July SFOBA Meeting
NOTE: SFOBA meetings are open to active South Florida office brokers only.
(Links in image below are not hyperlinked.)
RSVP:
khartofolis@whelchelpartners.com
Tag Archive for: whelchel partners
CBRE Brings Mizner Office Tower & Mizner Park Plaza Real To Near Full Occupancy With 99,000 SF In Lease Deals
CBRE Executive Vice President John Criddle, First Vice President Joe Freitas and Transaction Manager Allie Lancashire announced the signing of 20 lease deals totaling 99,015 square feet at Mizner Office Tower & Plaza, bringing Mizner Park Office Tower to 96% occupied and Mizner Park Plaza Real to 93% occupied.
Mizner Park Office Tower is a 7-story building centrally located in Boca Raton’s business district and offers sweeping views of the ocean. With 165,416 square feet of “Class A” office space, free garage parking and 24-hour security services, this premier office tower accommodates companies of all sizes with its superior location, design and service.
The prominent CBRE office team signed Robbins Geller Rudman & Dowd, one of the world’s leading complex class action firms representing plaintiffs in securities fraud, antitrust, breach of fiduciary duty, consumer fraud, and privacy cases, to 26,429 square feet. Headquartered in San Diego, CA, the lease deal marks a relocation and expansion for the law firm from 120 East Palmetto Park Road. Jeremy Hakala with Newmark represented the tenant in the deal.
The team secured new lease deals with Logitix, an advanced ticketing technology firm, for 6,116 square feet, which was represented by Barbara Black and Iker Belauste with JLL; Perr Knight, an actuarial firm, for 4,374 square feet, which was represented by Deborah Fink with CBRE; ImMune Bio a clinical stage immuno-oncology company, for 5,165 square feet, represented by Tawny Moore with Commercial & Luxury Residential Specialist; and Cetera, a financial group, for 5,252 square feet, which was represented by Brad Armstrong with Vestian Global Workspace Services.
In addition, the team signed the following renewals:
- Tobin & Reyes, a law office, for 9,380 square feet; represented by Clay Sidner and Jeremy Hakala with Newmark
- Brockway Moran, a private equity firm, for 3,870 square feet
- Mesirow, a financial services company, for 2,324 square feet; represented by Jonathan Barbar with Barbar & Associates
- AGNC, a REIT, for 1,763 square feet; represented by Chase Deuscle with CBRE
- DA Davidson, an investment banking company, for 1,405 square feet
Criddle and Freitas secured an additional 10,813 square feet in new deals at Mizner Park Plaza Real, located at 327 & 433 Plaza Real Boulevard in Boca Raton.
- Element Packaging, a packaging solutions company within the beauty and skincare industry, for 3,185 square feet
- iSella.com, is a real estate brokerage firm to assist out-of-state and international buyers, for 2,345 square feet
- Tom Murphy (690/720 NE 5th Ave), a family office, for 2,166 square feet, who was represented by Jay Whelchel with Whelchel Partners
- Palmetto Dental for 1,672 square feet, which was represented by Jonathan Eisenband with Onecore Realty
- Interactive Offers, a marketing company, for 1,445 square feet
The following renewals were also signed:
- Regus, a professional business center, for 16,624 square feet; represented by John Marshall with JLL
- John Henry, for 4,414 square feet; represented by Peter Reed with Commercial Florida
- Osborne Associates, a law firm, for 2,754 square feet
- Goldman Felcoski, a law firm, for 2,360 square feet
- Dr. George, a family practice physician, for 1,224 square feet
Mizner Park Plaza Real offers a total of 102,922 square feet of Class “A” luxury office space with spec suites offering immediate occupancy, featuring Plaza views, free garage parking, downtown convenience within walking distance to many shops, restaurants and amenities.
Both office properties are located within Mizner Park, a luxury landmark that includes retail, office, residential, and cultural space, as well as a 5,000-person-capacity amphitheater. In addition, Mizner Park offers luxury cinema iPic Theaters with their Tanzy dining and high-end bowling alley Strike 10. A collection of popular restaurants includes Loch Bar, Yard House, KaPow!, Max’s Grille, Villaggio Restaurant, and Ruth’s Chris Steak House.
Progress continues to be made on the Brightline Boca Raton station and parking garage located on a 1.8-acre site across from Mizner Park. Work is advancing on the 4.5 story, 455-space parking garage as well as the station’s platform foundations. The 38,000-square-foot station and garage are expected to be completed in the fall of this year. Once completed, the station will be Brightline’s fifth in the state, connecting Boca Raton travelers to Miami, Aventura, Fort Lauderdale, and West Palm Beach, with a forthcoming station in Orlando.
Whelchel Partners Brings 980 Cendyn To 75% Occupied With 50,000 SF In Deals
Whelchel Partners Real Estate Services has secured more than 50,000 square feet of new tenants at the newly renovated 980 N. Federal Hwy., recently renamed 980 CENDYN.
The Boca Raton office building, formerly known as the Compson Financial Center, sold in August 2013 to local investment group Boca East Investments LLC. Whelchel Partners represented the buyer in the acquisition of the 95,000 square foot building.
