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Century Cruise Line Inks 7,000-SF Lease In Sunrise

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Lake Shore Plaza II, a premier Class A office building located at 1300 Concord Terrace in Sunrise, has welcomed its newest tenant, Century Cruise Line, which has signed a lease for 7,197 square feet of office space.

The transaction was facilitated by Chris Gallagher of Blanca Commercial Real Estate, who represented the landlord in the deal. Marshall Chandler and Gus Martinez of CMV Commercial / The Martinez Team represented Century Cruise Line in securing their new South Florida office.

Strategically positioned in the thriving Sawgrass Corporate Park, Lake Shore Plaza II offers modern amenities, ample parking, and convenient access to I-75, I-595, and the Sawgrass Expressway, making it an ideal location for corporate tenants seeking Class A office space in Broward County.

“Century Cruise Line was looking for a location that aligned with their growth and brand identity, and Lake Shore Plaza II checked all the boxes,” said Chandler. “The building offers both visibility and functionality, which made it a natural fit for their operational expansion.”

The property continues to attract high-profile tenants with its combination of location, quality, and on-site amenities.

 

Chicago Firm Picks Up West Palm Office Building

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Chicago-based Bradford Allen Investment Advisors has made its second splash in the South Florida office market with its purchase of One Clearlake Centre office tower from Rockpoint Group for $45 million, according to property records provided by Vizzda.

The company intends to invest an additional $10 million into refurbishing the property, which currently has a 62% occupancy rate, as part of a value-add strategy.

The 221,000-square-foot building was purchased in 2021 for $60.7 million by Rockpoint Group in partnership with Tricera Capital, NDT Development, and New England Development. Despite efforts, occupancy has remained stagnant, resulting in a nearly 26% loss on the recent sale.

Built in 1986 and located at 250 South Australian Avenue in downtown West Palm Beach, the building will receive a new roof, updated elevators, a renovated fitness and conference center, a tenant lounge, and food service upgrades. Bradford Allen also plans to introduce four move-in-ready spec suites in 2025.

Current tenants include Truist Bank, Ideal Nutrition, and Robert Half.

The leasing for the building will be managed by Tower Commercial Real Estate, led by Jon Blunk and Laurel Oswald.

While One Clearlake has struggled, newer properties like One Flagler — opened in February and 95% leased — reflect strong demand for modern office space. According to CBRE, Class A office buildings in the West Palm Beach central business district have a low direct vacancy rate of 2.8%.

“There is significant potential in repositioning One Clearlake,” said Blunk. “Like other urban cores, downtown West Palm Beach is seeing strong demand for premium office space as top-tier companies move in.”

Earlier this year, Bradford Allen made its entry into South Florida with a $208 million purchase of Las Olas Centre I and II in Fort Lauderdale, the city’s largest office sale in nearly ten years. That building was 69% occupied, and the firm plans a $25 million renovation.

CBRE’s Sean Kelly, Amy Julian, Andrew Chilgren, Tom Rappa, and Mathew Lee represented the seller in the transaction.

 

Source:  Bisnow

Meridian Center Of Boca Raton Achieves 95% Occupancy Milestone With The Farmer’s Dog’s Full Floor Lease

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Meridian Center of Boca Raton, a premier two-building, 52,000-square-foot office campus located at 6501 and 6531 Park of Commerce Blvd. within the prestigious Park at Broken Sound Business Park, has reached 95% occupancy, according to Reese Stigliano, President of Stigliano Commercial Real Estate.

In the latest lease transaction, The Farmer’s Dog, a fast-growing U.S. pet food company known for delivering human-grade meals tailored to each dog’s needs, signed a lease for the entire ground floor of the 6501 building, totaling 19,450 square feet. Stigliano represented the landlord in this transaction.

Earlier this year, Regus, a global provider of modern co-working and flexible office space, opened a 13,000-square-foot facility on the second floor of the same building. The space features over 58 private and shared workspaces and reached 100% occupancy within the first 60 days of operation. Stigliano also served as project coordinator on behalf of the building’s owner, Castle Boca, LLC.

reese stigliano“The strong leasing activity at Meridian Center is a testament to the quality of ownership, professional property management, and the site’s exceptional accessibility,” said Stigliano. “Tenants benefit from unmatched connectivity to I-95, Tri-Rail, Brightline, Boca Raton Executive Airport, Palm Beach International Airport, and Fort Lauderdale-Hollywood International Airport.”

