PEBB Enterprises Closes Office Property Sale In Fort Lauderdale’s Cypress Creek
Scott O’Donnell of Cushman & Wakefield represented PEBB in the sale.
Scott O’Donnell of Cushman & Wakefield represented PEBB in the sale.
PEBB Enterprises and Banyan Development continue to target the Treasure Coast region for strategic investment opportunities, with a particular focus on rapidly growing Port St. Lucie.
Construction of the 134,000-square-foot store is underway, with a projected opening in 2026.
The JV completed the 71,000-square-foot retail project in 2024 and generated substantial leasing activity before the sale.
Alan Lipsky and Barry Wolfe of Marcus & Millichap represented PEBB and Banyan in the transactions.
Colliers’ Derek Baker, Gary A. Gottlieb, and Marc Fechter will lead leasing opportunities.
PEBB and Banyan picked up the 23-acre site for $7.46 million.
Located at 3600-3998 FAU Blvd., the Research Park includes a total of 308,305 square feet of office space. It is the only state university-affiliated research park in South Florida and considered a premier technology business incubator for the region.
The 71,000-square-foot project will be anchored by popular supermarket chain Aldi, which will be leasing 19,231 square feet at the center.
EDEN Living, in a joint venture with affiliates of Westport Capital Partners, just acquired a nearly 20-acre site with plans to develop 214 townhome-style units.
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