Tag Archive for: Danet Linares

Butters Construction, PEBB Enterprises, Konsker Development Join Forces To Develop New Class A Office Project In Midtown Boca

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Butters Construction & Development, Inc. (Butters), and PEBB Enterprises, two Boca Raton–based real estate firms with deep roots in the community, along with Konsker Development, are partnering to develop One Midtown, a brand-new Class A office project in one of the city’s most sought-after commercial districts.

Designed to accommodate today’s evolving workplace needs, One Midtown will feature efficient floor plates, high-end finishes and street-level retail that enhances the walkability and vibrancy of the surrounding neighborhood.

One Midtown will include more than 120,000 square feet of Class A office space, along with over 11,000 square feet of ground-floor retail, designed to meet the growing demand for modern, high-quality office environments in Boca Raton. The development offers a central, highly accessible alternative to West Palm Beach and Miami’s urban core markets.

In a strong signal of that demand, One Midtown is already approximately 35% pre-leased.

Butters brings a longstanding track record to the partnership, having built more than 28 million square feet of commercial real estate valued at over $5 billion during its 36-year history. Its notable Boca Raton developments include Boca Village, Boca Ice and Boca Logistics Park.

PEBB is one of South Florida’s most active commercial real estate investment and development firms, with a significant portfolio and history of successful projects throughout Boca Raton and beyond. Over the past decade alone, PEBB has completed more than 5 million square feet of transactions representing more than $3 billion in value. It is currently partnering with BH Group on The Eclipse (redevelopment of the former Office Depot headquarters in Boca Raton) and owns several additional office assets in the city.

“Boca Raton has been our home for decades, and we believe strongly in its future as a premier office market,” said Malcolm Butters, President and Co-Founder of Butters Construction & Development, Inc. “One Midtown reflects the reemergence we are seeing in office real estate across Palm Beach County and pent-up demand for new Class A office space in the city.”

The joint venture comes at a time when office leasing activity is gaining momentum throughout Palm Beach County. In Boca Raton, the demand for new, well-located office space is already evident. The Aletto, a new office project in East Boca, is currently 70% pre-leased.

Butters and PEBB are already in active negotiations with prospective office tenants.

“One Midtown is simply the best office location in the city,” said Ian Weiner, CEO of PEBB Enterprises. “It offers the same quality, connectivity and amenities companies are seeking in West Palm Beach or Miami, but at a far more compelling value. New office leases in those urban core markets are reaching $150 per square foot triple-net, while Boca provides comparable product at substantially discounted rents.”

Christina Jolley, Kevin Carrasco, Tere Blanca, and Danet Linares of Blanca Commercial Real Estate are the leasing representatives for One Midtown. Zach Feldman of PEBB is overseeing retail leasing on the venture’s behalf.

 

Blanca CRE Drives Over 56,000 SF Of Lease Activity At Royal Palm Office Park

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Blanca Commercial Real Estate, Inc. announced new leases and renewals totaling 56,100 square feet at Royal Palm Office Park in Plantation.

The activity includes a significant lease renewal with Brookfield Corporation, a global leader in financial services, underscoring the ongoing demand for high-quality office space in South Florida.

Key lease transactions include:

Royal Palm I at 1000 South Pine Island Road

  •   Brookfield Corporation: 35,000-square-foot renewal
  •   NCS Pearson: 1,672-square-foot renewal
  •   Robert Slack, LLC: 2,441-square-foot renewal
  •   Jamestown: 989-square-foot renewal

Royal Palm II at 900 South Pine Island Road

  •   The Nassau Paradise Island Promotion Board: 3,010-square-foot new lease
  •   WeFi Technology Group: 2,554-square-foot new lease
  •   Atlas Renewable Energy USA, LLC: 6,686-square-foot new lease
  •   Osaic Wealth, Inc.: 3,748-square-foot new lease

The property’s owner completed significant upgrades in 2024, including a fresh, modern exterior with new white paint, luxurious executive conference and lounge areas as part of the building’s newly built and fully leased spec suite program on the 6th floor of Royal Palm II, and a refreshed outdoor seating area, to elevate the tenant experience. This is proving to be successful in driving more businesses to Royal Palm Office Park, which offers 465,000 square feet of lakefront Class A office space.

Lincoln Property Company serves as the investment advisor and property manager for the property, partnering with the Blanca leasing team, which includes Tere Blanca, Founder, Chairman, and CEO; Danet Linares, Executive Vice Chairman; and Nicole Kaiser, Associate Vice President.

