Tag Archive for: clay sidner

CBRE Brings Mizner Office Tower & Mizner Park Plaza Real To Near Full Occupancy With 99,000 SF In Lease Deals

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CBRE's John Criddle, Joe Freitas & Allie Lancashire vCBRE Executive Vice President John Criddle, First Vice President Joe Freitas and Transaction Manager Allie Lancashire announced the signing of 20 lease deals totaling 99,015 square feet at Mizner Office Tower & Plaza, bringing Mizner Park Office Tower to 96% occupied and Mizner Park Plaza Real to 93% occupied.

Mizner Park Office Tower_225 NE Mizner Blvd Boca RatonMizner Park Office Tower is a 7-story building centrally located in Boca Raton’s business district and offers sweeping views of the ocean. With 165,416 square feet of “Class A” office space, free garage parking and 24-hour security services, this premier office tower accommodates companies of all sizes with its superior location, design and service.

The prominent CBRE office team signed Robbins Geller Rudman & Dowd, one of the world’s leading complex class action firms representing plaintiffs in securities fraud, antitrust, breach of fiduciary duty, consumer fraud, and privacy cases, to 26,429 square feet. Headquartered in San Diego, CA, the lease deal marks a relocation and expansion for the law firm from 120 East Palmetto Park Road. Jeremy Hakala with Newmark represented the tenant in the deal.

The team secured new lease deals with Logitix, an advanced ticketing technology firm, for 6,116 square feet, which was represented by Barbara Black and Iker Belauste with JLL; Perr Knight, an actuarial firm, for 4,374 square feet, which was represented by Deborah Fink with CBRE;  ImMune Bio a clinical stage immuno-oncology company, for 5,165 square feet, represented by Tawny Moore with Commercial & Luxury Residential Specialist; and Cetera, a financial group, for 5,252 square feet, which was represented by Brad Armstrong with Vestian Global Workspace Services.

In addition, the team signed the following renewals:

  • Tobin & Reyes, a law office, for 9,380 square feet; represented by Clay Sidner and Jeremy Hakala with Newmark
  • Brockway Moran, a private equity firm, for 3,870 square feet
  • Mesirow, a financial services company, for 2,324 square feet; represented by Jonathan Barbar with Barbar & Associates
  • AGNC, a REIT, for 1,763 square feet; represented by Chase Deuscle with CBRE
  • DA Davidson, an investment banking company, for 1,405 square feet

Criddle and Freitas secured an additional 10,813 square feet in new deals at Mizner Park Plaza Real, located at 327 & 433 Plaza Real Boulevard in Boca Raton.

  • Element Packaging, a packaging solutions company within the beauty and skincare industry, for 3,185 square feet
  • iSella.com, is a real estate brokerage firm to assist out-of-state and international buyers, for 2,345 square feet
  • Tom Murphy (690/720 NE 5th Ave), a family office, for 2,166 square feet, who was represented by Jay Whelchel with Whelchel Partners
  • Palmetto Dental for 1,672 square feet, which was represented by Jonathan Eisenband with Onecore Realty
  • Interactive Offers, a marketing company, for 1,445 square feet

The following renewals were also signed:

  • Regus, a professional business center, for 16,624 square feet; represented by John Marshall with JLL
  • John Henry, for 4,414 square feet; represented by Peter Reed with Commercial Florida
  • Osborne Associates, a law firm, for 2,754 square feet
  • Goldman Felcoski, a law firm, for 2,360 square feet
  • Dr. George, a family practice physician, for 1,224 square feet

Mizner Park Plaza Real offers a total of 102,922 square feet of Class “A” luxury office space with spec suites offering immediate occupancy, featuring Plaza views, free garage parking, downtown convenience within walking distance to many shops, restaurants and amenities.

Both office properties are located within Mizner Park, a luxury landmark that includes retail, office, residential, and cultural space, as well as a 5,000-person-capacity amphitheater. In addition, Mizner Park offers luxury cinema iPic Theaters with their Tanzy dining and high-end bowling alley Strike 10. A collection of popular restaurants includes Loch Bar, Yard House, KaPow!, Max’s Grille, Villaggio Restaurant, and Ruth’s Chris Steak House.

Progress continues to be made on the Brightline Boca Raton station and parking garage located on a 1.8-acre site across from Mizner Park. Work is advancing on the 4.5 story, 455-space parking garage as well as the station’s platform foundations. The 38,000-square-foot station and garage are expected to be completed in the fall of this year. Once completed, the station will be Brightline’s fifth in the state, connecting Boca Raton travelers to Miami, Aventura, Fort Lauderdale, and West Palm Beach, with a forthcoming station in Orlando.

 

Law Firm Relocates, Inks Big Lease Deal

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Law firm Robbins Geller Rudman & Dowd LLP signed on for a 26,429- square-foot office lease at the Mizner Park Office Tower located at 225 NE Mizner Boulevard in Boca Raton.

Newmark Managing Director Jeremy Hakala and Managing Director Clay Sidner represented the tenant in the transaction. The team has worked with Robbins Geller Rudman & Dowd over the past two years, and this marks the first transaction they have completed together. The asset owner, Brookfield Properties, was represented by John Criddle and Joe Freitas of CBRE.

The firm moved from Palmetto Park City Center at 120 E. Palmetto Park Road in Boca Raton.

“After evaluating the firm’s options for several months, we were able to uncover a unique opportunity which included building-top signage on two sides of the Mizner Park Office Tower. The Robbins Geller Rudman & Dowd name will be on display for all of the Mizner area to see,” said Hakala. “We are grateful to have had the opportunity to work with a world-class law firm. We think they will be extremely happy in their new home for a very long time.”

