Tag Archive for: cushman & wakefield

Aetna Inks Huge Office Deal At New Mixed-Use Project At Site Of Old Fashion Mall

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Aetna has agreed to a lease for about half of a planned 175,000-square-foot office building at the new Plantation Walk development in Plantation.

The office building is part of a $350 million mixed-use project that Encore Capital Management is building at the site of the old Fashion Mall at 300 NW 82nd Ave. When completed, Plantation Walk also will have 200,000 square feet of retail space and 700 luxury apartments.

A source close to the negotiations confirmed the deal with Aetna. The property’s office leasing agent, Jay Adams of Newmark Knight Frank, declined to comment for this story. Aetna’s broker, Steve Ernst of Cushman & Wakefield, did not return a phone call seeking comment.

The seven-story building is due to be completed this summer, with the first tenants moving in by December, according to a spokeswoman for Plantation Walk.

Aetna currently has about 100,000 square feet at 1340 Concord Terrace at the Sawgrass Corporate Park in Sunrise, according to CoStar data.

 

Source:  CoStar

City Of Boynton Beach Leases 23,000 SF

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Cushman & Wakefield has negotiated a ±23,000-square-foot office lease with the City of Boynton Beach at 3301 Quantum Boulevard.

The Cushman & Wakefield brokerage team of Gordon Messinger, John K. Criddle and Joseph J. Freitas negotiated the lease on behalf of FH Quantum, LLC, a partnership between Grant Horwitz, managing principal of Fort Lauderdale, FL-based Fox Ridge Capital, and Joshua Schrager and Daniel Schwartz of Hollywood, FL-based Geometry Development, LLC.

Keith O’Donnell of Avison Young represented the City of Boynton Beach in the lease negotiations.

The City of Boynton Beach will house administrative offices in the ground-floor space. A summer 2018 move-in date is anticipated.

“3301 Quantum Boulevard is a tremendous fit for the City of Boynton Beach,” said Messinger. “The building is easily accessible and offers exceptional parking ratios while maintaining proximity to downtown Boynton Beach and City Hall.”

3301 Quantum Boulevard is a 100,000-square-foot, two-story office building developed in 1995 on a 6.2-acre site. FH Quantum, LLC acquired 3301 Quantum Boulevard in December 2017 and is investing significantly in capital improvements, including a new roof, new HVAC system and upgrades to site landscaping and the surface parking areas.

Messinger, Criddle and Freitas were named exclusive leasing advisors shortly after the acquisition and have quickly leased 3301 Quantum Boulevard’s entire ground floor.

3301 Quantum Boulevard is located one mile from Interstate 95 and is proximate to the Boynton Beach Tri-Rail station, a Palm Tran stop, and a wide range of retail and dining along Gateway Boulevard.

C&W Named Exclusive Leasing Advisor For Boca Office Building

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Cushman & Wakefield has been named exclusive leasing advisor for Saber Centre I, a 101,347-square-foot office building located at 5901 Broken Sound Pkwy NW in Boca Raton, according to a release.

The Cushman & Wakefield office leasing team of John K. Criddle and Joseph J. Freitas has been hired by G&C Sabre Investors, LLC, an affiliate of Pompano Beach, FL-based real estate investment group Grover Corlew.

Criddle and Freitas were selected to reposition and rebrand the six-story Class A office building as the Grover Corlew team is months away from finishing a complete lobby, common area and elevator modernization.

“The high-floor penthouse vacancy at Saber Centre I offers over 17,500 square feet of sweeping golf course views making it one of the most unique corporate locations in Boca Raton,” said Freitas.

Office space at Saber Centre I is available from $18 to $22 NNN with a notable tenant roster that includes BSN, IBM, IWS, Ring Central and Education Dynamic.