 

JLL Arranges Five Office Leases Totaling 34,000 SF At Presidential Circle In Hollywood

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JLL announced the completion of several new leases, including relocations, extensions, expansions and renewals at Presidential Circle in Hollywood that drive total occupancy at the two-tower, Class A office complex to 88 percent.

Situated at 4000 Hollywood Blvd., the 281,625-square-foot office building has executed leases with new and existing tenants from financial services firms to medical office users ranging in size from approximately 2,963 to over 16,000 square feet.

JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.

“As top-tier office space in markets like Miami and West Palm Beach become scarce and more expensive, Hollywood is increasingly becoming the location of choice for companies looking for quality office space at a much more competitive price in South Florida,” said Titcomb. “An iconic property like Presidential Circle is perfectly situated for businesses across all industries looking to take advantage of its strategic location between both major interstates and within close proximity to Fort Lauderdale-Hollywood International Airport (FLL), the world’s second busiest cruise port and the nation’s fifth largest healthcare system.”

Among the new additions to Presidential Cricle’s distinguished roster of office tenants are:

  • Relocating from Downtown Miami, Air Charter Service, the world’s largest aviation brokerage, offering helicopters, private jets and executive airliner charters, as well as a huge range of small specialist aircraft for all business needs, signed a new lease for 5,425 square feet of space in the North Tower. Air Charter Service was represented by Tyler de la Peña of Colliers. (Tyler has recently joined JLL as Senior Vice President.)
  • AR Capital Group, a financial services company founded in 2014 with a mission to provide innovative solutions to clients’ commercial finance needs, will be relocating from another location in Hollywood and occupy 4,929 square feet in the North Tower.
  • Starlims, which delivers globally recognized laboratory information management systems and informatics solutions for cutting-edge labs, has renewed its lease and taken 10,385 square feet of space in the South Tower. Starlims was represented by CBRE’s Keith Edelman and Scott Goldstein.
  • Hazen and Sawyer, a firm that provides environmental engineering services to clients in the areas of water quality and supply, completed a 16,312-square-foot office lease renewal. The tenant was represented by Curtis Dean of CD Commercial Real Estate Services.
  • DermCare, a specialized practice management company designed for and by seasoned dermatology professionals, has renewed its 9,937-square-foot lease early for its corporate headquarters location. The full-service practice management company was represented by Tony Jones with Cushman & Wakefield.
  • For more than 70 years, NPC Financial has been helping individuals, families, and businesses make well informed decisions regarding their finances. The South Florida-based financial planner, represented by JLL Executive Managing Director Steven Hurwitz, extended its lease for 2,963 square feet of space in the North Tower.

“As the property’s ownership, we remain committed to continuing to reinvest in enhancing the office building to provide a best-in-class experience on a consistent basis for all of the esteemed companies that are tenants in our property,” added Eric Levy, Vice President of CDS Realty Investments, LLC. “The recent leasing success and number of renewals executed by the JLL team underscore tenants’ commitment to having their business address at Presidential Circle.”

Centrally located directly on one of Hollywood’s most traveled boulevards, Presidential Circle offers convenient access to Interstate 95 and Florida’s Turnpike. While the seven-story property features many on-site amenities including a café and banking center, additional restaurants and banking options are within walking distance including Jimmy Johns, Picadilly, Sub City, Wendy’s, Capones Italian, Il Posto, Sebastianos, and many more. ​Additional nearby retail options including shipping and office service stores include Target, CVS, Publix, Walmart, FedEx Office and UPS Store. Presidential Circle features a 24/7 lobby attendant and security, on-site property management and spacious conference facilities, in addition to a 4 to 1,000-square-foot parking ratio with covered options. Tenant-ready suites are also available for lease.

According to JLL’s latest office insight report for Broward County, development remains limited in Fort Lauderdale, with only T3 FAT Village East and West under construction. The office market exhibited a somewhat sluggish start to the year, however, rents continued their upward trajectory settling at $46.88 per square foot full service, marking an impressive 17.3% increase year-over-year.

 

JLL Bolsters South Florida Presence With Key Brokerage Hires

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JLL announced the addition of two key broker hires, Sean Black as Senior Managing Director and Tyler de la Peña as Senior Vice President, further bolstering its office tenant representation team in South Florida.

The two experienced real estate professionals will join JLL’s leading tenant representation services team serving clients across the South Florida region.

