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Lee & Associates South Florida Brokers Off-Market Office Building Sale In West Palm Beach

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Lee & Associates South Florida Principal C. Todd Everett, SIOR, successfully closed the $6.5 million off-market sale of a West Palm Beach office building.

EE Properties WPB LLC acquired Palm Beach Business Center, located at 801 Northpoint Pkwy. property from FLF 801 Northpoint LLC. Everett arranged the sale on behalf of both the buyer and seller, leveraging existing relationships with both sides to make the transaction possible, with the help of Lee & Associates South Florida’s Noah Flornes.

The sale closed on June 10.

Palm Beach Business Center is a 21,150-square-foot office building specializing in executive suites and virtual offices. It is located immediately adjacent to I-95.

“In a challenging broader market, relationships are absolutely vital to get transactions like this across the finish line,” Everett said. “We can leverage such relationships to identify and execute on off-market commercial real estate investment sales opportunities throughout South Florida. We’re fortunate to be in a region with continued strong demand for well-located office buildings like Palm Beach Business Center.”

Based in the firm’s Deerfield Beach office, Everett focuses on office and industrial investment sales and leasing. With nearly three decades of industry experience, Everett brings a breadth of knowledge and a wealth of expertise and dealmaking acumen to Lee & Associates South Florida.

“C. Todd Everett did an exceptional job creating this off-market opportunity for both parties in the transaction,” Lee & Associates South Florida President Matthew Rotolante said. “This deal demonstrates what can be accomplished when combining a dedicated broker’s experience, relationships and market knowledge with the resources and support our firm provides.”

 

Berger Commercial Realty’s Keith Graves, Lawrence Oxenberg Negotiate 10,500 SF Office Lease Deal

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Berger Commercial Realty/Corfac International Senior Vice President Keith R. Graves, CCIM, SIOR and Vice President Lawrence Oxenberg negotiated a 10,488-square-foot office lease on behalf of the landlord, 900 SE 3rd Ave., L.P.

Bowman Consulting Group, Ltd., an engineering services company, will occupy the space at 900 SE 3rd Ave in Fort Lauderdale, relocating from its offices at 910 SE 17th St. in Fort Lauderdale. Brady Titcomb with JLL represented Bowman Consulting in the lease negotiation.

The 2000-built, 3-story boutique/professional office building, which totals 46,816 square feet, is located immediately next door to the new U.S. Federal Courthouse currently under development and within immediate proximity to the Broward County Courthouse, offering great access to SR 84/I-595, U.S. 1 and other governmental offices. The building is undergoing extensive renovation.

 

Seasoned CRE Vet Joins Colliers As Executive Vice President

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Colliers announced that Scott Brenner has joined the firm as Executive Vice President based in South Florida.

In his new role, Scott will focus on providing quality advisory and transaction services based out of the Boca Raton office.

“At Colliers, we take pride in attracting exceptional talent throughout the region. We are delighted to add Scott’s diverse expertise to the firm,” said Julie Northcutt-Dunn, Executive Managing Director and Market Leader for Colliers South Florida. 

With over 35 years of experience, Scott has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.

Before joining CBRE as Executive Vice President, he was the President/CEO of Brenner Real Estate Group, a full-service commercial real estate firm that sold to CBRE in 2017. With unparalleled knowledge and skills, Scott propelled Brenner Real Estate Group to over a billion dollars in transactions over thirty years. In addition to being an industry leader, Scott is a licensed attorney, and his professional credentials include JD, CCIM, and SIOR.

Scott is an active member of various industry organizations, including The Realtor’s Association, NAIOP, BOMA, ULI, ICSC, and many more. Scott is a member and trustee of the Greater Boca Raton Chamber of Commerce and has served on many non-profit boards, including Habitat for Humanity, 211 Broward, Jewish Federation, ADL, Jewish National Fund, and Hillel.

 

Law Firm Inks 11-Year Lease Deal In Downtown Fort Lauderdale

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NAI/Merin Hunter Codman, Inc. announced that Chairman Neil E. Merin, SIOR, CCIM and Managing Director Adam Starr have finalized an 11-year, 9,285-square-foot lease transaction with Stok Kon + Braverman at 1 East Broward on behalf of the landlord, 1 East Broward Owner, LLC. Stok Kon + Braverman is a full-service law firm with offices in Fort Lauderdale and Boynton Beach.

“We are excited to welcome Stok Kon + Braverman to 1 East Broward. Stok who explored many of downtown’s most exclusive office properties, ultimately chose 1 East Broward due to the landlord’s continuing commitment to an extensive property improvement program as well as the suite’s existing high-end features and efficiency. Creating a welcoming, safe, and convenient office space experience for their employees was of utmost importance, as most of the firm’s employees returned to in-person work post initial lockdowns,” stated Starr.

1 East Broward is a 19-story, 350,000-square-foot, Class-A, office building located at the northeast corner of Broward Boulevard and Andrews Avenue in downtown Fort Lauderdale.

1 East Broward Owner, LLC, who purchased the property in 2018, immediately implemented a multi-million-dollar property improvement program which has included lobby, common area, lighting, and bathroom upgrades. A new security access card and visitor management system as well as a complete state-of-the-art elevator modernization have recently been completed. The property is known for its grand lobby, impressive views, state-of-the-art fitness center including Peloton bikes, manned 24/7 security, and a variety of on-site dining and concierge services. Tenants also enjoy plentiful parking in the garage, connected by an air-conditioned skywalk.

1 East Broward is downtown Fort Lauderdale’s closest office building to the Brightline, and the property offers superb walkability to dining and retail destinations including Flagler Village’s Arts and Technology Village (FATVillage), Music & Arts South of Sunrise District (MASS), the renowned Las Olas Boulevard and The Warf at Riverfront. 1 East Broward additionally offers fantastic access to I-95, I-595 and the Hollywood/Fort Lauderdale International Airport.

Robert A. Stok, Esquire Managing Principal of Stok Kon + Braverman stated, “We surveyed the entire Fort Lauderdale office market and determined that 1 East Broward Boulevard is the ideal office building to establish a permanent home for our for firm. It’s location, convenient to the federal and Broward courthouses in the heart of downtown Fort Lauderdale’s commercial center, with easy access to rail and highway transportation, high end hotels and restaurants, meshes perfectly with the firm’s suite of business services and is appealing to our clientele and employees.”

 

NAI/Merin Hunter Codman’s Chairman Neil Merin stated, “Stok Kon + Braverman has a long history as one of Broward County’s premier boutique law firms and we are proud that they have made a long-term commitment to make 1 East Broward their home. Ownership has recently invested significant capital upgrading and modernizing the building’s elevators, security systems, common areas and amenities, and are committed to continuing to improve the property to attract high quality tenants like Stok, Kon and Braverman.”