jim.mcaleese@cushwake.com

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So far Jim McAleese has created 276 blog entries.

FRI Investors Retains Cushman & Wakefield to Lease 108,482-SF, Class A Office Tower in West Palm Beach

625 North Flagler Offers Largest Blocks of Available Office Space in Downtown Market WEST PALM BEACH, FL  – Cushman & Wakefield has been selected as the exclusive leasing advisor for 625 North Flagler, a 108,482-square-foot waterfront office tower in downtown West Palm Beach. The 11-story, Class A property has full-floor suites available for custom build-out as well as spec suites ready for immediate occupancy. FRI Investors and 625 Flagler Acquisition, LLC retained the Cushman & Wakefield team of Michael Feldman, CCIM, Director, and Mark Pateman, Esq., SIOR, Managing Principal, to market the property for lease. Extensive renovations are nearing completion and include updates to the lobby, common areas and the renovation of the attached four-story parking garage. Starting at $26 per square foot, lease rates are considered the most competitive in downtown West Palm Beach for Class A space. Availabilities range from 1,600 to 47,000 square feet, and the property [...]

2018-04-23T18:42:57+00:00 April 9th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Negotiates Two Leases Totaling ±54,000 SF at Pompano Center of Commerce II

The Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister Secured Warehouse and Distribution Leases with Technical Entertainment Services and Portobello America, Inc. POMPANO BEACH, FL  — Cushman & Wakefield has negotiated two industrial relocation leases totaling 53,832 square feet at Pompano Center of Commerce II in Broward County. The South Florida Industrial Brokerage Team of Chris Metzger, Richard F. Etner Jr., Christopher Thomson and Matthew G. McAllister represented Pompano Industrial Venture, LLC, a joint development between Butters Construction & Development and an institutional capital partner, in securing an 18,792-square-foot lease with Technical Entertainment Services (TES) and a 35,040-square-foot lease with Portobello America, Inc. Portobello America, Inc. Portobello America, Inc. leased 35,040 square feet in Building 7 of Pompano Center of Commerce II, located at 1660 NW 18th Street. Tom Viscount of Butters Construction & Development represented Portobello America, Inc. Portobello America, Inc. is a subsidiary of Portobello S.A, Brazil’s largest tile maker and distributor with more than 2,600 employees and annual [...]

2018-04-23T18:42:57+00:00 April 3rd, 2018|In the News, Industrial, Press Release|

Cushman & Wakefield Completes Two South Beach Multifamily Sales Totaling $33 Million

The Beach is Back – Two Property Sales at 550 9th St. and 250 Collins Ave. Highlight Resurgence of Investor Interest in South Beach Multifamily Market MIAMI, FL – Cushman & Wakefield has negotiated the disposition of two multifamily properties in Miami’s South Beach totaling $33 million. The sales are indicative of increasing investor interest and sales activity in the South Beach market. Cushman & Wakefield Executive Managing Director Calum Weaver and Senior Financial Analyst Perry Synanidis represented the sellers in both transactions. The first transaction was a six-story, 52,133-square-foot redevelopment property at 550 9th St., which sold for $17.6 million, or $338 per square foot to 550 9th LLC. The seller was ADME Real Estate LLC. The second transaction was for a 23,260-square-foot ultraluxury property at 250 Collins Ave., which sold for $14.6 million to Drago Capital Miami LLC. The 27-unit property traded for $540,000 per unit, or $770 [...]

