South Florida Office Brokers Association

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  • CBRE Tapped To Lease Newly Renovated Downtown Fort Lauderdale Office Tower

    CBRE Tapped To Lease Newly Renovated Downtown Fort Lauderdale Office Tower

    CBRE has been selected by AGS Properties Corporation to lease Broward Financial Centre, a premier 325,486-square-foot Class A office tower in downtown Fort Lauderdale with unobstructed ocean views. The announcement follows the completion of a series of major renovations that enhance the property for today’s workplace needs.

    The comprehensive renovations include a redesigned interior lobby, new common areas, a state-of-the-art conference center featuring upscale seating, along with a tenant lounge containing multiple TVs and a fully equipped kitchen, providing tenants with a versatile and sophisticated space for meetings and events.

    CBRE’s John Criddle, Joe Freitas and Max Pawk will serve as exclusive leasing agents for Broward Financial Centre.

    “Broward Financial Centre is a standout office building, and we are incredibly excited to partner with AGS Properties Corporation to bring its exceptional offerings to the market,” said Freitas, Senior Vice President at CBRE. “The recent renovations and the continued development of move-in-ready suites create a truly compelling environment for businesses seeking top-tier office space in the vibrant downtown Fort Lauderdale area. We’re confident that these enhancements will attract a diverse range of tenants.”

     

    “We at AGS Properties Corporation are truly excited about having one of the most recognizable and prolific leasing teams in South Florida handling the leasing aspects of what we believe to be one of the best-in-class office assets in downtown Fort Lauderdale,” said Alvaro da Silva, President of AGS Properties Corporation. “The energy, professionalism, and commitment John, Joe, and Max provide to the tasks they are assigned assures us we will obtain incredible results by bringing top-notch tenants to our property.”

    Located at 500 East Broward Blvd., the 24-story office building features a variety of on-site amenities, including a banking branch, conference center, fitness center, Morton’s Steakhouse, ample parking and panoramic views of downtown Fort Lauderdale. Broward Financial Centre is home to a diverse tenant roster, including law firms, financial services companies and other professional users. Available space opportunities range from small boutique offices to full floors.

    Broward Financial Centre provides strategic access to Fort Lauderdale-Hollywood International Airport, the Brightline high-speed rail service and premier dining, shopping and entertainment options along Las Olas Boulevard.

  • JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

    JLL Arranges 20,000 SF Of New Leases At Boca Raton Office Tower

    JLL announced the completion of four new office leases at Peninsula Plaza located on North Federal Highway in East Boca Raton.

    Situated at 2424 North Federal Highway, the four-story, 163,640-square-foot trophy office property will welcome the relocating tenants from other parts of the market, ranging in size from approximately 2,000 to over 6,400 square feet.

    JLL Executive Vice President Brady Titcomb represented the building’s ownership, CDS Realty Investments, LLC, whose dedication to enhancing the tenant experience has helped drive demand and propel significant leasing activity.

    “Peninsula Plaza continues to attract top-tier tenants because it delivers what today’s companies value most including modern amenities, tenant-ready spec suites, efficient space configurations, and a highly desirable location,” said Titcomb. “The building’s sun-drenched atrium, upgraded common areas, modern conference and fitness facilities, coupled with unique suite features like Intracoastal views and private terraces, have made the property one of the most desirable options in the market. These latest leases underscore the strength of tenant demand in Palm Beach County and the appeal of thoughtfully designed, well-maintained office environments.”

    Among the new additions to Peninsula Plaza’s distinguished roster of tenants are:

    • Poliakoff Backer, a South Florida-based law firm providing quality customized representation for community associations of all sizes, will be taking 5,431 square feet of space on the fourth floor. Poliakoff Backer was represented by CBRE’s John Jaspert.

     

    • Family First Life, a nationally licensed insurance marketing organization (IMO) and brokerage, will occupy 6,460 square feet on the second floor. Family First Life was represented by George Casey of Total Real Estate Consultants, Inc.

     

    • Echelon Financial, LLC, an independent Austin-based registered investment advisory firm, will be taking 5,388 square feet on the third floor. Echelon Financial LLC was represented by Jason Stagman of Stagman Commercial Real Estate Advisors.

     

    • A local boutique insurance brokerage specializing in group health insurance, working with small and large group organizations, will occupy 1,931 square feet on the fourth floor. Silvana Benitez with LRM Commercial Real Estate Advisors represented the insurance brokerage.

