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Law Firm Doubles Palm Beach County Footprint, Leasing 12,138 Square Feet At Landmark Boca Raton Building

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The law firm of Weiss Serota Helfman Cole & Bierman is expanding in Boca Raton. The 30-year-old business and government law firm has signed a long-term lease for 12,138 square feet at One Boca Place, a 277,390-square-foot, Class A building on Glades Road near I-95.

The new lease will more than double the size of the firm’s Boca Raton office, setting the foundation for continued growth of staff, attorneys, and practice lines in Palm Beach County.

Butters Realty & Management office team of Caroline Fleischer, Darcie Lunsford and Sky Butters represented Weiss Serota in the lease transaction. Laurel Oswald of TCRE represented landlord, CP Group.

Butters Realty & Management-Caroline Fleischer, Darcie Lunsford and Sky Butters

“While many companies were shedding real estate and recalibrating staffing levels in the face of the pandemic, Weiss Serota seized the counter-cyclical opportunity to grow, turning uncertainty to its negotiating advantage,” said Butter’s Fleischer, who is executive vice president of occupier services. “One Boca Place, fresh off the heels of a multimillion renovation, offered the firm both the prestige and the physical infrastructure needed to meet its growth trajectory.”

Weiss Serota originally established a Boca Raton office in January 2017, with just five Palm Beach County-based attorneys there at the time. Since then, the firm has more than tripled the size of its team and anticipates having at least 17 attorneys working out of One Boca Place when it moves into the space in spring 2022. The new office gives the firm additional space to continue its expansion in Palm Beach County.

Notable recent additions to the firm’s Boca Raton office include The DuBosar Law Group, led by accomplished litigator Howard D. DuBosar, veteran construction attorney Ronald S. Nisonson and veteran municipal and real estate attorney David N. Tolces.

“Our Boca Raton office has proven to be a catalyst for growth for the entire firm, particularly with our private sector practice areas,” said Brett J. Schneider, Partner and Boca Raton Office Managing Director. “There is tremendous activity and expansion occurring throughout Palm Beach County. We believe our continued growth and new space will help us better serve this growing business community while also provided our employees with a vibrant and highly desirable place to work near where many of them live.”  

 

CBRE Brings On Industry Veterans In South Florida, Expands Office Practice

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CBRE announced that John Criddle and Joe Freitas have joined the company.

Criddle joins as an Executive Vice President and Freitas joins as a First Vice President specializing in the representation of office landlords.  Criddle and Freitas will focus on assignments in Palm Beach and Broward County, where they have established themselves as one of the most respected office leasing teams in the region. The team comes to CBRE from Cushman & Wakefield’s Boca Raton office.

“John and Joe have built a reputation as one of the go-to teams for both institutional and private equity investors looking to lease their buildings,” said David Bateman, Managing Director at CBRE. “Adding John and Joe to our team will make a big difference for CBRE as we continue to grow our market share across South Florida and deliver superior outcomes for our clients.” 

The team oversees an extensive portfolio across Palm Beach and Broward County, where they represent several owners including Clarion Partners, ICM Realty Group, Zell Holdings and IP Capital. The team will continue to focus on developing strategies to drive leasing activity, increase tenant retention, maximize rental rates and stabilize operating income for their clients.

 

Johnson & Johnson Company Inks 9,000 SF Office Lease In Palm Beach Gardens

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Alchemy-ABR Investment Partners, a fully integrated New York-based real estate investment firm- together with its joint venture partner, Breakers Capital Partners, a Miami based real estate investment firm-announced that DePuy Synthes Product, Inc., signed a 9,481-square-foot lease at 4400 Northcorp Parkway in Palm Beach Gardens.

DePuy Synthes Product, Inc., a Johnson & Johnson company, and a leading global provider of orthopedics products, is expanding its presence in South Florida and will occupy the build-to-suit space on the 2nd floor of the office building. DePuy Synthes Product, Inc. is slated to take occupancy in September 2021.

“4400 Northcorp Parkway is an ideal office setting for the most competitive industries and organizations and this lease is indicative of the strength of South Florida’s overall office leasing market,” said Brian Ray, Co-Founder and Managing Partner of Alchemy-ABR Investment Partners. “We’re committed to our tenants and are looking forward to welcoming DePuy Synthes Product, Inc. to 4400 Northcorp Parkway.”

4400 Northcorp Parkway is part of the larger office park, 4200-4400 Northcorp Parkway, that consists of two Class-A office buildings totaling 115,000 square feet. Completed in 1996, 4200-4400 Northcorp Parkway features extensive capital improvements including renovated, premium office fit-outs, contemporary base building lobby and common areas, as well as modern mechanical and roofing systems.

Alchemy-ABR Investment Partners and Breakers Capital purchased 4200-4400 Northcorp Parkway in 2016 and is currently renovating the lobby space of the 4200 Northcorp office building.

Alchemy-ABR Investment Partners was represented by Gavin Loughlin of Greenberg Traurig and Anthony Librizzi of Cushman & Wakefield in the transaction. DePuy Synthes Product, Inc. was represented by CBRE.

 

Marcus & Millichap Alums Join SVN Commercial Partners In Boca

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Two highly experienced commercial real estate advisors, Elon Gerberg and Adam Klein,  have joined Boca Raton-based SVN Commercial Partners (SVNCP).