“Royal Palm Office Park’s leasing momentum is a testament to its enduring appeal as Plantation’s premier business address,” said Linares. “Brookfield’s lease renewal, alongside other significant transactions, underscores the demand for refined, premium office spaces with extensive and upgraded amenities,” she added. “Today’s employers are focused on providing premium workplace environments to attract and retain talent. The recently completed enhancements reflect the owner’s commitment to meet these needs and reinforce Royal Palm Office Park as a leading business hub in Broward County.”

In addition to Royal Palm Office Park’s recently completed renovations, tenants enjoy convenient access to on-site food and beverage options, including designated days for food trucks and local farmer’s markets; a 50-person state-of-the-art conference facility; a tenant-only fitness center; as well as complimentary garage parking with two entry points from South Pine Island Road and Peters Road, ensuring ease of access for employees and visitors.

With a single tenant floor remaining available for lease, Royal Palm Office Park is well-positioned as a premier destination for businesses seeking high-quality office space in the heart of Plantation.

Shutts & Bowen Expansion, Zions Bank Lease Bring The Main Las Olas To 100% Leased

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Blanca Commercial Real Estate announced that The Main Las Olas office component is now 100% leased, twenty four months after receiving its temporary certificate of occupancy with the 3,670 RSF expansion of Shutts & Bowen and new tenant Zions Bank leasing 3,931 RSF of office space.

The property is a 1.4 million-square-foot, mixed-use office, residential and retail community featuring Class A offices, stunning high-end architecture, chic residences and destinations for gathering, dining and shopping. The 25-story property features a 387,402-square-foot tower, 17,355 square feet of total retail space, a 2,951-square-foot fitness center, 3,360-square-foot office lounge and conference center, along with an outdoor terrace featuring a fire pit, bar and glass floor oculus with panoramic views of Las Olas and the beach with event and conference space.

The property’s leasing team is led by Danet Linares, executive vice chairman of Blanca Commercial Real Estate, alongside Christina Jolley, senior vice president; Sky Jones, associate vice president; and Tere Blanca, chairman & CEO.

The Main Las Olas was developed by Shorenstein Properties LLC and Stiles, two real estate leaders with development track records spanning more than a century, and was designed by nationally acclaimed architecture firm Cooper Carry.

Shutts & Bowen was represented by Zach Wendelin and Kevin Probel of CBRE, Inc.

Tenants at The Main Las Olas include financial, legal, real estate and insurance sectors, both relocation and new-to-market, solidifying the continued demand for office space in Fort Lauderdale. Moxies and Fogo de Chão will occupy the anchor retail on the ground floor of The Main Las Olas. Tenants include, among others:

  • JPMC 
  • Marcum
  • RSM 
  • Starr Indemnity
  • Raymond James
  • Cherry Bekaert 
  • Synovus Bank
  • Walker Dunlop
  • Starboard Value

“We are thrilled to reach this milestone,” said Linares, Executive Vice Chairman of Blanca Commercial Real Estate. “Over the last year, flight-to-quality remained at the forefront of all major office moves and the uptick of new-to-market demand translated into the stellar performance of new office developments and top-tier existing Class A office space.”

Shorenstein and Stiles developed The Main Las Olas, anticipating the demand for high-quality, luxury office space with world-class architecture and amenities that differentiate the property as the preferred choice for corporate users and its employees. As the only office building in the region offering businesses a full range of amenities, conference space and ceiling heights and surpassing anything else in the market, The Main Las Olas has been the premier choice for companies migrating to South Florida due to the pandemic.

The Main Las Olas is the first new construction class A office space in downtown Fort Lauderdale in more than a decade, further solidifying Broward County’s downtown core as a major player in the commercial real estate office sector. Low taxes and quality of life compared to other major cities are two of the big factors driving the continued migration to South Florida including downtown Fort Lauderdale, one of the most dynamic and growing urban centers in the region. Well-known companies headquartered in Broward County include AutoNation, Citrix, Spirit, Virgin Voyages, Microsoft’s Latin American headquarters, Royal Caribbean International, Chewy, and Hotwire Communications. Other major companies with a significant presence include American Express, Chiquita, JetBlue, Marriott, and DHL.