The Mizner Park Office Tower is a seven-story, 167,440-square-foot, Class A office building located in the heart of Mizner Park, a landmark mixed-use development including retail, office, residential and cultural space. The 255,168 square feet of retail space at Mizner Park features luxury cinema iPic Theaters; national retailers such as Lord & Taylor, Tommy Bahama, Sur La Table and Z Gallerie; and popular restaurants Loch Bar, Yard House, Villaggio Restaurant and Ruth’s Chris Steak House. The property offers sweeping views of the ocean and Plaza Real.

According to Newmark Research, the South Florida region felt its first recovery since the impacts from the pandemic began, with over 283,000 square feet of positive net absorption recorded during the third quarter of 2021. This was the first time all three markets in South Florida, along with all three class segments, saw demand outpace supply since the effects from the global shutdown began to surface during the same period one year ago. The Broward County office sector saw leasing activity tick upward during the third quarter of 2021, with 645,000 square feet of leasing activity. Total year-to-date leasing activity in the Broward County office market registered 1.8 million square feet, double the activity seen at the same point in 2020.

 

Cushman & Wakefield Negotiates 60,000 SF In Office Leases In Pembroke Pines

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Cushman & Wakefield announced that it has negotiated seven new office leases at Pembroke Pointe 880 totaling 59,130 square feet.

The office leasing team of Executive Director Deanna Lobinsky, Executive Director Travis Herring, Director Katherine Ridgway and Associate Chase Kulp executed the leases on behalf of building owner and developer Duke Realty.

Pembroke Pointe 880 is a 143,355-square-foot Class A office building developed in 2015. Lobinsky, Herring, Ridgway and Kulp were selected to lease the building by Duke Realty in October 2016. The team has secured leases with DeVry Education Group; Evolution Lighting, LLC; CoreStaff; Boxy Charm; Costa Cruise Lines; Kronos; and QEO Group, LLC.

“We have been very pleased with the leasing velocity at Pembroke Pointe 880 this year. The property is uniquely positioned in the tight Broward County office market to capitalize on the pent-up demand for new, accessible Class A space in a state-of-the-art building,” said Lobinsky. “We’ve also been extremely fortunate to work with a very proactive owner in Duke Realty. They’ve put an incredible team in place and allotted the resources needed to assist in lease-up.”

DeVry Education Group

DeVry Education Group leased 13,980 square feet at Pembroke Pointe 880, expanding its presence in the Southwest Broward submarket.

DeVry Education Group is a leading global education provider and the parent organization of American University of the Caribbean School of Medicine, Becker Professional Education, Carrington College, Chamberlain College of Nursing, DeVry Education of Brazil, DeVry University and its Keller Graduate School of Management, Ross University School of Medicine and Ross University School of Veterinary Medicine.

Rashid Siahpoosh of Newmark Grubb Knight Frank represented DeVry Education Group in the lease negotiations.

Evolution Lighting, LLC

Evolution Lighting LLC leased 9,684 at Pembroke Pointe 880, relocating its headquarters from Miami. The lighting manufacturer and distributor provides high-end light fixtures throughout North and South America from its offices and warehouses in Connecticut, North Carolina, Mississippi and Ontario, Canada. Evolution Lighting LLC employs 45 people at Pembroke Pointe 880.

Senior Vice President Doug Okun of Continental Real Estate Companies negotiated the lease on behalf of Evolution Lighting, LLC.

CoreStaff

CoreStaff, a Houston-based staffing company, leased 8,072 square feet at Pembroke Pointe 880 to serve as a regional office for 36 employees. CoreStaff specializes in staffing positions in accounting and finance; administrative and clerical; call center and customer care; human resources, information, records management and library services; as well as light industrial and assembly.

Associate Director Clay Sidner of Newmark Knight Frank represented CoreStaff in the lease negotiations.

Boxy Charm

Boxy Charm leased 11,032 square feet for its headquarters at Pembroke Pointe 880. The Miami-based beauty product distributer employs 65 people in this space.

Irving Diaz, Managing Director of Office Equities, negotiated the lease on behalf of Boxy Charm.

Costa Cruise Lines

Genoa, Italy-based cruise line Costa Cruises leased 4,256 square feet at Pembroke Pointe 880. The Carnival Corporation subsidiary, which currently operates a fleet of 15 ships, relocated its U.S. headquarters and 30 employees from Hollywood, FL.

Doug Campbell, President of the Campbell Group, represented Costa Cruise Lines in the lease negotiations.

Kronos

Kronos leased 7,175 square feet at Pembroke Pointe 880. The Lowell, MA-based company, which employs 5,300 people worldwide, provides cloud applications for workforce management as well as consulting, education and support services. Kronos employs 40 people at Pembroke Pointe 880.

Director Ryan Levy of Cushman & Wakefield represented Kronos.

QEO Group, LLC

Irving, TX-based QEO Group, LLC leased 4,931 square feet at Pembroke Pointe 880 where it employs 20 people in a second corporate office. QEO Group, LLC provides commercial transportation insurance, specializing in the energy, local delivery and construction industries.

Executive Director Jeff Holding and Senior Director A.J. Belt of Cushman & Wakefield negotiated the lease on behalf of QEO Group, LLC.

Pembroke Pointe 880 features 36,111-square-foot floor plates designed for maximum efficiency and space utilization; upscale lobby and common areas; ample parking for tenants (5.5 parking spaces per 1,000 rentable square feet); and Interstate 75 frontage with high-visibility signage opportunities. The building is currently 86 percent leased.