Tag Archive for: gary gottlieb

First Trophy Office Project In 25 Years Breaks Ground In Boca Raton

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Compson Associates, together with Alfredo Aletto, announced the groundbreaking of The Aletto, a landmark Class-A mixed-use office and lifestyle destination set in the heart of Downtown Boca Raton at Sanborn Square.

Representing Compson Associates, Inc., is the Colliers team—Executive Vice Presidents Scott Brenner, Gary A. Gottlieb, Derek Baker, Jonathan Carter, Dave Preston, and Vice President Marc Fechter—who are leading the marketing and leasing efforts for the office and retail portions of the project.

“We are so thrilled to be part of this exciting project and work alongside Carl Klepper and Bobby D’Angelo, who had the vision for this transformative and iconic project,” said Brenner.

Designed to redefine the professional and cultural landscape of the city, The Aletto will feature 140,000 square feet of premier office, retail, and hospitality space, including:

  • Two state-of-the-art office towers offering panoramic views
  • A signature “open to the public” 10th-floor rooftop restaurant with indoor-outdoor dining and skyline vistas
  • Luxury amenities including a private fitness center, steam & sauna, valet parking, and a full-time concierge service

Strategically located steps from Mizner Park, Brightline’s Boca Raton Station, and the city’s thriving dining and retail corridor, The Aletto is poised to become Downtown Boca’s first trophy-class office development in more than 25 years.

The Aletto will feature a brand-new 550-car parking garage seamlessly integrated into the development, offering ample capacity for office tenants, retail patrons, and restaurant guests. Featuring valet service, controlled access, and efficient circulation, the garage is designed to maximize convenience while minimizing traffic impact on surrounding streets. Its strategic layout ensures easy ingress and egress, enhancing overall accessibility to Downtown Boca and supporting the project’s vision of a walkable, vibrant urban destination.

Compson Associates has partnered with NADG to advance and elevate The Aletto, combining deep local expertise with national development capabilities to deliver a best-in-class project. This partnership reflects a shared commitment to creating a transformative destination in Downtown Boca. To support the project’s execution, the development team intends to utilize Bank of the Ozarks for the first mortgage, securing a strong financial foundation that positions The Aletto for timely delivery and long-term success.

The Aletto has secured its rooftop restaurant operator: INK Entertainment Group, North America’s preeminent lifestyle and hospitality company, celebrated for an award-winning portfolio of iconic restaurants, nightclubs, music festivals, and luxury hotel-residences. Established in 1982, INK has shaped dining and entertainment scenes across Toronto, Miami, and beyond, consistently delivering immersive experiences that blend culinary excellence with inspired design. At the Aletto, INK will reimagine its acclaimed Amal concept—a contemporary Lebanese dining experience renowned for its vibrant flavors, shareable mezze, and its ethos of joie de vivre, the “joy of living,” tailoring it exclusively for Boca Raton. This elevated iteration of Amal will offer guests stunning rooftop views, sophisticated ambiance, and a dynamic culinary atmosphere, making it one of Boca Raton’s most coveted dining destinations. The rooftop will also feature an upscale bar and lounge, offering craft cocktails and a curated selection of wines, all set against the backdrop of live music. This immersive experience will create an unparalleled fusion of fine dining and nightlife, where guests can enjoy an evening of vibrant energy, top-tier entertainment, and the best of Boca Raton’s social scene.

INK Entertainment will further enhance the Aletto’s complex culinary appeal by introducing its acclaimed Italian dining concept, Sofia, on the ground floor. Known for its contemporary elegance, Sofia blends authentic Italian cuisine with a modern, art-infused ambiance — the perfect complement to Aletto’s upscale atmosphere. Sofia’s menu highlights seasonal, thoughtfully sourced ingredients and a curated selection of handcrafted cocktails and aperitivos. Guests will enjoy a bottomless brunch with a DJ, an Aperitivo all’Italiana happy hour, and dinner evenings with live entertainment — all combining to offer memorable experiences that redefine traditional dining.

Complementing this offering and creating a powerful dual presence, the opposite space will welcome Gloria’s, sister restaurant of The Warren, a premier bourbon and whiskey destination that celebrates refined indulgence. Far more than just a bar, Gloria’s will feature an extensive, meticulously curated selection of rare and premium bourbons, grand craft cocktails, and a chef-driven menu of steak and seafood all designed to pair perfectly with the spirits. Its warm, upscale atmosphere will blend the richness of Southern charm with cosmopolitan polish, making it an essential gathering place for connoisseurs and newcomers alike in Downtown Boca Raton.

Together, Amal, Sofia and Gloria’s will deliver a multifaceted hospitality experience—uniting exceptional dining, world-class beverage programs, and an immersive cultural vibe—positioning the Aletto complex as a landmark destination for elevated leisure and entertainment.

