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Other Industry News

New Owner For Royal Palm at Southpointe in Plantation

In one of the first major transactions to break through the all-to-quiet South Florida commercial real estate market this year, Duke Realty Corporation has closed on its purchase of Royal Palm at Southpointe, located at 900 and 1000 South Pine Island Road in Plantation.

Plaza 100 Changes Hands

Stephen Rutchik, Vice President, and Jonathan Kingsley, Executive Vice President and Managing Director of Grubb & Ellis’ South Florida offices, will handle the leasing for Plaza 100 in Dowtown Ft. Lauderdale.

Terranova Secures $13M LexisNexis Lease

Terranova Corp. announced that LexisNexis has signed a 10-year lease renewal at Meridian Commercial Office Complex at 6601 Park of Commerce Boulevard in Boca Raton. Terranova Senior Commercial Associate Gordon Messinger represented the landlord in the 61,524sf transaction valued at more than $13 million.

CBRE Named Exclusive Leasing Agent For Broward Buildings

CB Richard Ellis (CBRE), the world's leading commercial real estate services provider, was recently named the exclusive leasing agent for Sawgrass Place West, a 100,000-sq. ft. call center/office building located at 5601 N. Hiatus Rd. in Tamarac, Fla. and Cypress Pointe, a 49,000-sq. ft. office building located at 2001 NW 64th St. in Fort Lauderdale, Fla.

Flagler Closes $2.5 Million Deal

Flagler Real Estate Services, LLC (FRES), Flagler’s brokerage and property management arm, has recorded a new ten-year, 28,818-square-foot lease valued at $2.5 million that introduces Quick Shipping – a logistics company specializing in deliveries to Central America – as the latest tenant to the Beacon Centre commercial park in Doral.

Met 2 Financial Center Becomes Wells Fargo Center

Wells Fargo & Co. signed a 20-year lease at the brand new, Met 2 Financial Center.

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