Tag Archive for: cushman & wakefield

Travelpro Signs 30,000-SF Boca Raton Office Lease

/in , /by

Travelpro has signed a 30,000-square-foot office lease at 6500 Park of Commerce Boulevard in Boca Raton.

The property is owned by Faropoint, and the lease was structured as a triple-net agreement. Financial terms were not disclosed.

Eric Cantor of Cushman & Wakefield represented Faropoint in the transaction. Dean Katz, Adam Bernstein and Greg Katz of Stream Realty Partners represented Travelpro.

The lease adds to ongoing activity in Boca Raton’s Park of Commerce area, a business district that continues to attract office, flex and industrial users seeking access to South Florida’s executive workforce, highway network and regional transportation infrastructure.

Located within the broader Broken Sound/Park of Commerce corridor, 6500 Park of Commerce Boulevard offers proximity to Interstate 95, Florida’s Turnpike, Tri-Rail service and major South Florida airports, making it a strategic location for companies with regional and national operations.

Travelpro, known for its luggage, bags and travel accessories, was founded in 1987 and is headquartered in Boca Raton.

Cushman & Wakefield Arranges Investment Sale Of Fort Lauderdale Office Center

/in , /by

Cushman & Wakefield represented Coral Ridge Office Center LLC in its $7 million disposition of Coral Ridge Office Center to NRNS Acquisition 3696 Federal Highway LLC.

Cushman & Wakefield’s Scott O’Donnell, Mike Ciadella, Greg Miller and Miguel Alcivar structured this transaction “off market.”

Located at 3696 N. Federal Highway, Coral Ridge Office Center totals 32,445 square feet on approximately 1.4 acres. The building was completed in 1989 and is nearly 55% leased to five professional services tenants. The property is well-suited for professional and service-oriented occupiers seeking high exposure in a well-trafficked corridor.

“With occupancy at 55% and in-place rents significantly below market, Coral Ridge Office Center represents a compelling value-add opportunity. The buyer’s planned capital improvements create a rare opportunity to acquire a quality, highly visible South Florida office asset at an attractive basis, with meaningful upside through increased occupancy and rent growth,” said O’Donnell, Executive Managing Director at Cushman & Wakefield.

 

Citizens Private Bank Expands West Palm Beach Presence As Wealth Firms Continue To Target Downtown

/in , , /by

Citizens Private Bank is deepening its presence in Palm Beach County with a West Palm Beach office, adding another financial services name to a downtown market that has become increasingly attractive to private banking, wealth management and investment firms.

The bank’s West Palm Beach office is located at 190 Lakeview Ave., where Citizens says its local team provides private banking support, customized client service and access to relationship managers, private wealth managers and advisory professionals. The office operates Monday through Friday and is led locally by Regional Market Executive James B. Meany, with Augie Vulaj serving as private bank office manager.

Citizens Private Bank signed a 10-year lease for a 2,700-square-foot private banking office on the ground floor of the newly built office tower, plus 9,300 square feet of office space on the 12th floor. Move-in was earlier this month.

Cushman & Wakefield represented the bank, while Tower Commercial Real Estate represented the landlord.

The move follows Citizens Private Bank’s earlier Palm Beach expansion. In October 2025, Citizens announced the opening of its Palm Beach regional office at 400 Royal Palm Way, calling it part of a broader South Florida growth strategy driven by rising client demand. At the time, Citizens said it had added wealth teams in Palm Beach, Boca Raton and Naples over the prior year.

For West Palm Beach, the expansion is another signal that the city’s office market continues to benefit from the growth of South Florida’s financial sector. New and renovated Class A office space has helped attract firms seeking proximity to Palm Beach’s high-net-worth residents, corporate executives and family offices. One Flagler, one of the city’s most visible new office towers, has been positioned as part of the next wave of high-end downtown office development.

Citizens’ growth also reflects a broader shift in how financial institutions are serving clients in Palm Beach County. Rather than relying only on traditional branch networks, private banks are investing in relationship-driven offices designed around advisory services, wealth planning, lending, deposits and personalized client support.

Citizens Financial Group, based in Providence, Rhode Island, reported $222.7 billion in assets as of Sept. 30, 2025. The company offers retail, small business, commercial banking, lending, treasury management, wealth management, capital markets and related financial services.

