Global Consulting Firm Slalom Signs 8,000 SF Lease At Sterling Bay's 545wyn

Global consulting firm Slalom will be moving into Wynwood after signing a lease at Sterling Bay and J.P. Morgan Asset Management’s 545wyn, Wynwood’s first-ever Class-A creative office building. The lease, which marks Slalom’s first office footprint in South Florida, covers approximately 8,000 square feet at 545wyn. Slalom is a $2.4 billion company with nearly 10,000 employees around the globe. The firm joins Gensler, the world-renowned architecture and design firm, and Love Life Café, a local vegan eatery, as tenants.

Sterling Bay’s Director of National Leasing, Jesse Van Dyke, negotiated the transaction. Newmark Knight & Frank’s Managing Director, Carlyle Coffin, and Executive Managing Director, Daniel Levine, represented the tenant.

“Slalom’s decision to open its first South Florida office location in Wynwood further solidifies the submarket as Miami’s next big hub for global innovation,” says Andy Gloor, Principal at Sterling Bay. “The property’s highly customized and ultramodern office features will enable Slalom to service clients in both North and Latin America, creating exposure for Wynwood in international markets and elevating the area’s reputation as an emerging destination for worldwide business.”

Slalom’s consulting services focus on strategy, technology, and business transformation with clients from top Fortune 500 companies, promising startups, established not-for-profits, and many other innovative organizations from around the world. Slalom has hired more than 50 local Miami residents since launching the Florida business and intends to hire several hundred more to build out the Florida business.

Slalom works differently,” said Beau Williamson, General Manager at Slalom. “Unlike typical consulting firms, Slalom consultants live in and are committed to the cities in which we work. We’re proud of our commitment not only to this premier office space in Wynwood, but also to the people of Miami as we hire locally to build out our business and create a positive impact on this community.”

Sterling Bay broke ground on 545wyn in January 2019 and completed the building in late 2020. Today, the 298,000 SF creative office and retail property offers future and current tenants access to large flexible floorplates and an unmatched suite of exclusive, highly sought-after healthy building amenities including a state-of-the-art wellness center, touchless elevator systems, vast outdoor lounges and high-quality air filtration systems. To reflect the artistic aesthetic of Wynwood, Sterling Bay commissioned a number of creative installations at the property, including three very prominent exterior murals, to engage local and international artists and establish a sense of place for tenants.

Nuveen Acquires LaVida Lakefront Class-A Multifamily In Miami's Blue Lagoon For $98 Million

The Chicago-based global real estate investment management company Nuveen Real Estate has acquired LaVida for $98 million. LaVida is the first Class-A lakefront multifamily apartments within the prominent Blue Lagoon corporate park. The project was developed by Pinnacle and Ascend Properties, who were also the sellers. The sale of the 272-unit apartment breaks down to $360,294 per unit.

The Cushman & Wakefield team of Robert Given, Troy Ballard, Zachary Sackley, and Mike Mulkern led the marketing efforts and brokered the transaction.

Designed by Behar Font & Partners, LaVida, which opened in 2019, consists of two eight story residential buildings containing 272 units of one, two and three-bedroom homes ranging from 728 to 1,295 SF, each with an outdoor terrace, with top floors offering magnificent south-facing views of Downtown Coral Gables. The elegant apartment residences boast a warm, natural palette with custom details including porcelain flooring throughout, dramatic designer-inspired kitchens and bathrooms, quartz counter tops, energy star-rated appliances, and full-size stackable washer and dryer. Floor-to ceiling exterior doors provide incomparable sunrise, lake and downtown city views with balcony apartments overlooking the lake.

“With the increasing demand for luxury rentals in South Florida and many returning to work in the nearby Blue Lagoon offices, we determined this was the right time to sell,” said Richard Finkelstein and Michael Wohl, partners, Ascend Properties. “LaVida’s central location caters to working professionals and business travelers as well as those looking to live the luxurious Miami lifestyle without having to sacrifice easy access to everything Miami has to offer.”

