Tag Archive for: chris gallagher

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.

 

CBRE Tapped To Lease Brand New Class A Office Building In Miramar

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CBRE has been assigned leasing at Riviera Point Corporate Center, a new 64,431-square-foot office building in Miramar.

CBRE’s Chris Gallagher and Peter Messina are managing the leasing efforts at the property.

“Riviera Point Corporate Center is ideal for users who are seeking the luxury of a brand-new building with first generation office spec suites ranging in size from 1,537 sq. ft. to 13,804 sq. ft. that allow for immediate occupancy. Building top signage and monument signage are also available for marquee tenants,” said Gallagher.

Completed in 2017, Riviera Point Corporate Center consists of five stories and is complete with amenities, including a shared conference room, tenant lounge area with complimentary Wi-Fi, green car charging stations and on-site management. There is a diverse tenant mix, including law firms, accountants, financial advisors, residential lenders and more.

The location provides access to Interstate 75 via Miramar Parkway, Miami and Fort Lauderdale airports.

 

CBRE Selected To Lease Office Space At South Florida’s Largest Mixed-Use Project

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Metropica, one of the nation’s largest under-construction mixed-use projects, announced today it has retained CBRE to handle pre-leasing at 1700 Metropica Way, a ±170,000 sq. ft. Class A office building to be completed in 2020. The second phase of Metropica’s office development, which entails up to 500,000 sq. ft., is also available for office leasing and build-to-suits. CBRE’s Carol Elis-Cutler and Chris Gallagher will spearhead leasing efforts for 1700 Metropica Way.

In addition to its office component, once completed, Metropica will encompass more than 2,250 residential units, retail, shopping and entertainment, green spaces, public spaces dedicated to the arts, and a boutique luxury hotel. The project, which is being developed by Metropica Development LLC and designed by the award-winning team of Cooper Carry, CI Design, Oppenheim Architecture, YOO Design Studio and EDSA, is scheduled to complete the first of its eight residential towers and welcome its first residents this December.

“Across the U.S., we are seeing the incredible impact and success similar mixed-use projects are having in their markets, such as Hudson Yards in New York City, Avalon in Alpharetta, Georgia, and Ballpark Village in St. Louis, Missouri. We know Metropica will transform Sunrise and West Broward County, and we are thrilled to be part of this ground-breaking project,” said Carol Elis-Cutler, first vice president at CBRE.

1700 Metropica Way’s Class A office space, which is being developed on the southern segment of the project’s 65 acres, will be set atop street-level retail. Future phases will include the 480,000 sq. ft. business park campus on the northern portion of the site. State-of-the-art WiFi throughout Metropica’s outdoor spaces will ensure full connectivity across the entire property.

“We are delighted to be working with CBRE on the pre-leasing of 1700 Metropica, which will be situated in the heart of Metropica’s vibrant urban, high-street community with access to top retail and dining experiences just steps away,” said Bernard Werner, President and COO of Metropica Development LLC.  “CBRE’s national reach and extensive resources make them an ideal match with our vision to bring top corporations, organizations and industries to this compelling new Class A office building.”

Metropica is located at 1800 Northwest 136th Avenue, on the northeast corner of Sunrise Boulevard and 136th Avenue, west of outlet mall Sawgrass Mills. It is just a few minutes from South Florida’s major highways, including I-75, I-95, I-595 and the Florida Turnpike, less than 15 minutes from Weston and the Fort Lauderdale International Airport, and less than a half hour from the Fort Lauderdale beaches, Boca Raton, and Aventura.

“This is a pivotal point for new office development in Sunrise. With occupancy at an all-time high, large office users in the market have very few options when relocating or expanding,” said Chris Gallagher, senior vice president at CBRE. “Metropica is ideally situated in the true urban epicenter of the tri-county area, offering corporate tenants access to more than 6 million people in South Florida through major transportation hubs within an hour’s commute time. Metropica’s truly innovative nature offers corporate clients major connectivity, state-of-the-art offices with high-tech amenities, and much more.”

