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Crocker Partners Names Managing Partner

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Crocker Partners LLC announced that Angelo Bianco has assumed the role of Managing Partner for the real estate investment and development firm. Bianco, a partner and senior executive with Crocker organizations since 2001, takes the helm of a company with a $2 billion portfolio of 8.6 million sq. ft. of Class A office and mixed-use properties in the southeast U.S.

Founding Partner Tom Crocker said, “Angelo has played a lead role in Crocker Partners’ growth and success, building a solid foundation for the future. Along with real estate expertise, he brings the vision and creativity to make the most of our opportunities.”

He noted that in addition to being a significant office landlord in markets including Miami,Ft. Lauderdale, Boca Raton, Orlando, and Jacksonville, FL, and Atlanta, the company has several active development projects. While Bianco guides day-to- day operations, Crocker will continue to be active in the company’s strategic direction and investment decisions.

“Over the past 30 years, Tom created one of the foremost commercial real estate companies in the southeastern U.S.,” said Bianco. “I’ll be building on that legacy, and am thankful Tom will continue in his strategic planning and advisory roles, which have been critical to our success.”

Most recently, Bianco managed Crocker Partners’ capital markets activities and investor relations, and directed operations in Florida and Texas, including acquisition and development opportunities, asset management, property management and leasing functions. He joined the Crocker organization in 2001 as Senior Vice President at CRT Properties, Inc., responsible for acquisition of properties totaling 2.1 million sq. ft. and for managing the company’s Florida assets, comprised of ten office centers with 77 buildings.

Previously, Bianco was counsel for Tishman Speyer Properties concentrating on the redevelopment of Rockefeller Center in New York City. He began his career as a real estate attorney with Bachner, Tally, Polevoy & Mishner and subsequently became a partner at Anderson Kill & Olick, P.C., a New York-based law firm where he specialized in real estate. Bianco was admitted to the State Bar of New York in 1994.

He holds a Juris Doctor from the University of Virginia School of Law and a Bachelor of Business Administration from the George Washington University.

Touchstone Webb’s Laureen Hunter Negotiates Sale Of Girl Scout’s Office Building

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Laureen Hunter of Touchstone Webb Realty Company represented the seller, Girl Scouts of Southeast Florida, Inc., in the sale of 4701 NW 33rd Avenue in Oakland Park.

Jeff Holding and A.J. Belt of Cushman & Wakefield of Florida, Inc., represented the buyer, CB & TL, LLC, in the purchase of the 20,594-square-foot, two-story office building for $3,440,000.

The deal closed December 9.

Touchstone Webb was also tapped in August to secure a new 15,000 to 20,000-square-foot combined office, to be located in southern Palm Beach County, and to locate two new Girl Scout retail stores to serve the organization’s members in the Oakland Park and Jupiter markets.

 

Rents For Office Space In Florida Up Almost 10 Percent

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Rents for Class A office space in Florida are up almost 10 percent over last year.

Cushman & Wakefield said in a report released last week that the average square foot of office space statewide was renting for $32.26. That’s a 9.5 percent increase over last year.

Not surprisingly, South Florida had some of the priciest commercial rental rates in the state. A square foot of office space rented for $42.71 in Miami-Dade County. It was $38.38 in Palm Beach County and $33.90 in Broward County.

The Interstate 4 corridor was a bit less. A square foot of office space rented for $26.16 in Tampa and $23.70 in Orlando.

A square foot of office space rented for $21.31 in Jacksonville.

 

Source:  Miami Herald

CBRE’s Larry Genet Tapped To Lead Leasing Efforts For New-To-Market Fort Lauderdale Office Campus

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CBRE Vice President Larry Genet has been exclusively engaged to market the Spectrum Technology Campus, located at 2050 Spectrum Boulevard in Fort Lauderdale.

Located within the Commercial Boulevard corridor at the corner of NW 44th Street and NW 21st Avenue, the ±128,830-square-foot, four-story, new-to-market Class “A” campus represents an exceptional opportunity for Corporate Headquarters users to occupy one of the most unique and dependable technologically-advanced campus in South Florida, with ±7:1000 RSF parking ratio. The property is expandable to ±188,830 SF with a ±60,000 RSF build-to-suit expansion.