Located at 6600 NW 7th Street, adjacent to the intersection of the Dolphin and Palmetto Expressways, LaVida offers a live/work option for the 12,000+ working professionals and corporate executives in Blue Lagoon and convenient access to Downtown Miami, Miami International Airport and Doral’s growing business center. LaVida features expansive city and lake views, luxurious design curated by Venus Williams’s V Starr Interiors and a two-story resort-style clubhouse and pool.

“With first-class units, high-quality amenities and a central Miami lakefront location, LaVida continues to transform the way professionals view the Blue Lagoon community,” said David O. Deutch, co-founder, Pinnacle. “The success of LaVida represents the strength of this unique luxury lakefront product in a corporate center in the growing South Florida market.”

Unparalleled community amenities include two covered garages; dog park; two-story lakefront clubhouse with grilling stations; oversized hourglass-shaped pool and jacuzzi with a resort-style sun deck and southern exposure making it the ideal pool experience with poolside cabanas and day beds; state-of-the-art fitness facility with yoga studio and group class space; gourmet coffee bar; media room; Wi-Fi in all common areas, and more.

“LaVida is a Class-A apartment deal, fully occupied, in a high barrier to entry market with access to major employment centers such as Waterford Business District, West Doral and Miami International Airport,” said Carlos Burneo, Senior Director and Florida Housing Sector Lead at Nuveen Real Estate. “South Florida’s continuous employment and population growth is a clear match to Nuveen Real Estate’s investment strategy. We are excited to continue expanding our investments in the Waterford – Blue Lagoon market.”

“The outstanding execution quality and strong operating performance of LaVida led to significant investor demand,” noted Robert Given. “We continue to see robust activity in the market throughout South Florida.”

CI Financial To Launch US Headquarters At OKO Group and Cain International's 830 Brickell

Just one week after Microsoft announced that it would be taking 50,000 SF at 830 Brickell, CI Financial Corp., a leading Canadian asset and wealth management firm, has announced that they will open their new U.S. headquarters at the Class A-plus office tower which is under construction in the heart of Miami’s Brickell Financial District. CI Financial’s full-floor, +/-20,000 SF office will solidify 830 Brickell as the new address of choice for financial, professional services, and technology firms establishing and growing their presence in South Florida. The 55-story tower, a joint venture between OKO Group and Cain International, is scheduled for completion in 2022.

“Miami is an incredible place to establish our U.S. headquarters and support our fast-growing U.S. business,” stated Kurt MacAlpine, Chief Executive Officer of CI Financial. “It serves as the next logical step for our expansion plans as we work to build the leading wealth management platform in the country. In addition, Miami is a vibrant, multicultural city that offers a deep talent pool, an attractive location for recruiting and a very business-friendly environment. Locating at 830 Brickell puts CI at the heart of this dynamic city and its growing financial community.”

CI Financial becomes the second major financial tenant to lease space at 830 Brickell in the last few months, joining private equity firm Thoma Bravo, which recently announced plans for a 36,500 SF office in the tower. Last week, technology giant Microsoft announced plans to occupy 50,000 SF in the tower. 830 Brickell’s ownership was represented by the Cushman & Wakefield team of Brian Gale, Ryan Holtzman and Andrew Trench. CI Financial was represented by Donna Abood and Mark Robbins of Avison Young.

“We are thrilled by CI Financial’s decision to make 830 Brickell the home of its U.S. headquarters. This move demonstrates the firm’s commitment to Miami and underscores the city’s rise as a hub for global and domestic businesses. Attracting a group like CI Financial is precisely what we envisioned when we decided to develop this best-in-class office tower in the Brickell Financial District,” said Jonathan Goldstein, CEO of Cain International.