    Ideally situated between Yamato Road and Glades Road, Peninsula Plaza offers immediate access to Interstate 95 and is just minutes from Mizner Park, Boca Town Center, and Boca Executive Airport. The location provides abundant conveniences, with a wide selection of nearby dining options, including Chipotle, Subway, Blaze Pizza, and others, as well as multiple banking institutions along Federal Highway.

    The property also backs up to an expansive jogging path with scenic water views, and select suites offer their own Intracoastal vistas and private terraces. Remaining spaces available range from 2,000 square feet to more than 11,500 square feet, providing flexible options for tenants of all sizes.

    According to JLL’s latest office insight report for Palm Beach County, the office market posted one of its strongest quarters in years, with absorption turning positive across both North and South County and vacancy declining market-wide. Leasing activity surged to roughly 900,000 square feet while new deliveries saw rapid uptake, underscoring sustained demand for high-quality space, the report shows. Nearly 1.2 million square feet remains under construction, all concentrated in Downtown, yet robust tenant interest continues to support tightening fundamentals.

  • Law Firm Nearly Doubles Boca Raton HQ

    Law Firm Nearly Doubles Boca Raton HQ

    Herman Law has completed a major expansion of its South Florida headquarters, relocating to a significantly larger space in Boca Raton.

    The firm recently moved into an 18,000-square-foot office at 1800 N. Military Trail, nearly doubling the size of its previous 10,000-square-foot suite in the same building within Boca Center, a mixed-use development.

    The lease negotiations were handled internally by the firm, while CBRE’s Joe Freitas represented the landlord, an affiliate of New York-based Macquarie Capital.

    Herman Law’s Boca Raton office currently employs around 70 people, with plans to expand its local team following the move. The firm, which focuses on representing survivors of sexual abuse, operates eight offices across the U.S. with more than 200 employees. The Boca Raton location remains its sole Florida office.

    “This expansion isn’t just about space—it reflects the growing need for survivors to have a voice,” said Roger Herman, the firm’s chief business officer.

    Macquarie Capital purchased the three office buildings at Boca Center in 2022 for $171.5 million. The property at 1800 N. Military Trail totals roughly 299,000 square feet of office space.

     

  • 266,000 SF In New Leases, Renewals Reported At Boca Raton Innovation Campus

    266,000 SF In New Leases, Renewals Reported At Boca Raton Innovation Campus

    CP Group and DRA Advisors announced more than 266,000 square feet of leasing activity at the 1.7-million-square-foot Boca Raton Innovation Campus (BRiC).

    The activity includes three new leases and two renewals from tenants spanning healthcare, tech, and education sectors.

    New leases include:

    • Allstar Recruiting Locums LLC leased 42,697 square feet, doubling its space as it relocates from Deerfield Beach.
    • Cinch Home Services signed for 32,888 square feet.
    • EchoTwin AI leased 2,704 square feet for its first office, with the founder relocating from San Francisco.

    Renewals include:

    • Modernizing Medicine renewed 127,821 square feet.
    • Everglades University renewed 52,582 square feet.
    • Newtek renewed 7,810 square feet.

    Jeff Kelly of CBRE represented CP Group in all transactions.

    CP Group is finalizing a $100 million renovation of the former IBM R&D campus, adding amenities such as a wellness center operated by Boca Raton Regional Hospital, dining options, event spaces, fitness studios, and a 1,100-space parking garage.

    The firm is also expanding its flexible “worCPlaces” spec suite program. Two completed phases totaling 30,000 square feet are fully leased, and a third phase—including six suites and seven individual offices—is under construction for delivery in January 2026.

    BRiC was rezoned in 2023 to allow future development of residential, retail, hospitality, and entertainment uses, opening the campus to the public year-round. The property also serves as a venue for corporate events, community gatherings, and private celebrations.

  • Pebb Capital Completes Phase I Of Sundy Village With 88% Of Project Leased

    Pebb Capital Completes Phase I Of Sundy Village With 88% Of Project Leased

    Pebb Capital, a national diversified real estate and private equity investment firm, announced the completion of Phase One at Sundy Village, its premier mixed-use development in the heart of Delray Beach.

    The seven-acre campus recently received a TCO, marking a major milestone as a surge of new office, retail and food-and-beverage leases brings the project to 88 percent leased, with 268 below-grade parking spaces now available to the public.