“We are thrilled to welcome Sean and Tyler to our South Florida brokerage team. Sean’s leadership and extensive track record in tenant representation, combined with Tyler’s deep understanding of the South Florida market, will further enhance our tenant representation expertise and service offerings,” said Dan McGowan, JLL Executive Managing Director and Broker Lead for South Florida. “Their institutional knowledge, established networks and extensive experience will help us accelerate our growth, while supporting our dynamic client roster as the South Florida market continues to experience robust business growth.”

In this new role, Black will focus on office tenant representation and portfolio client work. He is a seasoned industry leader who most recently served as Co-Founder and CEO of BLACKre. Prior to that, he was a part of JLL’s New York team for six years from 2009 to 2015. He also previously held senior positions at WeWork and Cushman & Wakefield, advising numerous portfolio clients. With a unique background as a former Olympic boxer, Black brings an unmatched level of determination and strength to his work advocating for clients. Relocating to Miami from New York City, his wealth of experience will be a key asset as JLL continues to grow its South Florida presence and expand its Integrated Portfolio Services (IPS) business.

As a South Florida native, de la Peña possesses an in-depth understanding of the region’s dynamic office market and a successful track record representing the needs of local, regional and national office tenants across South Florida. De la Peña’s previous roles include nearly six years working at Colliers International focusing on office occupier advisory services and three years as an office occupier advisor at CBRE. His client relationship skills and market knowledge make him an ideal fit for JLL, and his addition further strengthens the firm’s ability to serve its diverse portfolio of clients across the tri-county region.

Previously, JLL announced the addition of Ryan Levy as Executive Vice President with the company’s tenant representation team in South Florida. Levy is focused on servicing local, regional and national office users across various industries. Just two months later, JLL now welcomes the addition of Black and de la Peña, further strengthening the firm’s presence in South Florida. Their diverse backgrounds, market expertise, and proven track records serving clients will allow JLL to continue meeting the growing demand for tenant representation services in the region. The addition of these three experienced brokers so far this year, further solidifies JLL’s commitment to delivering exceptional client service and innovative real estate solutions.

Black is a graduate of the University of Western Ontario in Canada. De la Peña earned his bachelor’s degree from Florida State University in Tallahassee.

 

MOB Trades For $577 PSF In Delray Beach

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Colliers announced the sale of a fully leased medical office building for $9.67 million.

The state-of-the-art surgery center is located at 6646 W Atlantic Avenue in Delray Beach.

Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction. The buyer, Alliance Consolidated Group of Companies, LLC., was self-represented in the deal.

“With strong demand in the medical office market throughout Palm Beach County, this deal presented a compelling opportunity, supported by strong long-term tenancy in a vibrant market,” said Rubin.

The ±16,761-square-foot medical office building underwent a comprehensive renovation in 2020, transforming it into a modern healthcare facility. As part of this upgrade, a top-tier multi-specialty surgery center was added, featuring two fully equipped operating rooms and three treatment rooms. Additional capital improvements included a new HVAC system and a complete renovation of the common areas, enhancing operational efficiency and patient comfort. The building is fully occupied, with a reputable multi-specialty physician group anchoring the first floor, while the second and third floors are leased to a premier ambulatory healthcare provider.

“Ownership executed an exceptional renovation, successfully repositioning the property as a high-quality medical asset in the market,” said Schauer. “Its modern features, combined with a prime location near Delray Medical Center, offer direct access to top-tier healthcare services in a market defined by limited supply and growing demand.”

The surgery center is ideally situated in one of South Florida’s most desired and rapidly growing healthcare markets. It boasts direct frontage along Atlantic Avenue, a central east-west corridor with visibility to 41,500 vehicles per day. The property offers seamless access to Florida’s Turnpike and Interstate 95, facilitating connectivity to key healthcare hubs. Additionally, it’s well positioned for accessibility, with Palm Beach International Airport only 25 minutes away and the Fort Lauderdale Central Business District within a 35-minute drive, making it a convenient destination for patients and providers alike.

Palm Beach County’s medical office market remains a prime choice for investors, driven by strong fundamentals, high occupancy, and rising rents. Medical office properties continue outperforming other asset classes, with a 94% occupancy rate and rents surging 23.5% over the past five years. The sector has remained resilient amid economic shifts, supported by steady in-migration and increasing demand for healthcare services. This was reflected in the sale of this premier medical office surgery center at a record-breaking $577 per square foot, far exceeding the county’s 2024 average of $279 per square foot.