Tag Archive for: owen sagar

CBRE Tapped To Lease Plantation’s Newest Class A Office Building

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CBRE is pre-leasing office space at University Professional Center, a 63,600-square-foot office development under construction at 1248 North University Drive in Plantation. The new 3-story property is scheduled for delivery in Q2 2019 and will be the first office building in Plantation built in the last 10 years.

CBRE’s Scott Brenner, Owen Sagar and Deborah Fink are handling leasing efforts at the property on behalf of ownership, Plantation Professional Plaza.

“Adjacent to Plantation’s emerging technology cluster, University Professional Center will be a state-of-the-art office and medical building featuring up to 42,400 sq. ft. of contiguous space, with 26,800 sq. ft. approved for medical office use,” said Scott Brenner, Executive Vice President at CBRE. “The building is coming out of the ground with an anchor tenant in place, Chetu, a global leader in software development.”

The 3-story building offers office space that can be custom designed to tenant specifications. The suites will be individually metered for electric and HVAC use, offering tenants flexible operating hours. The overall parking capacity is 4.6 spaces per 1,000 square feet of leased space, which allows tenants the option to build an increased density floorplan.

University Professional Center is located in the City of Plantation in Broward County, with a population of more than 430,000 within a 5-mile radius. The property enjoys direct access to I-595, as well as Florida’s Turnpike, The City of Plantation is 15 minutes from Downtown Fort Lauderdale and the Brightline/Virgin Trains USA station, Fort Lauderdale-Hollywood International Airport, I-95, and Port Everglades. Approximately 2,600 multi-family and townhomes are currently under construction or approved throughout the City.

The “top off” and ribbon-cutting ceremonies will take place in early and late summer 2019, respectively.

 

CBRE Arranges Sale Of Delray Park Of Commerce

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CBRE arranged the sale of Delray Park of Commerce, a 19,478-square-foot boutique office building located at 800 NW 17th Avenue in Delray Beach.

Brain Matters Properties, LLC acquired the single-story building from HHCS Real Estate, LLC for $3.4 million.

CBRE represented the seller.

“Delray Park of Commerce offers a combination of flexible office space, great amenities and convenient access to major transportation arteries,” said CBRE’s Owen Sagar.

Built in 1999 and located in a highly desirable area near upscale neighborhoods, the property is well-situated on 4.39 acres on the northeast corner of Congress Avenue and Lake Ida Road. Delray Park of Commerce offers ample parking in a corporate, park-like setting with quaint water views and easy access to I-95 and Atlantic Avenue, “The Ave.,” in downtown Delray Beach.

CBRE’s sales team included Dominic Montazemi, Scott O’Donnell, Miguel Alcivar, Jason Hochman and Owen Sagar. Garrett Vonk represented the buyer.

Fink, Sagar & Wilson Tapped To Lease North Lauderdale Office Campus

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CBRE has been selected by property owner NTS Realty Holdings as the exclusive leasing agent for Lakeshore Business Center, a four-building, 239,540-square-foot Class B office/flex campus located within the Fort Lauderdale Commerce Center in Fort Lauderdale.

The property is currently 73% occupied. Tenants include ECI Telecommunications, Embry Riddle Aeronautical University, Evolis, Inc., John Kirlin, Inc., and Reynolds, Smith & Hills.

According to CBRE Research, modest leasing momentum continues to push the office market in Broward County toward recovery mode; demand for office space has been consistently positive for multiple consecutive quarters.

“Lakeshore Business Center is well positioned to capitalize on the increased leasing activity we are seeing in Broward County,” said CBRE Vice President Deborah Fink. “In addition to being conveniently located on Commercial Boulevard, interior site renovations are completed and the property is primed to attract more image-conscious tenants.”

The buildings are located at 3201 & 3125 W. Commercial Boulevard and 5100 & 5200 N.W. 33rd Ave.