Spectrum-Technology-Campus-Buildings

Spectrum Technology Campus offers the ability to maintain continuous operations, 24/7/365 through utilization of the campus data bunker, generator, 10,000-gallon fuel tanks and 100% battery back-up/UPS system. The campus offers immediately available robust facilities with redundant power systems capable of providing sufficient power to maintain continuing campus operations without FP&L service, along with communication and operational support systems that are required to limit the operational risks associated with contingent and uncontrollable weather events.

A marSpectrum Technology Campusketing flyer recently distributed indicated that “ownership is extremely progressive and deeply believes in creating a custom experience for its tenants while building long-term relationships” and “management is focused on providing enhanced Associate experiences, while also creating operational synergies and efficiencies for its tenants.”

The unique property is conveniently located close to I-95 on Commercial Blvd. and offers an on-site restaurant, work out center with locker rooms, 4 elevators, high-end upgrades, plug and play availability, incredible amounts of natural light, with multiple footprint options and expansion capabilities. With bus service at Spectrum Technology Campus and Tri-Rail within walking distance, Operational Team members and resources have transportation options from various locations within Miami-Dade, Broward and Palm Beach counties.

 

Xceligent Launches Its CRE Platform In South Florida

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Xceligent has launched its full suite of building data and market analytics products into the South Florida market.

The company’s flagship research product provides access to building data and market analytics for a total of more than 1.9 billion square feet of commercial space in Miami-Dade, Palm Beach, and Broward Counties, according to a release.

The expansion into South Florida is the most recent of several market launches for Xceligent, including Tampa-Sarasota, Orlando, and Charlotte, as it continues an aggressive national expansion. The company is currently building the research necessary to launch the New York Tri-State region and Houston.  Xceligent’s primary platform, supported by a team of proactive researchers, enables industry professionals to optimize their business operations by tapping into a trusted collection of listing intelligence, marketing tools, sales and lease comps, market trends, verified tenants and more.

“We are in the process of expanding our presence nationwide through an aggressive rollout of our full product suite in the largest markets,” Xceligent CEO Doug Curry said. “South Florida is one of the three largest CRE markets in the state – along with some of the nation’s most influential and innovative CRE professionals – and we believe that Xceligent will be instrumental in the market’s continued evolution.”

According to Curry, Xceligent is primed to fulfill a need in the South Florida marketplace, which desires a technological partner capable and willing to adapt its products to the evolving demands of commercial real estate professionals. For example, Xceligent is the first technology provider in the commercial real estate space to license its researched information to fellow technology companies and real estate organizations through an open-API platform.  Among the early subscribers to the South Florida database are a number of highly respected firms, including CBRE, Colliers International, JLL, Newmark Grubb Knight Frank, Berger Commercial Realty, EWM Realty International – Alhambra, Fairchild Partners, Illustrated Properties, Infinity Commercial Real Estate, Michael Falk and Company, and more.

“For too long the industry has been dependent on a closed architecture, which means that users are limited in terms of accessing the latest innovations,” Curry said. “We’re looking to change that paradigm by introducing a next-generation platform that’s designed with an open architecture, enabling both users and organizations to seamlessly integrate Xceligent data with their own workflow tools.”

In order to ensure that its market information is meeting the varied needs of its users and is certified for accuracy, Xceligent has built a peer-nominated Advisory Board comprised of various key influencers throughout the South Florida commercial real estate industry.

“Xceligent has long been dedicated to serving as a partner not only to its users, but also to the broader CRE industry at-large, and South Florida is a market unlike any other,” said Danny Rice, Xceligent’s regional vice president of sales for Florida.  “We have been working closely with the Advisory Board to verify that Xceligent addresses the unique needs of the industry professionals who are based or invest here.”

In addition to Xceligent CDX, Xceligent offers a number of other products, including Xceligent Spaceful, a digital tour-book experience that combines modern, fast and intuitive interfaces with researched property and listing information; CommercialSearch, a free property-listing marketplace that enables investors, tenants and brokers to find and market commercial properties; Xceligent Direct, a tool that automates, updates and improves the search and marketing functions of corporate websites; and Xceligent Market Direct, a service that provides verified sale and lease listings for local community organizations to share on their websites.

 

 

Berger Commercial Negotiates More Than 20,500 SF In Lease Transactions

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Berger Commercial Realty recently secured 20,580 square-feet in lease transactions on behalf of landlords in Broward and Palm Beach counties.

 

Harbor Walk

Senior Vice President Steve Hyatt represented Intervest Harbor Walk, LLC in leasing 4,360 square-feet of office space to AJT Media, Inc. at Harbor Walk, located at 1650 S.E. 17th Street in Fort Lauderdale.

