile project, delivered in partnership with Prince Contracting (part of the Flatiron-Dragados group within the global ACS Group) and OHLA USA as a joint venture,  along with Archer Western (part of the Walsh Group, a fourth-generation family-owned business providing construction services across North America), aims to address longstanding safety and congestion concerns. Once complete, the project will significantly enhance travel, freight movement, and hurricane evacuation routes across Broward County and the broader South Florida.

Wemlo, a RE/MAX Holdings fintech subsidiary that offers third-party mortgage loan processing services, has leased 3,102 sq. ft. of space at 600 Hillsboro, bringing another innovative, growth-oriented company to the building.

These leases follow a series of recent transactions, including the addition of new tenants, and renewals and expansions of current tenants including Osborn Engineering in 600 Hillsboro and J.D. Gilbert & Company, Supreme Health Options and Asymmetric Alpha Global Investors in 700 Hillsboro.

“Hillsboro Center has become a dynamic hub for companies looking for modern space, direct highway access and value in the heart of South Florida,” said Partner Mark Corlew. “The leasing momentum we’ve achieved reflects the strength of the improvements we’ve made, the quality of our tenant experience and the demand for well-positioned suburban office space.”\

Grover Corlew acquired Hillsboro Center in 2019 for $32.5 million, recognizing the long-term potential of the property’s prime location at the southeast corner of Hillsboro Boulevard and I-95. The campus includes the six-story, 119,000-square-foot tower at 600 Hillsboro and four additional buildings totaling nearly 103,875 square feet at 700 Hillsboro. Since the acquisition, Grover Corlew has invested more than $11 million in extensive capital improvements and renovations including a redesigned lobby at 600 Hillsboro, new spec suites, upgraded restrooms and corridors, a tenant lounge and a state-of-the-art fitness center.

“Hillsboro Center is at the center of a rapidly evolving corridor that continues to attract significant public and private investment,” said Partner Anuj Grover. “With more than 162,377 square feet leased since 2023, we’re seeing strong demand driven by nearby developments like the Hillsboro Technology Center and the redeveloped JM Family headquarters campus.”

The revitalization of Hillsboro Center is part of a larger vision for the site. Grover Corlew recently received site plan approval to expand the property with 360 luxury apartment units under its Mayla brand, while continuing to modernize the office campus and demolish obsolete buildings to make way for new public spaces and improved infrastructure.

Ideally located just east of I-95, Hillsboro Center offers tenants structured parking, on-site management, an on-site café, and immediate access to a wide range of nearby restaurants, banks, hotels and retail, with connectivity to Boca Raton via the Dixie Highway overpass and Sawgrass Expressway access through SW 10th Street.

The Corradino Group was represented by Kathryn B. Gillespie of 15 Properties in the transaction and Wemlo was represented by Candy Yeung of REMAX Consultants Realty 1. Grover Corlew was represented by Joe Freitas, John Criddle, Max Pawk and Nicholas Mulligan of CBRE.

 

Venture X Opens Newest Coworking Space In Boca Raton

/in , /by

Grover Corlew announced that Venture X, a premier coworking brand, has opened its newest location in South Florida at the reimagined Palmetto Central office campus in Boca Raton.

The 30,000-square-feet Venture X coworking space now occupies the entire top floor of 1489 W. Palmetto Park Road, a building that has been completely renovated. This renovation is part of a broader $60 million investment to transform the two-building Palmetto Central complex. The redesigned top floor features bright, modern interiors with full-height hurricane-impact windows and private balconies. Additional upgrades to the property include fully renovated common areas, a striking tiered water feature at the main entrance, and generous covered parking with EV charging stations.

“Venture X is a perfect fit for the Palmetto Central office campus, and we are thrilled to welcome them to the building,” said Mark Corlew, Partner at Grover Corlew. “We’ve invested significant resources into modernizing this space to offer businesses the best in design, amenities and location. The demand for Class A office space in Boca Raton is high, and Palmetto Central offers an unparalleled opportunity for businesses that are interested in relocating to the area.”

The Boca Raton Venture X location meets the region’s growing need for flexible workspaces, offering an upscale, collaborative environment for entrepreneurs, remote professionals, startups and established businesses alike.

“We are thrilled to bring the Venture X experience to Boca Raton and to be part of the revitalization of this iconic property,” Kevin Priddy, Managing Partner, Venture X. “This new location reflects our commitment to providing top tier coworking spaces that meet the needs of today’s professionals, with a focus on community and collaboration.”

The Palmetto Central complex is ideally located within close proximity to I-95, the Brightline station and upscale shopping and dining . Venture X joins UHealth Boca Raton, a University of Miami Health System clinic, which opened a 17,000-square-foot clinic in the same building in late 2024.

Venture X was represented by Derek Baker of Colliers, while Grover Corlew was represented by Joe Freitas, John Criddle and Max Pawk of CBRE.

 

Chicago Firm Picks Up West Palm Office Building

/in , /by

Chicago-based Bradford Allen Investment Advisors has made its second splash in the South Florida office market with its purchase of One Clearlake Centre office tower from Rockpoint Group for $45 million, according to property records provided by Vizzda.

The company intends to invest an additional $10 million into refurbishing the property, which currently has a 62% occupancy rate, as part of a value-add strategy.

The 221,000-square-foot building was purchased in 2021 for $60.7 million by Rockpoint Group in partnership with Tricera Capital, NDT Development, and New England Development. Despite efforts, occupancy has remained stagnant, resulting in a nearly 26% loss on the recent sale.