New anchor tenant Cendyn has recently moved into a full floor at the building, relocating its worldwide headquarters. The new ownership’s managing member, Charles Deyo, is also President and Founder of Cendyn, a full service hotel internet marketing agency.
Cendyn Spaces, a modern concept business center and co-working location that allows for business and independent contractors to lease office and meeting space by the hour, the day, the month or the year providing ultimate flexibility.
Extensive renovations have recently been completed at the property, including new exterior façade (completion date August 1, 2014), new restaurant (Meat Eatery & Taproom), new HVAC chiller system, high tech security system, a multipurpose redesigned atrium, robust tenant improvements as well as upgraded common areas. The building incorporates the latest technology innovations including new 1 Gbps fiber link, Cisco Collaboration Infrastructure, CAT 6 cabling, enterprise class Wi-Fi throughout building.
Other new tenants include, R2 Unified Technology, Flagship Solutions, Matteis & Company and the new restaurant M.E.A.T.(Meat Eatery And Taproom), joining existing anchor tenant Wells Fargo.
The lease transactions bring the building from 25% occupied a year ago to over 75% occupied today.
“New ownership has created the infrastructure and environment to support the full spectrum of office users with the ability to offer 10 minute leases or 10 year leases” says Jay Whelchel, Principal of Whelchel Partners Real Estate, pictured above left.
Jay Whelchel and Whelchel President and Broker Kristy W. Hartofilis, pictured left, will remain on the project as leasing company and asset manager.
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About Whelchel Partners: Whelchel Partners is located in Boca Raton, and offers commercial real estate services in Broward and Palm Beach Counties. For more information regarding Whelchel Partners, please visit the website at http://www.whelchelpartners.com or call 561-939-6636.
About Cendyn: Cendyn® is a full-service agency specializing in turnkey solutions that drive bottom line results for the travel and hospitality industries. Cendyn represents 18,000 hotel and travel destinations with clients such as Starwood Hotels & Resorts, Ritz-Carlton Hotel Company, Hyatt Hotels, Hilton Worldwide, Marriott, and other independent properties. For more information, please call 866-625-4518 or visit http://www.cendyn.com
Whelchel Partners Awarded Boca Office Listing
Whelchel Partners has recently been tapped to lease 925 S. Federal Highway in Boca Raton.
Designed by Philip Johnson, the 90,000, 7-story Class “A” office tower was built in 2000 and features 42,152 square feet available for lease, with suites ranging from 800 to 40,000 square feet.
Tenants include Wells Fargo, T. Rowe Price and Raymond James.
Whelchel Partners Seeking Sales Associate
Whelchel Partners Real Estate Services is currently seeking a sales associate with one to five years of experience to join our commercial real estate brokerage team located in Boca Raton.
The primary responsibility will be to service existing clients and assist in the development of new business. This is an excellent opportunity to join a growing local boutique brokerage firm with fresh, creative concepts while working within today’s commercial real estate industry.
For the full job description and contact click here: http://www.whelchelpartners.com/contact-us/employment-form
Whelchel Partners Celebrates First Anniversary
Whelchel Partners Real Estate Services, launched in 2010, has developed a successful business with its full service commercial real estate brokerage. Stemming from its strong roots within the local community, Whelchel Partners has played a pivotal role in helping businesses, owners, and investors with commercial leasing, sales, and customized real estate services.
Implementing a unique marketing approach for each new client and property, Whelchel Partners has succeeded in gaining increased market share, successfully signing on twelve new properties, including office, retail, and industrial properties. By adjusting business strategy according to the individual needs of both client and property, Whelchel Partners allocates resources correspondingly, giving clients the highest quality of service.
“Whelchel Partners looks to add value to clients beyond the leasing or sales transaction,” Principal Jay Whelchel explains of the company’s consultative approach. “Whether we take the lead as a project manager in a client’s relocation and construction build-out or make recommendations for industry service providers, we are a resource for our clients past the closing or lease signing.”
In addition to signing new properties, Whelchel Partners has represented both tenants and buyers within the marketplace, helping relocate or expand six companies in the Boca Raton, Delray Beach, and Boynton Beach communities. “What is exciting about our clients’ businesses is most of them are expanding and relocating to larger spaces. We see positive signs for our local economy to have small business growing again,” says President Kristy Whelchel Hartofilis. The relocations include Boca Ball Bearings, Holly Meehan Photography, the Law Offices of Steven Pesso, Nearly N 2 U, Ociana South, The Buzz Agency, and more to be announced soon.
An avid community activist, Whelchel Partners extends their business outlook beyond everyday dealings by immersing themselves within the community. “It is important,” affirms Principal Jay Whelchel, “to stay connected to the non-profit and cultural groups who are the foundation for a thriving and economically diverse community.” Their non-profit involvement includes work with the Greater Boca Raton Chamber of Commerce, Junior League of Boca Raton, George Snow Scholarship Fund, American Heart Association, and the Boca Raton Historical Society Board.