Harbor Walk is a 60,360-square-foot, four-story office building featuring renovated and updated common areas, building signage opportunities, an onsite restaurant and a structured parking garage. The building is located along the 17th Street Causeway, a major corridor that runs from east to west and connects Fort Lauderdale International Airport, downtown Fort Lauderdale, Port Everglades, Fort Lauderdale Beach and more.

Merrill Industrial Center

Senior Vice President Judy Dolan represented Merrill Industrial Center, Inc. in leasing 4,071 square-feet of industrial space to Cleaner Equipment, Corp. at Merrill Industrial Center, located at 3400 S.W. 26th Street.

Situated on a 2.42-acre lot, the 134,132-square-foot warehouse park consists of three buildings and offers convenient access to I-95, I-595, Florida’s Turnpike, Fort Lauderdale International Airport and Port Everglades. Merrill Industrial Center features 20-foot clear height ceilings, dock and grade-level loading, ample parking, and close proximity to the Fort Lauderdale-Hollywood International Airport.

Sample Executive Center

Senior Vice President Keith Graves and Senior Sales Associate Jonathan Thiel represented Sample Executive Center, LLC in leasing 3,368 square-feet of office space to International Preparatory School, Inc. at Sample Executive Center.

Located at 2001 W. Sample Road in Fort Lauderdale, Sample Executive Center is a 61,036-square-foot office building featuring ample parking, a glass front façade, lush landscaping and convenient access to Florida’s Turnpike and I-95.

Prospect Park II

Along with Graves and Thiel, Senior Vice President Joseph Byrnes represented AKF3 SF Light Industrial, LLC in leasing 3,186 square-feet of flex space to RCS Aviation, LLC at 3611 to 3375 N.W. 55th Street and 856 square-feet of flex space to Houston Gun Holsters, LLC at 3411 N.W. 55th Street in Prospect Park II.

Located between I-95 and Florida’s Turnpike at Commercial Boulevard, Prospect Park II is an 81,925-square-foot master-planned business park featuring ample parking, round-the-clock access and flexible floor plans for move-in ready office suites and flex bays with grade-level overhead doors. Renovated over the past two years, Prospect Park II consists of eight buildings with units ranging in size from 902 square-feet to 5,589 square-feet.

Executive Airport Business Center

Dolan and Thiel represented TCPH Broward, LLC in leasing 1,629 square-feet of office space to Smartwater CSI, LLC at Executive Airport Business Center, located at 5101 N.W. 21st Ave.

Executive Airport Business Center is a 73,130-square-foot, single-story office park featuring a diverse tenant mix of retail, business, medical, telecommunications and professional service industries. Situated on a six-acre lot just northeast of the Commercial Boulevard and Prospect Road intersection, Executive Airport Business Center offers close proximity to Fort Lauderdale Executive Airport, I-95 and Florida’s Turnpike.

Woolbright Professional Building

Sales Associate Robert Dabrowski represented Woolbright Properties & Investments, LLC in leasing 1,285 square-feet of office space to ODC Construction, LLC at the Woolbright Professional Building, located at 2240 W. Woolbright Road in Boynton Beach.

The 79,204-square-foot, class-A, four-story office building is within minutes of I-95 on the south side of W. Woolbright Road just east of Congress Avenue. The building offers abundant parking, round-the-clock access, onsite management and signage opportunities.

Cypress Creek Executive Court

Thiel also represented Rising Tide Development, LLC in leasing 969 square-feet of office space to Blue Ocean Advisory Partners, LLC at Cypress Creek Executive Court, located at 2700 W. Cypress Creek Road in Fort Lauderdale.

Cypress Creek Executive Court is a 70,287-square-foot office building offering frontage on Cypress Creek Road, round-the-clock access, plentiful parking and close proximity to I-95 and Florida’s Turnpike.

Delray Office Plaza

Dabrowski also represented Atlantic Avenue Properties & Investments, LLC in leasing 856 square-feet of office space to Horace Mann at the Delray Office Plaza in Delray Beach.

Located at 4731 W. Atlantic Ave., Delray Office Plaza is part of a three-building business park featuring lush courtyards, round-the-clock access, floor-to-ceiling glass and private entrances and bathrooms in each suite. The park is within minutes of downtown Delray Beach and offers convenient access to Florida’s Turnpike and I-95.