The Aletto complex has already secured an elite lineup of tenants, setting the tone for a premier business address. Anchored by industry leaders such as Slavic 401(k), NSI Insurance, and Industrious, the building offers a rare combination of prestige, financial strength, and corporate sophistication. With limited space remaining, Aletto offers a unique opportunity for discerning businesses to become part of a community filled with top-tier, financially robust tenants in one of the most dynamic and desirable markets.

Colliers Facilitates Sale Of Palm Beach Gardens Office Building

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Colliers announced the sale of 4440 PGA Boulevard, a six-story, Class A office building located in Palm Beach Gardens in an off-market transaction.

Colliers Executive Vice President Gary A. Gottlieb partnered with Executive Vice President Mark M. Rubin, Senior Vice President Bastian Schauer, and Associate Ryan Buckner of the South Florida Investment Services Team to represent the seller, Narragansett Realty II, LLC. PGA OFFICE LLC purchased the property for $15,850,000.

“This sale reflects the sustained demand for high-quality office assets in Palm Beach Gardens,” said Gottlieb. “It’s been a privilege working with the family ownership – a relationship that spans more than 30 years and multiple generations. A special thank you to the South Florida Investment Services Team who provided invaluable guidance throughout the process.”

 

“In today’s dynamic sales environment, it’s encouraging to see continued investor demand for high quality office buildings in strategic locations,” said Rubin. “Bastian and I always enjoy the great collaboration with Gary!”

Strategically located in the heart of Palm Beach Gardens, 4440 PGA is a 47,000-square-foot office building that features a classic design and prime accessibility. Initially built in 1979, the building has undergone continuous updates over the years, including a significant renovation in 2022. 4440 PGA features a newly renovated lobby and secure garage parking. Prominently positioned at the corner of PGA Boulevard and Military Trail, the property offers seamless connectivity to the region from its proximity to Florida’s Turnpike and Interstate 95. Tenants benefit from proximity to top-tier amenities such as The Gardens Mall and numerous dining options.

MOB Trades For $577 PSF In Delray Beach

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Colliers announced the sale of a fully leased medical office building for $9.67 million.

The state-of-the-art surgery center is located at 6646 W Atlantic Avenue in Delray Beach.

Colliers Executive Vice President Mark M. Rubin and Senior Vice President Bastian Schauer of the South Florida Investment Services Team collaborated with Executive Vice President Gary A. Gottlieb in representing the seller in the transaction. The buyer, Alliance Consolidated Group of Companies, LLC., was self-represented in the deal.

“With strong demand in the medical office market throughout Palm Beach County, this deal presented a compelling opportunity, supported by strong long-term tenancy in a vibrant market,” said Rubin.

The ±16,761-square-foot medical office building underwent a comprehensive renovation in 2020, transforming it into a modern healthcare facility. As part of this upgrade, a top-tier multi-specialty surgery center was added, featuring two fully equipped operating rooms and three treatment rooms. Additional capital improvements included a new HVAC system and a complete renovation of the common areas, enhancing operational efficiency and patient comfort. The building is fully occupied, with a reputable multi-specialty physician group anchoring the first floor, while the second and third floors are leased to a premier ambulatory healthcare provider.

“Ownership executed an exceptional renovation, successfully repositioning the property as a high-quality medical asset in the market,” said Schauer. “Its modern features, combined with a prime location near Delray Medical Center, offer direct access to top-tier healthcare services in a market defined by limited supply and growing demand.”

The surgery center is ideally situated in one of South Florida’s most desired and rapidly growing healthcare markets. It boasts direct frontage along Atlantic Avenue, a central east-west corridor with visibility to 41,500 vehicles per day. The property offers seamless access to Florida’s Turnpike and Interstate 95, facilitating connectivity to key healthcare hubs. Additionally, it’s well positioned for accessibility, with Palm Beach International Airport only 25 minutes away and the Fort Lauderdale Central Business District within a 35-minute drive, making it a convenient destination for patients and providers alike.

Palm Beach County’s medical office market remains a prime choice for investors, driven by strong fundamentals, high occupancy, and rising rents. Medical office properties continue outperforming other asset classes, with a 94% occupancy rate and rents surging 23.5% over the past five years. The sector has remained resilient amid economic shifts, supported by steady in-migration and increasing demand for healthcare services. This was reflected in the sale of this premier medical office surgery center at a record-breaking $577 per square foot, far exceeding the county’s 2024 average of $279 per square foot.

Two-Building Boynton Beach Office Portfolio Sells

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Avison Young’s Florida Capital Markets Group negotiated the sales of two office buildings totaling 55,000 square feet in Boynton Beach. The assets sold in two separate transactions on behalf of the seller for a combined price of $9,150,000.

Representing the seller, TP Ten LLC, Avison Young Principals David Duckworth; John K. Crotty, CCIM; Michael T. Fay, who is also Managing Director of the firm’s Miami operations; Gary Gottlieb, SIOR, RPA; Vice President Brian C. de la Fé; and Associate Berkley Bloodworth completed the transactions.