For office brokers and landlords, Citizens’ expansion reinforces a key theme in the West Palm Beach market: financial services tenants continue to view the city as a strategic location for client-facing operations. As more wealth, banking and investment firms establish offices in the area, demand for well-located, high-quality office space is likely to remain closely tied to Palm Beach County’s growing role as a financial services hub.

Source:  SFBJ

Cushman & Wakefield Represents Denholtz In $34.5 Million Office Sale

/in , /by

Cushman & Wakefield represented Denholtz Deerfield LLC in the $34.5 million sale of Deerfield Corporate Park Buildings 1 and 6, two single-story office buildings located in Deerfield Beach.

Cushman & Wakefield’s Scott O’Donnell, Greg Miller, Mike Ciadella and Miguel Alcivar represented the seller in the transaction, with the assets acquired by a private capital investment group.

Located at 602–668 and 776–858 S. Military Trail within the larger Deerfield Corporate Park, the two buildings total 157,510 square feet and are 87.6% leased to 26 tenants, many of whom have maintained long-term occupancy at the property for more than a decade. The campus spans 12.9 acres and was originally built in 1985, with a full renovation completed in 2017. Designed to accommodate office and office-service users, the property is more than 90% built out as office and is strategically positioned just west of the Interstate 95 and SW 10th Street interchange, offering strong regional connectivity.

Within the Deerfield Beach submarket, the single-story office market remains exceptionally tight, with an estimated 1.5% vacancy rate, underscoring the scarcity of comparable space and limited competitive supply.

“This premier location offers significant logistical advantages through direct access to South Florida’s key highway systems, particularly Interstate 95, while also benefiting from proximity to affluent residential communities such as Boca Raton, Parkland and eastern oceanfront neighborhoods that are home to many influential business decision-makers and executives,” said O’Donnell, Executive Managing Director at Cushman & Wakefield.

 

“With the submarket’s low vacancy for single-story office and office-service product and no new construction on the horizon, Deerfield Corporate Park Buildings 1 and 6 present compelling upside through multiple value-add strategies, including mark-to-market rent growth and the potential conversion of existing office suites to more flex-oriented office-service space,” added Miller, Cushman & Wakefield Director.

 

Cushman & Wakefield To Provide Agency Leasing Services At Commercial Tower In Fort Lauderdale

/in , /by

Cushman & Wakefield announced that locally based property investor NRNS Acquisition 2101 Commercial LLC has selected the firm to provide agency leasing services at Commercial Tower, a five-story Class A office building in the Cypress Creek submarket.

Cushman & Wakefield’s Donna Korn and Beau Ladwig will lead leasing efforts for the 94,532-square-foot building at 2101 W. Commercial Blvd. near the Fort Lauderdale Executive Airport. Current availability ranges from ±1,000 square feet to ±9,212 square feet, offering flexibility for a range of professional users.

NRNS Acquisition 2101 Commercial LLC recently completed an extensive capital improvement program at the property, featuring a fully renovated marble lobby, upgraded elevators, a modern tenant conference center, refreshed common areas and newly built spec suites.

Located minutes away from the Florida Turnpike and Interstate 95, Commercial Tower offers access to efficient travel across the tri-county area.

“Commercial Tower is exactly the type of asset that appeals to companies seeking a modern and convenient Fort Lauderdale address,” Ladwig said. “We are seeing a strong demand for turnkey office space, and this building is uniquely positioned to meet that goal and more. Recent improvements elevate Commercial Tower as a highly accessible, well-appointed Class A office destination in the heart of the Cypress Creek corridor.”

Workman Injury Law Acquires Fort Lauderdale Building As New HQ

/in , /by

Cushman & Wakefield represented Workman Injury Law in the acquisition of 2312 S. Andrews Ave.

Cushman & Wakefield’s Beau Ladwig and Donna Korn represented Workman Injury Law in the $1.7 million transaction.

The 2,811-square-foot office property was fully renovated under previous ownership. The building includes hurricane impact glass, exposed ductwork, slab floors and modern interior finishes. The highly visible location is near State Road 84 and Downtown Fort Lauderdale, with access to the Fort Lauderdale Airport, Interstate 95 and Interstate 595.

“This acquisition gives Workman Injury Law long-term control and visibility in a rapidly evolving corridor near the heart of downtown,” said Ladwig. “As an owner/occupier, it’s an ideal situation and location as the firm continues to grow.”