    Sundy Village has now delivered 100,000 square feet of Class A+ office space and 30,000 square feet of retail and dining. Woven into a walkable setting of shaded pathways and activated courtyards, new leases build on an early roster that includes Vertical Bridge, Barcelona Wine Bar, Van Leeuwen Ice Cream, Double Knot and Drinking Pig BBQ. Vertical Bridge originally leased 38,474 square feet and moved in earlier this year. The firm has since expanded, bringing its total footprint at Sundy Village to 48,140 square feet. With the TCO in place, restaurants have started their buildouts, with openings anticipated to begin later this year and continue on a rolling basis through the first half of 2026. The project has another 8,500 square feet of leases under negotiation, which would bring occupancy to more than 92 percent.

    “Completing this phase with the majority of the campus leased affirms the strategy we envisioned from the outset,” said Todd Rosenberg, Co-Founder and Managing Principal at Pebb Capital. “Tenants see a strategic advantage to doing business where workplaces, amenities and lifestyle converge — positioning Sundy Village to serve as a long-term anchor and defining presence in Delray Beach’s continued growth.”

    Signed tenants now include flexible workspaces, wellness, financial services and a wave of culinary concepts. New leases include:

    • Industrious, the national flexible workspace provider, will occupy 25,190 square feet across two standalone office buildings at 25 SW First Ave. and 35 SW First Ave. This reflects sustained demand for turnkey, design-forward offices that support hybrid work.
    • Maman, the New York–founded café and bakery known for its French-leaning menu and distinctive interiors, leased 1,768 square feet. The brand’s continued South Florida expansion will serve as an experience driver within Sundy Village’s pedestrian corridor.
    • Dragonfly MRI, a precision wellness imaging center, leased 6,485 square feet.
    • JTC, a global provider of funds, corporate and private client services, signed 2,458 square feet.
    • Fairstead Development, a purpose-driven real estate firm, leased 2,215 square feet.
    • Lost Coast Collective LLC, a boutique investment-management firm, signed 1,212 square feet.
    • Coastal Investment Company, a private equity real estate firm, leased 1,030 square feet.
    • Delray Beach Craft Brewing, LLC, a locally owned upscale restaurant featuring its own craft beer program, will take 1,143 square feet in the historic Cathcart House on Swinton Ave.

    “Leasing at Sundy Village mirrors the top demand drivers across South Florida: efficient layouts, seamless indoor-outdoor connectivity and walkable amenities. We expect the remaining suites to transact quickly as companies look to secure space at what is becoming Delray Beach’s most well-rounded mixed-use address,” added John Criddle, Executive Vice President at CBRE, who oversees office leasing alongside Joe Freitas.

    Sundy Village’s Phase Two construction progress will continue with a 79,141-square-foot standalone office building at 100 SE First Ave. and a 165-space parking garage at 48 SE First Ave. that will include 3,400 square feet of ground-floor retail. Through a partnership with the City of Delray Beach, the garage will be available for public use after 6 p.m. on weekdays and throughout the weekends — supporting both tenants and the surrounding district.

    Situated within a mile from Interstate 95, Sundy Village is a gateway to Delray Beach’s entertainment corridor. With architecture by Gensler and RLC Architects, patrons enjoy thoughtful design that integrates open-air courtyards, breezy walkways, green space and indoor/outdoor dining and seating areas. One of the most unique aspects of Sundy Village is its ability to incorporate new construction with the preservation of historic homes on the property, several of which are listed on the National Register of Historic Places. These homes have been carefully restored throughout the development process. As part of this effort, historical plaques have been installed at the front and rear of the homes, offering visitors a glimpse into Delray Beach’s heritage while connecting past and present.

  • CBRE Announces New Leases At Sawgrass Concourse In Sunrise

    CBRE Announces New Leases At Sawgrass Concourse In Sunrise

    CBRE facilitated two new office leases totaling 40,000 square feet at Sawgrass Concourse, a two-building office complex located in the Sawgrass International Corporate Park in Sunrise.

    Gordon Messinger with CBRE represented the landlord, MG3 Group, a Florida-based real estate investment and development company, in lease negotiations.

    The State of Florida signed leases totaling 40,000 square feet in August. The Florida Department of Financial Services signed a 21,000-square-foot lease, and the Department of Revenue signed a 19,000-square-foot lease. Both state agencies are relocating from other parts of Broward County and are expected to move in during 2026.