According to CBRE’s Q2 Office MarketView report, the Sunrise/Sawgrass submarket currently encompasses more than 2.4 million sq. ft. of office space. Leading corporate headquarters in the area surrounding Metropica include American Express, HBO Latino, AT&T, Magic Leap, and Universal Music.

Sawgrass Pointe I In Sunrise Sells For $51.1 Million

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CBRE arranged the sale of Sawgrass Pointe I, a 230,668-sq.ft. 6-story Class A office building to New York-based True North for $51.1 million.

The property located at 1000 Sawgrass Corporate Parkway in Sunrise was sold by an institutional investor. CBRE’s Capital Markets team of vice chairman Christian Lee and senior vice president José Antonio Lobón represented the seller.

“Sawgrass Pointe I is located in South Florida’s largest office park, Sawgrass International Corporate Park, which is strategically bounded by the Sawgrass Expressway, Interstate 75 and Interstate 595,” explained José Lobón, senior vice president, CBRE Capital Markets. “Being at the nexus of three major South Florida roadway systems offers the business park unmatched access – an estimated 5.6 million people, more than 90 percent of South Florida’s population, live within a 60-minute commute.”

Built in 2002, Sawgrass Pointe I features an above-market parking ratio of 5.0 per 1,000 square feet, water views and recent common area upgrades. The property is 96 percent leased to 17 tenants with a remaining weighted average lease term of more than five years. The office park is the regional headquarters to several blue-chip companies, including Ford, Fidelity Information Systems, AT&T, American Express, Harris Corporation, Xerox and Ticketmaster.

“Sawgrass Pointe I’s location and high-quality modern design make the property extremely attractive to both tenants and investors. Consequently, demand within the investor community was robust,” explained Christian Lee, vice chairman, CBRE Capital Markets.

Market fundamentals in greater Broward County are strong, with positive net absorption and vacancy declining continuously over past six years. Broward’s unemployment rate of 3.3 percent as of October 2017 is the lowest in South Florida, despite robust population growth. The Sawgrass Park submarket has been exceptionally strong. Vacancy has averaged in the single digits over the past six years and currently sits at just 7.6 percent.

The CBRE South Florida Capital Markets team also included Vice President Amy Julian, Senior Vice President Chris Gallagher and Financial Analyst Tyler Ploshnick.

Duke Realty Signs 47,000 SF In Office Deals

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The South Florida office of Duke Realty Corporation (Duke Realty) has announced that it signed 46,960 square feet in office leases in the first quarter of 2013. This volume resulted from leases with several new tenants, as well as renewals and expansions by existing customers.

“Our ability to attract and retain tenants in our South Florida properties is testament to the appeal of these buildings in terms of location and quality,” said Ed Mitchell, Senior Vice President of Duke Realty’s South Florida operations. “Our local team also has excellent insight into the market, so we are well-positioned to offer knowledgeable recommendations as well as superior space options.”

Duke Realty’s South Florida office was represented by Chris Gallagher, Vice President, Leasing, and Stephanie Rodriguez, Senior Leasing Representative, in all of the following office leases:

  • Pediatrics Associates, the largest pediatric group in Florida, moved its corporate office to 24,091 square feet in Royal Palm II, a Class A office building located at 1000 South Pine Island Road in Plantation. Chris Coots with Flagler Investment Property Group represented Pediatrics Associates in the transaction.
  • Also in Royal Palm II, the GSA signed a new lease for 12,821 square feet. Sterling Hedley with Smith Real Estate Services, in conjunction with CBRE, represented the GSA in the transaction.
  • In another new lease, Darkside Gaming leased 10,048 square feet in Sawgrass Building A located at 13800 Northwest 14th Street in Sunrise. Zach Wendelin with Cresa served as the tenant representative.

Justin Cope, Leasing Representative, represented Duke Realty in closing 416,132 square feet in industrial transactions during the same quarter.