Investment Firm Signs 79,000 SF Corporate HQ In Pebb Capital’s Sundy Village

Written by on March 31, 2024 in Done Deals, News - No comments
sundy village rendering

Diversified real estate and private equity investment firm Pebb Capital has signed a notable 79,141-square-foot office lease at Sundy Village for the headquarter relocation of DigitalBridge, one of the world’s largest digital infrastructure investment firms.

The announcement marks continued leasing velocity at the transformative mixed-use development in Delray Beach’s Atlantic Avenue District, with expected completion in the third quarter of 2024.

DigitalBridge will be situated at 100 SE 1st Ave., at the southeast intersection of First Street and First Avenue. The office will serve as the main corporate location for more than 300 employees, moving from the current headquarters in Boca Raton. The multi-billion-dollar public company owns, invests in, and operates businesses across five key verticals: cell towers, data centers, fiber networks, small cells and edge infrastructure.

DigitalBridge’s building will be LEED certified and designed with sustainability in mind, including rooftop solar panels. The four-story structure will also boast covered walkways for employees and pedestrians alike, terraces and a sophisticated ground-floor lobby.

“The decision to transition DigitalBridge’s headquarters to Sundy Village will be a tremendous benefit for our team to be immersed in the heart of Downtown Delray,” said Marc Ganzi, DigitalBridge CEO. “Our expanded and modernized office will provide our company with new space for innovation and enjoyment of nearby experiences, from retail to dining, that make it an ideal setting.”

Sundy Village’s seven-acre campus style design presents a unique layout with a series of standalone, private office buildings. In addition to DigitalBridge’s headquarters, a collection of boutique ‘Class A’ office structures are available for lease, ranging from 5,776 to 12,600 square feet. Each will be delivered with the privacy of a single company occupying the building, direct elevator access from the garage and large outdoor terraces for an elevated work setting. Employees will have convenient connectivity to modern lifestyle, dining and retail offerings throughout Sundy Village and the surrounding downtown. Office tenants also include Pebb Capital, which will relocate its Boca Raton headquarters, and Vertical Bridge, the largest private owner and operator of communication infrastructure in the U.S. Beyond the boutique selections, limited office availability remains in the property’s main building.

“The addition of DigitalBridge will bring a sizeable workforce and tremendous utilization of the project’s amenity playground on a daily basis,” said Todd Benson, Pebb Capital Principal. “Coupled with our strategic securement of diverse restaurants and retail experiences, Sundy Village’s location and accessibility continue to be important attributes to creating a robust environment for companies and patrons.”

Designed by Gensler, Sundy Village will create a distinctive ambiance by blending contemporary urban design with historical elements, including the adaptive re-use of structures listed on the National Register of Historic Places. The project is one of the only master-planned ‘Class A’ office developments underway in Delray Beach. Hospitality tenants include new-to-market Barcelona Wine Bar, a “vibey, no reservations” bar with locations across 11 states; and a culinary venture by chef Michael Schulson, known for his successful restaurants in Philadelphia and Miami under the Schulson Collective brand.

Situated within a mile from Interstate 95, Sundy Village is poised to become the gateway to Delray Beach’s entertainment corridor at 22 W. Atlantic Ave. The project embodies a forward-thinking approach to business, hospitality and experiential development, incorporating open-air courtyards, airy walkways, green spaces, and indoor/outdoor dining, totaling in 30,000 square feet of retail space, 180,000 square feet of ‘Class A’ office space, 268 subterranean parking spots as well as a parking garage.

CBRE‘s Joe Freitas and John Criddle oversee office leasing, while retail leasing is managed by Sara Wolfe of Vertical Real Estate.

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