“The Park at Broken Sound is one of the few active, mixed-use infill development sites in South Florida with more than 1,000 new multifamily units and 65,000-square-feet of new retail space,” said Criddle. “Given Saber Centre I’s wide range of availabilities, premium finishes and a tightening Palm Beach County Class A office market, we believe the building is uniquely positioned to capitalize upon the park’s revitalization and active Boca Raton marketplace.”

 

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.

 

BHI Energy Relocates And Expands, Inks 17,000 SF Office Lease

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Cushman & Wakefield announced that it has negotiated a a 16,693-square-foot office relocation lease with BHI Energy at 500 Columbia Drive in Palm Beach County.

Cushman & Wakefield Director Kevin D. Landers negotiated the new lease on behalf of BHI Energy, which relocated approximately 100 employees from 901 Northpoint Business Plaza in West Palm Beach, where it occupied approximately 12,000 square feet. Mike Eissey of PM Hanna Management, LLC represented building owner JJR Properties, Inc.

Weymouth, MA-based BHI Energy provides specialty services and staffing solutions to the power generation, energy and government markets. Founded in 1979, BHI Energy employs more than 8,500 experienced project management and technical, professional and craft labor operators at over 130 global project locations. The company has offices throughout North America, including two Florida locations in West Palm Beach and Altamonte Springs. The West Palm Beach office houses BHI Energy’s Storm Hardening Design Project Team.

“BHI Energy had expanded several times in its former space and had finally outgrown the building altogether. Their goal was to remain proximate to the FP&L Command Center in West Palm Beach, and through a very focused site selection process, we were able to identify space, negotiate a lease and relocate within 90 days of beginning the search,” said Landers.

“Kevin and his team at Cushman & Wakefield were incredible partners throughout this entire process,” said J. Robert Beckman, BHI Energy Executive Vice President. “They remained focused on our needs throughout, discovered numerous potential locations, negotiated expertly on our behalf and were still able to close in a timeframe that met our business needs.”

500 Columbia Drive is part of JJR Properties’ seven-building office park on Columbia Drive in northeast Palm Beach County. The single-story, concrete block and stucco buildings provide attractive and well-appointed space in a campus-like setting with free parking just steps from tenant entries.

The office park is located in the heart of the Palm Beaches with convenient access to Palm Beach Lakes Boulevard, Okeechobee Boulevard, Intestate 95, Florida’s Turnpike and Palm Beach International Airport.

 

Cushman & Wakefield Negotiates 50,000 SF Office Relo, Expansion Lease

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Cushman & Wakefield negotiated a ±50,000-square-foot office relocation and expansion lease with South Florida Bible College & Theological Seminary (SFBC&TS) at 2200 SW 10th Street in Deerfield Beach.

Freitas

Criddle

Managing Director John K. Criddle and Senior Associate Joseph J. Freitas secured the long-term, full-building lease on behalf of Boca Raton-based investor Fields Realty. Criddle and Freitas were named exclusive leasing and sale agents for the former plug-and-play call center in Broward County’s Colonnade Business Center earlier this year. Casa Bella Realty’s Joe Souza represented SFBC&TS.

SFBC&TS was established as a Bible Institute in 1985, before evolving into a Bible College and Seminary in 1988. The first graduating class consisted of 80 students in 1990. It currently has an enrollment of more than 400 students. SFBC&TS relocated from 1100 South Federal Highway, where it occupied ±10,000 square feet.

“This location met the tenant’s expansion needs and was very accessible for students attending classes from all areas of Palm Beach and Broward Counties,” said Criddle. “SFBC&TS has been growing rapidly and this property will provide them with the expansion capabilities they have been looking for.”

2200 SW 10th Street was developed in 1995 on a 5.4-acre site. The building offered move-in ready call center space that translated well to an academic environment with elevated ceilings, 300 workstations, more than 36 offices, multiple conference rooms, a training room, a kitchen/break room and a server room. The building is situated on the south side of SW 10th Street, minutes from the Sawgrass Expressway, Interstate 95 and Florida’s Turnpike and less than two miles from the Deerfield Beach and Pompano Beach Tri-Rail stations.