“We are extremely pleased with the success of The Main Las Olas, the first luxury office of its kind,” said Charles Malet, President and Chief Investment Officer at Shorenstein. “The property underscores Shorenstein’s continued focus on developing differentiated, best-in-class office properties in attractive and growing markets. As preferences for office spaces continue to evolve, we believe these types of top-quality spaces will remain the desired choice for tenants nationwide.”

 

“Along with our partner Shorenstein, we set out to establish a new bar for luxury urban office, not only in Fort Lauderdale, but in all of South Florida,” said Stiles CEO Ken Stiles. “The Main Las Olas offers a truly distinctive integrated work, life and entertainment experience with an unmatched level of quality, amenities and design. We are proud to have had the opportunity to continue our 72 year track record of quality development with this iconic project.”

 

Packaging Design Firm Signs Lease To Relocate HQ To Plantation

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Smurfit Kappa, a global leader in paper‐based packaging solutions, is relocating its United States headquarters to the 465,000‐square‐foot Royal Palm business campus at Pine Island Road and I‐595 in Plantation.

Smurfit Kappa, a FTSE 100 company has over 350 production sites across 36 countries. The company, whose corporate offices are currently located in Sunrise, has inked a long‐term lease for 10,673 square feet of office space at the three‐building park. The new lease reflects Smurfit Kappa´s desire to be in a best‐in‐class and highly amenitized office, setting to serve its existing employees while also setting the tone to attract high‐caliber talent.

 

Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented Smurfit Kappa. Danet Linares of Blanca Commercial Real Estate represented the landlord, TR Royal Palm Corp.

“Smurfit Kappa was seeking an upscale office venue that would help enhance its positioning by providing a myriad of on‐site amenities,” said Fleischer, who is executive vice president of occupier services. “Royal Palm’s café, fitness center, conference facilities, garage parking and executive lounge made it an attractive choice.”

Smurfit Kappa offers customers in the consumer, retail, industrial and e‐commerce sectors an unrivalled portfolio of paper‐based packaging solutions which are 100% renewable and biodegradable and are sourced from recyclable material.

The Company expects to move into its new headquarters by the Fall of 2023.

 

Blanca CRE Selected As Exclusive Leasing Agent For The Main Las Olas

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Blanca Commercial Real Estate has been selected as the exclusive leasing agent for The Main Las Olas, located at 201 E. Las Olas, in downtown Ft. Lauderdale.

Spanning a full city block and slated to deliver in November 2020, the project redefines the city’s epicenter with 1.4 million SF of mixed-use office, residential and retail space that stands alone across South Florida as nothing short of revolutionary. Combining a dramatic and stunning 25-story all-glass design by nationally acclaimed architecture firm Cooper Cary with world-class leading amenities, The Main Las Olas offers nearly 370,000 SF of office space with expansive 12-foot, floor-to-ceiling windows that allow for maximum light, volume, and transparency. Connected to a luxury apartment tower with a Publix GreenWise grocer on the ground floor, the office tower’s outdoor and indoor amenity spaces, conference centers and fitness center rival even the most cutting-edge office spaces found across the region.

The Main Las Olas offers a compelling range of amenities totaling 11,012 SF for its prospective tenants. They include a full-fledged fitness center, office lounges and conference centers, all found on a beautifully appointed 3,303 SF amenity deck and wraparound “Sky Deck” that features panoramic views of Las Olas.

LEED Gold-certified and with a focus on environmental consciousness and the wellness of its occupants, tenants at The Main Las Olas will also enjoy energy efficient, touchless fixtures, electric vehicle charging stations, and a state-of-the-art ionized air filtration system that helps eliminate airborne virus, allergens, and mold particles. The building is inspired by the vibrant culture and energy found in the Las Olas neighborhood and is proximate to the Brightline Ft. Lauderdale Station, which allows it to easily connect with Miami-Dade and Palm Beach, offering tenants the ability to attract and retain top talent from all three counties.

Tenants at The Main Las Olas include the law firms of Akerman and Berger Singerman and holding company BBX Capital.

scott maclaren stiles 375x375“Blanca Commercial Real Estate’s stellar reputation and track record in South Florida speaks for itself,” said Stiles President Scott MacLaren. “We look forward to working closely with their team on our overall leasing strategy as we near completion of this iconic project on Las Olas.”

The Blanca leasing team at The Main Las Olas includes Vice Chairman Danet Linares, Associate Sky Jones with strategic leadership from Tere Blanca.