Built in 1986 and located at 250 South Australian Avenue in downtown West Palm Beach, the building will receive a new roof, updated elevators, a renovated fitness and conference center, a tenant lounge, and food service upgrades. Bradford Allen also plans to introduce four move-in-ready spec suites in 2025.

Current tenants include Truist Bank, Ideal Nutrition, and Robert Half.

The leasing for the building will be managed by Tower Commercial Real Estate, led by Jon Blunk and Laurel Oswald.

While One Clearlake has struggled, newer properties like One Flagler — opened in February and 95% leased — reflect strong demand for modern office space. According to CBRE, Class A office buildings in the West Palm Beach central business district have a low direct vacancy rate of 2.8%.

“There is significant potential in repositioning One Clearlake,” said Blunk. “Like other urban cores, downtown West Palm Beach is seeing strong demand for premium office space as top-tier companies move in.”

Earlier this year, Bradford Allen made its entry into South Florida with a $208 million purchase of Las Olas Centre I and II in Fort Lauderdale, the city’s largest office sale in nearly ten years. That building was 69% occupied, and the firm plans a $25 million renovation.

CBRE’s Sean Kelly, Amy Julian, Andrew Chilgren, Tom Rappa, and Mathew Lee represented the seller in the transaction.

 

Source:  Bisnow

JLL Arranges Five Office Leases Totaling 34,000 SF At Presidential Circle In Hollywood

/in , /by

JLL announced the completion of several new leases, including relocations, extensions, expansions and renewals at Presidential Circle in Hollywood that drive total occupancy at the two-tower, Class A office complex to 88 percent.

Situated at 4000 Hollywood Blvd., the 281,625-square-foot office building has executed leases with new and existing tenants from financial services firms to medical office users ranging in size from approximately 2,963 to over 16,000 square feet.

JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.

“As top-tier office space in markets like Miami and West Palm Beach become scarce and more expensive, Hollywood is increasingly becoming the location of choice for companies looking for quality office space at a much more competitive price in South Florida,” said Titcomb. “An iconic property like Presidential Circle is perfectly situated for businesses across all industries looking to take advantage of its strategic location between both major interstates and within close proximity to Fort Lauderdale-Hollywood International Airport (FLL), the world’s second busiest cruise port and the nation’s fifth largest healthcare system.”

Among the new additions to Presidential Cricle’s distinguished roster of office tenants are:

  • Relocating from Downtown Miami, Air Charter Service, the world’s largest aviation brokerage, offering helicopters, private jets and executive airliner charters, as well as a huge range of small specialist aircraft for all business needs, signed a new lease for 5,425 square feet of space in the North Tower. Air Charter Service was represented by Tyler de la Peña of Colliers. (Tyler has recently joined JLL as Senior Vice President.)
  • AR Capital Group, a financial services company founded in 2014 with a mission to provide innovative solutions to clients’ commercial finance needs, will be relocating from another location in Hollywood and occupy 4,929 square feet in the North Tower.
  • Starlims, which delivers globally recognized laboratory information management systems and informatics solutions for cutting-edge labs, has renewed its lease and taken 10,385 square feet of space in the South Tower. Starlims was represented by CBRE’s Keith Edelman and Scott Goldstein.
  • Hazen and Sawyer, a firm that provides environmental engineering services to clients in the areas of water quality and supply, completed a 16,312-square-foot office lease renewal. The tenant was represented by Curtis Dean of CD Commercial Real Estate Services.
  • DermCare, a specialized practice management company designed for and by seasoned dermatology professionals, has renewed its 9,937-square-foot lease early for its corporate headquarters location. The full-service practice management company was represented by Tony Jones with Cushman & Wakefield.
  • For more than 70 years, NPC Financial has been helping individuals, families, and businesses make well informed decisions regarding their finances. The South Florida-based financial planner, represented by JLL Executive Managing Director Steven Hurwitz, extended its lease for 2,963 square feet of space in the North Tower.

“As the property’s ownership, we remain committed to continuing to reinvest in enhancing the office building to provide a best-in-class experience on a consistent basis for all of the esteemed companies that are tenants in our property,” added Eric Levy, Vice President of CDS Realty Investments, LLC. “The recent leasing success and number of renewals executed by the JLL team underscore tenants’ commitment to having their business address at Presidential Circle.”

Centrally located directly on one of Hollywood’s most traveled boulevards, Presidential Circle offers convenient access to Interstate 95 and Florida’s Turnpike. While the seven-story property features many on-site amenities including a café and banking center, additional restaurants and banking options are within walking distance including Jimmy Johns, Picadilly, Sub City, Wendy’s, Capones Italian, Il Posto, Sebastianos, and many more. ​Additional nearby retail options including shipping and office service stores include Target, CVS, Publix, Walmart, FedEx Office and UPS Store. Presidential Circle features a 24/7 lobby attendant and security, on-site property management and spacious conference facilities, in addition to a 4 to 1,000-square-foot parking ratio with covered options. Tenant-ready suites are also available for lease.

According to JLL’s latest office insight report for Broward County, development remains limited in Fort Lauderdale, with only T3 FAT Village East and West under construction. The office market exhibited a somewhat sluggish start to the year, however, rents continued their upward trajectory settling at $46.88 per square foot full service, marking an impressive 17.3% increase year-over-year.