2018-04-23T18:42:57+00:00 March 28th, 2018|Capital Markets, In the News, Multifamily, Press Release|

Cushman & Wakefield to Lease Historic Palm Beach Office Building

Michael Osiecki was selected by Wells Fargo to Lease the 17,326-Square-Foot Office Building at 255 South County Road PALM BEACH, FL — Cushman & Wakefield has been named exclusive leasing advisor for 255 South County Road, a 17,326-square-foot office building located less than one-quarter mile from the Atlantic Ocean in the heart of the exclusive Palm Beach office market. Cushman & Wakefield’s Michael Osiecki was selected to lease the building on behalf of owner Wells Fargo. 255 South County Road was developed in 1927 on a ±2.7-acre parcel at the northwest corner of South County Road and Royal Palm Way. The building is one of 284 landmarks protected under the Historic Preservation Ordinance of the Town of Palm Beach and was recently restored and renovated to provide modern accommodations. 255 South County Road offers ocean views from select suites and features the largest parking ratio in the Palm Beach office market. Availabilities at 255 South County Road from [...]

2018-04-23T18:42:57+00:00 March 28th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Negotiates Woundtech HQ Renewal and Expansion at Venture Corporate Center

Woundtech Expanded by 11,825 Square Feet at the Broward County Office Park HOLLYWOOD, FL  — Cushman & Wakefield has negotiated a 21,697-square-foot headquarters lease expansion and renewal with Woundtech at Venture Corporate Center in Broward County. The Cushman & Wakefield office leasing team of Travis Herring and Katherine Ridgway represented Denver-based Black Creek Group in the lease negotiations. Cushman & Wakefield’s Jeff Holding, A.J. Belt and Christina Stine Jolley represented Woundtech. Woundtech provides a telehealth-based platform where bedside clinicians collaborate with wound care nurses in a call center. Woundtech offers comprehensive wound care to health plan and medical group patients residing in private homes, skilled nursing and assisted living facilities, utilizing the most advanced wound care products. Woundtech currently houses its administrative and call center operations in a 9,872-square-foot space in Venture Corporate Center I. The company is relocating to Venture Corporate Center II and expanding by 11,825 square feet with this lease. Build-out of the new space will be completed by May. Venture Corporate Center is [...]

2018-04-23T18:42:58+00:00 March 28th, 2018|In the News, Office, Press Release, Tenant Representation|

Cushman & Wakefield Brings BAC Colonnade to Full Occupancy with ±19,000-SF Lease by Cyxtera Technologies

Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza Negotiated the Lease Renewal and Expansion CORAL GABLES, FL — Cushman & Wakefield has negotiated an 18,829-square-foot office lease expansion and renewal with Cyxtera Technologies, Inc. at BAC Colonnade. The lease brings the 205,295-square-foot, Class A office tower to full occupancy. The Cushman & Wakefield office leasing team of Brian Gale, Ryan Holtzman, Andrew Trench and Jeannette Mendoza represented building owner AEW Capital Management, LP in the lease negotiations. Cyxtera was represented by JLL’s Alan Kleber. Cyxtera, a global technology leader, is headquartered in the BAC Colonnade building. The company, which employs more than 1,300 people worldwide, renewed its existing 11,894-square-foot lease and added 6,935 square feet to its footprint. BAC Colonnade is an iconic urban landmark developed in 1988. The 11-story, 205,295-square-foot, Class A office tower is ENERGY STAR-rated and features ample parking in an attached garage, institutional ownership and on-site management. The building shares space with the Hotel Colonnade, which provides tenants with [...]

2018-04-23T18:42:58+00:00 March 15th, 2018|In the News, Office, Press Release|

Cushman & Wakefield to Lease ±101,000-SF Saber Centre I

John K. Criddle and Joseph J. Freitas to Lease the Mid-Rise Office Building in Boca Raton’s The Park at Broken Sound BOCA RATON, FL — Cushman & Wakefield has been named exclusive leasing advisor for Saber Centre I, a 101,347-square-foot office building in Palm Beach County. The Cushman & Wakefield office leasing team of John K. Criddle and Joseph J. Freitas has been hired by G&C Sabre Investors, LLC, an affiliate of Pompano Beach, FL-based real estate investment group Grover Corlew. Saber Centre I is a six-story, Class A office building offering efficient floor plates with unparalleled golf course views of The Old Course at Broken Sound. Criddle and Freitas were selected to reposition and rebrand Saber Centre I as the Grover Corlew team is months away from finishing a complete lobby, common area and elevator modernization. “The high-floor penthouse vacancy at Saber Centre I offers over 17,500 square feet of sweeping golf course views making it one [...]