Gerberg and Klein bring over $1 billion in career investment property sales to the growing SVNCP South Florida office  In the past twelve months, they have closed a number of record-setting transactions in each of their respective asset classes. Gerberg and Klein, formerly of Marcus and Millichap, have been chosen to lead the newly formed ‘ROI Partners’ (Retail, Office, and Industrial) at SVNCP.

“Due to their collaborative nature and track record, we are excited to welcome Elon and Adam into SVN,” said Managing Director Scott Maesel. “We fully expect these two, with the combination of their local knowledge and our national reach, to build dominant teams in the South Florida market.”

The pair will serve as Team Leaders for the ‘ROI Partners’ and will focus on growing their practice in the mid-market brokerage space.

Klein stated, “We look forward to providing a comprehensive suite of offerings and technology to our clients.”

The team’s growth will be led by established SVN managing directors Ashley Bloom and Scott Maesel, both with over a decade of proven track records at SVN in their existing offices in Sarasota, Fort Myers, Port Charlotte, Chicago, and Denver.

“We’re excited to be a part of the rapid growth of SVN Commercial Partner’s in the State of Florida led by two well-established SVN veterans,” Gerberg commented.

 

Berger Commercial Realty’s Joe Byrnes, Jonathan Thiel and John Forman Negotiate 13,000 SF Office Lease Deal With State Agency

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Berger Commercial Realty/Corfac International Senior Vice President Joseph P. Byrnes, along with Senior Sales Associates Jonathan Thiel and John Forman represented landlord Blackhawk Properties & Investments, LLC in a 12,651-square-foot lease deal with The Office of Criminal Conflict and Civic Regional Counsel, Fourth District at The 550 Building, a 92,919-square-foot, 7-story Class A office building located in Downtown Fort Lauderdale.

The state attorney’s office has signed on for a 10-year term.

Located at 550 South Andrews Avenue in Downtown Fort Lauderdale in the heart of the fast-emerging SOLO District, the office building is located adjacent to the new 700,000-square-foot Broward County Courthouse within the Central Business District location, yet away from congestion, providing ease of access to major transportation routes. The 2019-built facility features 12,000-square-foot floor plates; an on-site 634-car parking garage, representing the highest available parking ratio available in Downtown Fort Lauderdale; and a ground floor patio restaurant. Office suites range from 680-square-foot spec suites to full floors.

 

Avison Young Arranges For FAU Startup Incubator To Take Space At Boynton Beach City Hall

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Avison Young announced that, following a Boynton Beach City Commission 4-0 vote on July 20, FAU Tech Runway has been approved to lease the 1,850-square-foot, ground-floor innovation and collaborative office space at City Hall at Boynton Beach Town Square.

As part of the agreement, Boynton Beach’s Department of Economic Development and Strategy will provide a one-time $50,0000 grant for programming within the space.

“FAU Tech Runway is excited to open a satellite office in Boynton Beach and be part of the City’s effort to help entrepreneurs,” said Joshua D. Glanzer, Associate Vice President of Media Relations and Public Affairs at Florida Atlantic University. “We look forward to the next steps with the City and its partners while we finalize the necessary paperwork.”

Located at 100 E. Ocean Ave., Town Square represents a public-private partnership between the City of Boynton Beach, the Boynton Beach Community Redevelopment Agency, and E2L Real Estate Solutions, master developer of the 16.5-acre complex anchoring the heart of downtown Boynton Beach.

“Having first-hand experience with the Research Park at FAU in Boca Raton and the success of hosting Tech Runway graduates in the Park, it was clear that FAU would be the ideal growth accelerator and value creator for Town Square,” said Keith O’Donnell, Principal with Avison Young. “Together, the unique opportunity for FAU Tech Runway to expand its offerings and brand in Palm Beach County at Town Square, the County’s first City Hall public-private partnership.”

O’Donnell has worked alongside the public-private partnership and spearheaded the Boynton Beach Town Square assignment for the past five years. Additionally, he handled the relocation of the entire City Municipal Services off-site for two years while the project was developed.

“As the five-year master developer on the Town Square project, we’re looking to the future and believe welcoming FAU Tech Runway for the space to provide programming for new businesses and entrepreneurs marks an important milestone,” said Mark Hefferin, President of E2L Real Estate Solutions, LLC. “It has been wonderful to witness the City of Boynton Beach creating forward-thinking opportunities for its citizens, and we’re pleased that Avison Young brought FAU to the table to be a part of what the city is building.”

The Town Square project includes the $118 million renovation of the historic Boynton Beach High School into an Arts and Cultural Center, a Children’s Schoolhouse Museum, fire station, residential, retail and hospitality space, amphitheater, hotel, parking garages, library, a new City Hall and creates a positive community and economic impact.

“We are excited that FAU Tech Runway will operate the space at Town Square, which offers on-campus resources unavailable anywhere else in Palm Beach County,” said Lori LaVerriere, Boynton Beach City Manager. “Having a tech and business incubator at City Hall not only facilitates a pipeline of startups in the city, but it also plays a significant role in establishing the future of downtown.”

The City of Boynton Beach is undergoing a renaissance and regeneration. Current and future planned development underscore the City’s growth and investment opportunities. Planned projects such as 115 North Federal Hwy., the CRA’s East Boynton Beach Boulevard (BBB) Corridor project, and Riverwalk complement the redevelopment of Downtown Boynton Beach as a destination for residents, visitors, and businesses.