PEBB Enterprises Completes Several New Office Leases In Boca Raton
1801 Building is now 97% occupied following the latest transactions; Infinity Sales Group moves into the company’s Park at Broken Sound building.
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1801 Building is now 97% occupied following the latest transactions; Infinity Sales Group moves into the company’s Park at Broken Sound building.
New ownership plans to spend north of $10 million in capital improvements to the property throughout 2022, including renovations to the lobby areas, corridors, and restrooms of Tower I, II and III. Additionally, they will be enhancing tenant amenities with a conference center, lounge, and state-of-the-art gym.
The lease brings Miami’s MedSquare Place to full occupancy prior to delivery.
The portfolio consists of three waterfront sites, totaling 1.36 acres, each with site plan approval already in-place for the development of a luxury mid-rise condominium with high-end amenities.
Scott Goldstein, Keith Edelman and John Nugent with CBRE represented Aon in the lease negotiations.
He will join the firm’s Miami-based Office Agency Leasing team consisting of Brian Gale, Andrew Trench, Ryan Holtzman, Jeannette Mendoza and Lena Weeks.
For the past 33 years, he has operated a successful brokerage and property management company.
The South Florida market continues on its upward demand trajectory for quality multifamily communities for residents and investors alike.
Construction of Midtown Place at Boca Raton will launch in early 2023, delivering the first major ground-up development of a multi-tenant Class A+ office building to the city in more than a decade. Butters expects to deliver the five-story, $70 million-plus office building by mid-2024.
JLL represented the seller, Pearlmark, and procured the buyer, CS Ventures.
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