2018-04-23T18:42:58+00:00 March 14th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Negotiates $6M Sale of Allapattah Commercial Property

The Cushman & Wakefield South Florida Commercial Team Negotiated the Disposition of the ±33,000-Square-Foot Centennial Express Building on Behalf of Centennial Express, Inc. MIAMI, FL, March 9, 2018 — Cushman & Wakefield has negotiated the sale of the Centennial Express Building, a 33,339-square-foot commercial property in Miami’s Allapattah neighborhood. The Cushman & Wakefield Capital Markets team of Miguel Alcivar and Dominic Montazemi, in conjunction with Cushman & Wakefield leasing partners Tony Jones and Frank Begrowicz, negotiated the disposition on behalf of Centennial Express, Inc. New York-based Edenderry Properties, LLC acquired the asset for $6 million ($180 per square foot). Scott Sime of Sime Realty Corporation represented the buyer. The Centennial Express Building was developed in 1945 on a ±1.7-acre parcel at 1251 NW 36th Street. The concrete block building occupies an entire city block. The property is centrally located along NW 36th Street, a main east-west arterial connecting the trendy neighborhoods surrounding Biscayne Boulevard to Miami International Airport and Doral. This location, just north [...]

2018-04-23T18:42:58+00:00 March 12th, 2018|Capital Markets, In the News, Office, Press Release, Retail|

Cushman & Wakefield Negotiates $8.2M Sale of Broward County Office Building

Richard F. Etner, Matthew G. McAllister and Merritt Etner Represented 1300 Newport Center Drive, LLC in the Sale of a 55,000-Square-Foot Medical Office Building to the University of Miami DEERFIELD BEACH, FL — Cushman & Wakefield has negotiated the sale of 1300 East Newport Center Drive, a 55,000-square-foot medical office building in the Newport Center office park. The Cushman & Wakefield team of Richard F. Etner Jr., Matthew G. McAllister and Merritt Etner negotiated the sale on behalf of 1300 Newport Center Drive, LLC. The University of Miami acquired the building for $8.2 million. 1300 East Newport Center Drive is a 55,000-square-foot, freestanding building configured for medical lab and office space. The building was developed in 1993 and features 221 parking spaces, 20-foot ceilings and one dock-high loading door. The facility, formerly occupied by Quest Diagnostics, is currently vacant. 1300 East Newport Center Drive is located on a five-acre site just south of the of the University of Miami Health System’s (UHealth) Sylvester Comprehensive [...]

2018-04-23T18:42:58+00:00 March 7th, 2018|In the News, Medical Office, Office, Press Release|

Cushman & Wakefield Represents Stock Development in Record Fort Myers Multifamily Sale

$71 Million Transaction Sets New Price-Per-Unit Record FORT MYERS, FL — Cushman & Wakefield’s Florida Multifamily Group has negotiated the sale of Spectra Apartments for $71.425 million ($220,448 per unit). The per-unit price for the 324-unit community established a new high water mark for the Fort Myers market. Led by Vice Chairman Robert Given, the Cushman & Wakefield investment sales team responsible for executing the disposition was comprised of Zachary Sackley, Neal Victor, Luis Elorza, Brad Capas and Gary Tasman. Spectra Apartments was developed and sold by Naples-based Stock Development. Stock has a long history of developing luxury single-family homes and Spectra marks its first completed multifamily asset. The property was acquired by an entity affiliated with Coastal Ridge Real Estate based in Malibu, CA. Completed in July 2017, Spectra consists of 324 luxury apartments in 12, three-story apartment buildings on 32.5-acre site. The average unit size is approximately 993 [...]

2018-04-23T18:42:58+00:00 March 2nd, 2018|Capital Markets, In the News, Multifamily, Press Release|