    “We are excited to welcome these tenants to Sawgrass Concourse,” said Messinger, executive vice president at CBRE. “Successfully backfilling 40,000 square feet of space in only seven months highlights the property’s appeal and underscores the ease and efficiency of working with MG3 Group. Their proactive approach and dedication to facilitating the deal were instrumental in this quick turnaround.”

    Sawgrass Concourse is one of the premier flex office properties in the southwest Broward office market.   The office complex provides companies with flexible and efficient floor plans, above-market parking ratios and convenient access to hotels and food/beverage options. Additionally, Sawgrass Concourse offers strategic accessibility with direct access to Sawgrass Expressway, the Florida Turnpike and Interstate 595 and 95.

  • Berger Commercial Realty Facilitates Sale Of Fort Lauderdale HQ Office Building To Lennox Industries, Inc.

    Berger Commercial Realty Facilitates Sale Of Fort Lauderdale HQ Office Building To Lennox Industries, Inc.

    Berger Commercial Realty, a leader in South Florida commercial real estate services, is proud to announce the successful $16 million sale of Health Network One, a 29,890-square-foot corporate headquarters building situated on 2.68 acres at 2201 South Andrews Avenue in Fort Lauderdale.

    2001 South Andrews Avenue_Photo Provided by Berger Commercial Realty

    Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller, Dino Properties, LLC, in the transaction. The buyer, Lennox Industries, Inc. (NYSE: LII), a global leader in energy-efficient climate control solutions, was represented by Christopher Dubberly, Michael Meaden, Seth Ramey, and Jacob Sanchez of CBRE’s Fort Lauderdale and Dallas offices.

    Lennox plans to establish its southern region corporate headquarters and training center at the property, consolidating multiple offices into a single, centralized location. The company was drawn to the site’s turnkey, fully furnished condition, proximity to Fort Lauderdale-Hollywood International Airport, and access to major transportation routes and hospitality options, signaling a strategic commitment to South Florida.

    “This sale represents a win-win for both parties,” said Hyatt. “We’re proud to have represented Dino Properties from their initial acquisition of this property through its transformation into a highly desirable corporate headquarters building, and now its sale to a world-class company like Lennox. “We expected the highest offer to come from a developer, but Dino’s exceptional work on the building made it highly appealing to an end user, providing a move-in-ready situation for the buyer and a quick deal for the seller.”

    Originally constructed in 1949 and completely gut-renovated in 2014 into a modern, tech-inspired office space, the building stands as a prime example of adaptive reuse development in Fort Lauderdale. Previously a distribution center for Hughes Supply Company, the property was reimagined by Dino Properties with a forward-thinking design that attracted multiple offers from developers before Lennox’s acquisition.

    The sale underscores the ongoing gentrification and redevelopment of the South Andrews Avenue corridor, an area once dominated by industrial and service businesses that is now experiencing rapid growth with new multifamily, retail, and hotel projects underway.

  • Grover Corlew Signs Two Major Leases At 600 Hillsboro, Bringing Hillsboro Center To 90% Occupancy

    Grover Corlew Signs Two Major Leases At 600 Hillsboro, Bringing Hillsboro Center To 90% Occupancy

    Grover Corlew announced the signing of two significant leases, one with The Corradino Group and the other with Wemlo, at 600 Hillsboro, one of five buildings in the Hillsboro Center office campus in Deerfield Beach.

    The leases bring Hillsboro Center to 90% occupancy.

    The Corradino Group, a national leader in transportation engineering and planning, has signed a lease for 27,021 square feet of space at 600 Hillsboro, which will serve as the command center for the Florida Department of Transportation’s (FDOT) SW 10th Street Connector Project— an estimated $1.3 billion infrastructure initiative linking the Sawgrass Expressway to I-95 that will create thousands of jobs and generate over $5.5 billion dollars in economic return to the region.

    This high-profile project, delivered in partnership with Prince Contracting (part of the Flatiron-Dragados group within the global ACS Group) and OHLA USA as a joint venture,  along with Archer Western (part of the Walsh Group, a fourth-generation family-owned business providing construction services across North America), aims to address longstanding safety and congestion concerns. Once complete, the project will significantly enhance travel, freight movement, and hurricane evacuation routes across Broward County and the broader South Florida.

    Wemlo, a RE/MAX Holdings fintech subsidiary that offers third-party mortgage loan processing services, has leased 3,102 sq. ft. of space at 600 Hillsboro, bringing another innovative, growth-oriented company to the building.