CBRE Vice President Owen Sagar, Vice President Deborah Fink and Senior Vice President Michael Wilson are the leasing agents.

 

 

CBRE’s Owen Sager Tapped To Lease Deerfield Beach Portfolio

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CBRE has been awarded the exclusive leasing assignment of Financial Centre and Pine Tree Plaza, 5 office buildings totaling 166,968 square feet in Deerfield Beach. CBRE will work with the owner, Scott Properties, to market 45,000 square feet of availability in the buildings. The owner previously provided their own leasing services.

“I am very excited about the opportunity to help reposition and increase occupancy for these assets,” said Owen Sagar, CBRE Vice President. “Financial Centre and Pine Tree Plaza offer a great opportunity for businesses looking for convenient I-95 access with local amenities, and strong ownership behind their building. We look forward to representing Scott Properties and these assets.”

Built from 1986 through 1998, the buildings are located on the north-east corner of Hillsboro Boulevard and Military Trail. The buildings are situated within a vibrant business district that provides tenants with excellent access to multiple modes of transportation, as well as proximity to hotels, dining, shopping and entertainment options.  Major tenants include Bank of America, SunTrust and Harte-Hanks.

The properties include three office buildings consisting of 110,000 square feet, and two flex space buildings totaling 56,968 square feet.  Properties in the portfolio contain:

  • Financial Centre East: one four-story office building totaling 40,000 square feet at 1701 W Hillsboro Blvd.
  • Financial Centre West: one four-story office building totaling 40,000 square feet at 1761 W Hillsboro Blvd.
  • Financial Centre North: one three-story office building totaling 30,000 square feet at 300 Lock Road.
  • Pine Tree Plaza: two single-story office/flex buildings totaling 56,968 square feet located at 1525 & 1531 NW 3rd Street.

The portfolio offers a variety of office and flex space availabilities ranging from several hundred square feet to a large block of more than 25,000 square feet.

CBRE’s Vice President Owen Sagar will serve as the leasing broker for the portfolio.

More Brokers Opt For Greener Pastures

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Seems to be the season for the changing of the guards.

Last week, we reported that Owen Sagar and Michael Wilson both set up shop with CBRE.

Since then, we learned that Maggie Kurtz and Diana Parker have also abandoned their ship at Cushman & Wakefield to set sail with CBRE.

Maggie and Diana each have over 20 years experience in South Florida. They have gained notoriety for their extensive experience in marketing Class A office developments as well as providing tenant representation to many Fortune 500 companies. Both Kurtz and Parker join CBRE as Senior Vice Presidents.

Their extensive experience is underscored by their alignment with the development and leasing of high caliber office parks. Clients have included Equitable Life Insurance Company, Tishman Speyer Properties, ING Clarion, USAA Realty, Deka Immobilien GmbH, The Graham Companies and Testa Inmuebles to name a few.

A sampling of the team’s tenant representation clients includes Elizabeth Arden (corporate headquarters relocation), Starbucks Corporation, Cordis Corporation, Hewlett-Packard Company, Johnson & Johnson (Latin America headquarters) and General Electric.

We also discovered that Richard Schuchts and Jones Lang LaSalle parted ways in December and Richard has set up his own shop, SQFT Capital Advisors, where he will continue to service both owners and tenants.

Joe Byrnes rounds out our musical chairs report.  Joe recently joined the ranks at Berger Commercial.  Joe has 25 years of experience in many facets of the commercial real estate business, spending the last 13+ years with ComReal Ft. Lauderdale.

Sagar And Wilson Find New Home

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Owen Sagar and Michael Wilson have both parted ways with Grubb & Ellis, and have set up shop with CBRE, effective this past Monday, January 23rd.

Owen, held the position of Senior Vice President with Grubb & Ellis Company since 2004. Mike also was a Senior Vice President, based in the Boca Raton office.

Both Owen and Mike will work together as a team in their new roles and have, reportedly, taken their listings with them.