  • Congress Executive Center at 1301 N. Congress Avenue, a four-story, 40,226-square-foot professional and medical office building, sold for $6.3 million to Triple Double Investments, LLC, managed by Andrew Greenbaum.
  • Boynton Beach Promenade at 1101 N. Congress Avenue, a two-story, 15,302-square-foot office building, sold for $2.85 million to Siloam Holding Company managed by Dr. Gherghina.

Adjacent to the soon-to-be-redeveloped Boynton Beach Mall, the properties boast abundant parking, high walkability, and prominent visibility and access from Congress Avenue. The class B buildings were 50% occupied at the time of sale, and each buyer has associated businesses with plans to absorb significant portions of the vacancy.

“The demand for office properties is strengthening along with optimism regarding the COVID-19 vaccine, allowing more people to return to work safely,” said Duckworth. “Selling the assets along the highly-trafficked North Congress Avenue in two separate transactions allowed the seller to maximize the pricing.”

According to Avison Young research, first quarter 2021 posted Boynton Beach’s total office vacancy rate at 13.1%, which has remained steady throughout the pandemic. Leasing activity in 2021 is on track to outpace the previous year.

 

Global Logistics Company Signs 20,000 SF Office Lease To Relocate, Expand HQ

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Samuels & Associates announced that International Materials, Inc. (IMI), an international trading and logistics provider, signed a 20,052-square-foot lease to relocate and expand its corporate headquarters to the Offices at 4th & 5th Delray.

Moving from Boca Raton to the Delray Beach central business district, IMI will occupy nearly two-thirds of the mixed-use building’s third floor Class A office space at 25 SE 4th Ave.

The relocation and expansion of IMI’s headquarters will allow the company to accommodate its existing HQ roster of 45 full-time professionals and further attract top talent in line with its anticipated growth trajectory.

“As a locally owned and managed business, we are thrilled to move back to downtown Delray Beach where many of us have been residents for years,” said Robert Walsh, President, IMI. “The prospect of locating our headquarters in this state-of-the-art building, steps away from Atlantic Avenue, is a dream scenario that will allow us to grow our business and make room for the future. We are grateful for the support we have received from the City and from Samuels & Associates.”

Approximately 6,181 square feet of office space now remains on the third floor of the Offices at 4th & 5thDelray. The 144,733-square-foot, four-story mixed-use project, newly developed in a joint venture between Samuels & Associates and American Realty Advisors, sits in the heart of Delray Beach.

“Samuels & Associates is delighted to welcome IMI to its new space in the Offices at 4th & 5th Delray,” said Peter Sougarides, Principal, Samuels & Associates. “As we continue to implement a thoughtful placemaking process in the dynamic downtown Delray Beach neighborhood, we look forward to welcoming companies and employees who will enliven the local downtown economy.”

“There is no denying the staying power and increasing vibrancy of Delray Beach’s downtown as a corporate destination. We were able to attract a corporate headquarters relocation during this COVID-19 pandemic,” said Mayor Shelly Petrolia. “We are excited to welcome IMI’s headquarters into the City of Delray Beach and look forward to helping IMI grow in our city.”

“This IMI corporate headquarters relocation to the Delray Beach central business district is a testament to the strength of our city and evidence that the investments in our public-private partnerships strategically located for economic development are beginning to pay off,” said Stephanie Immelman, President & CEO, Greater Delray Beach Chamber of Commerce.

In the transaction, Samuels & Associates was represented by Keith O’Donnell and Gary Gottlieb of Avison Young, and IMI was represented by Ingrid Kennemer of Coastal Commercial Group.

 

 

Healthcare Company Expands, Inks Deal For 29,000 SF

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Avison Young negotiated the lease expansion and extension for a healthcare company which will take 29,219 square feet long-term at North 40, an office complex in the Park at Broken Sound spanning two buildings and 352,043 rentable square feet.

The company is expanding its space by 7,599 square feet within the building at 901 Yamato Road in Boca Raton.

“The tenant is expanding to accommodate the relocation of another department to its corporate location at North 40,” said Avison Young Principal Mark Rubin. “Offering synergistic tenancy and a convenient location, North 40 continues to be home to many corporate and regional headquarters.”

Rubin represented the tenant and Principals Keith O’Donnell and Gary Gottlieb represented the landlord, PG Mainstreet North Forty, LLC, during the lease transaction.

Ownership acquired North 40 for $68.35 million, the largest sale transaction in Palm Beach County during first quarter 2019. Avison Young has been the exclusive leasing agency for the asset since 2014.

“We were awarded the North 40 leasing assignment at 47 percent occupancy and quickly leased up the complex and maintained an above-market occupancy rate which is currently at 90 percent,” said O’Donnell. “The latest transaction represents strong tenant demand in Boca Raton which continues to be one of South Florida’s hottest office markets.”

In addition to direct access to Interstate 95 from Yamato Road, North 40 boasts an efficient floor design, collaborative meeting areas, a conference center, and a fitness center.