    These leases follow a series of recent transactions, including the addition of new tenants, and renewals and expansions of current tenants including Osborn Engineering in 600 Hillsboro and J.D. Gilbert & Company, Supreme Health Options and Asymmetric Alpha Global Investors in 700 Hillsboro.

    “Hillsboro Center has become a dynamic hub for companies looking for modern space, direct highway access and value in the heart of South Florida,” said Partner Mark Corlew. “The leasing momentum we’ve achieved reflects the strength of the improvements we’ve made, the quality of our tenant experience and the demand for well-positioned suburban office space.”\

    Grover Corlew acquired Hillsboro Center in 2019 for $32.5 million, recognizing the long-term potential of the property’s prime location at the southeast corner of Hillsboro Boulevard and I-95. The campus includes the six-story, 119,000-square-foot tower at 600 Hillsboro and four additional buildings totaling nearly 103,875 square feet at 700 Hillsboro. Since the acquisition, Grover Corlew has invested more than $11 million in extensive capital improvements and renovations including a redesigned lobby at 600 Hillsboro, new spec suites, upgraded restrooms and corridors, a tenant lounge and a state-of-the-art fitness center.

    “Hillsboro Center is at the center of a rapidly evolving corridor that continues to attract significant public and private investment,” said Partner Anuj Grover. “With more than 162,377 square feet leased since 2023, we’re seeing strong demand driven by nearby developments like the Hillsboro Technology Center and the redeveloped JM Family headquarters campus.”

    The revitalization of Hillsboro Center is part of a larger vision for the site. Grover Corlew recently received site plan approval to expand the property with 360 luxury apartment units under its Mayla brand, while continuing to modernize the office campus and demolish obsolete buildings to make way for new public spaces and improved infrastructure.

    Ideally located just east of I-95, Hillsboro Center offers tenants structured parking, on-site management, an on-site café, and immediate access to a wide range of nearby restaurants, banks, hotels and retail, with connectivity to Boca Raton via the Dixie Highway overpass and Sawgrass Expressway access through SW 10th Street.

    The Corradino Group was represented by Kathryn B. Gillespie of 15 Properties in the transaction and Wemlo was represented by Candy Yeung of REMAX Consultants Realty 1. Grover Corlew was represented by Joe Freitas, John Criddle, Max Pawk and Nicholas Mulligan of CBRE.

     

  • Venture X Opens Newest Coworking Space In Boca Raton

    Venture X Opens Newest Coworking Space In Boca Raton

    Grover Corlew announced that Venture X, a premier coworking brand, has opened its newest location in South Florida at the reimagined Palmetto Central office campus in Boca Raton.

    The 30,000-square-feet Venture X coworking space now occupies the entire top floor of 1489 W. Palmetto Park Road, a building that has been completely renovated. This renovation is part of a broader $60 million investment to transform the two-building Palmetto Central complex. The redesigned top floor features bright, modern interiors with full-height hurricane-impact windows and private balconies. Additional upgrades to the property include fully renovated common areas, a striking tiered water feature at the main entrance, and generous covered parking with EV charging stations.

    “Venture X is a perfect fit for the Palmetto Central office campus, and we are thrilled to welcome them to the building,” said Mark Corlew, Partner at Grover Corlew. “We’ve invested significant resources into modernizing this space to offer businesses the best in design, amenities and location. The demand for Class A office space in Boca Raton is high, and Palmetto Central offers an unparalleled opportunity for businesses that are interested in relocating to the area.”

    The Boca Raton Venture X location meets the region’s growing need for flexible workspaces, offering an upscale, collaborative environment for entrepreneurs, remote professionals, startups and established businesses alike.

    “We are thrilled to bring the Venture X experience to Boca Raton and to be part of the revitalization of this iconic property,” Kevin Priddy, Managing Partner, Venture X. “This new location reflects our commitment to providing top tier coworking spaces that meet the needs of today’s professionals, with a focus on community and collaboration.”

    The Palmetto Central complex is ideally located within close proximity to I-95, the Brightline station and upscale shopping and dining . Venture X joins UHealth Boca Raton, a University of Miami Health System clinic, which opened a 17,000-square-foot clinic in the same building in late 2024.

    Venture X was represented by Derek Baker of Colliers, while Grover Corlew was represented by Joe Freitas, John Criddle and Max Pawk of CBRE.

     

  • Chicago Firm Picks Up West Palm Office Building

    Chicago Firm Picks Up West Palm Office Building

    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