“830 Brickell has become a natural fit for new-to-market finance firms establishing a presence in Miami,” said Ryan Holtzman of Cushman & Wakefield. “Offering tenants market-leading amenities, a walkable location in the heart of the Brickell Financial District, and access to several transit options and countless shops, restaurants and residences nearby, 830 Brickell is in a league of its own – the first trophy office tower to be developed in Miami’s urban core in more than a decade, and South Florida’s only building capable of accommodating tenants in the market for core Class A-plus space.”

A 2021 analysis of Downtown Miami’s finance sector surveyed the district’s emergence as a hub for asset managers and investment advisors. A report by the Miami Downtown Development Authority (DDA) and Convergence found that the number of S.E.C.-Registered Investment Advisors (RIAs) in Downtown Miami grew from 82 in 2018 to 111 through year-end 2020, a 35% net increase. Total Reported Assets Under Management in the district more than doubled from $75 billion in 2018 to $152.4 billion during the same period.

“The steady flow of financial firms into Downtown Miami is strengthening our position as Wall Street of the South, creating job opportunities for locals, bringing new life to our city streets, and supporting existing businesses in our community,” said Miami DDA Chairman and City Commissioner Manolo Reyes. “The arrival of CI Financial reflects the Miami DDA’s ongoing pursuit of finance and technology firms across the U.S. and abroad. Each day, companies from New York, Chicago, Connecticut, California and around the world are moving or expanding to Miami and growing their businesses, hiring talent, and offering their employees an improved lifestyle along with cost savings.”

The growth of Downtown Miami has been fueled an influx of businesses, investors and people. The list of recent businesses that have expanded into Downtown Miami includes Blackstone, Pipe, Point72, Moore Capital, Founders Fund, ShiftPixy, and BlockTower Capital. Greater Downtown Miami’s residential population now stands at 115,000, a 65% increase since 2010. The district is home to a daily population of more 250,000 people and attracts nearly six million visitors annually. This activity is opening the door to new entertainment, shopping and dining options, including restaurants, retailers, cinemas, grocery stores, museums and performing arts venues.

830 Brickell was designed by renowned architecture firm Adrian Smith + Gordon Gill, with interiors by Italian architecture and design company Iosa Ghini Associati. Together with OKO Group and Cain International, the designers have anticipated how the COVID-19 pandemic will reshape the future of business by incorporating new features into the plans, including ultraviolet lighting in air filtration systems, touchless technologies, world-class health and wellness center, a rooftop bar and first-class restaurant, and more.

The tower’s amenities include a rooftop restaurant and lounge with expansive views of the City and Biscayne Bay, a world-class health and wellness center, a conference facility, an outdoor terrace, cafeìs and street-level retail. Multiple transit options are nearby, including Metrorail and Metromover, the Brightline, walking paths, cycling lanes and bay access points. Additionally, some of Miami’s top residential and lifestyle-driven neighborhoods are situated just minutes away, such as Miami’s Design District, Wynwood, Edgewater and Miami Beach.

City of Miami Beach Approves Ocean Terrace Redevelopment Plan Along North Beach Beachfront

The City of Miami Beach Historic Preservation Board has approved the Ocean Terrace Holdings (OTH) redevelopment plan and Ocean Terrace streetscape masterplan. Led by OTH principals Sandor Scher and Alex Blavatnik, the redevelopment plan includes a 20-story, 75-unit residential building, new restaurant and retail options, and a 127-room hotel that incorporates the carefully renovated and unified historic Broadmoor and Ocean Surf properties. Following years of community outreach and negotiations with the City, the approval of OTH’s redevelopment plan will revitalize this underutilized area in North Beach along Collins Avenue, between 74th and 75th Street.

“The approved plan for Ocean Terrace is more economically viable, will attract a world-class hotel operator, and will incorporate a beautifully-designed oceanfront greenspace for the entire community to enjoy,” said Sandor Scher, principal of Ocean Terrace Holdings, LLC. “We look forward to getting to work on our long-awaited project, which will restore the street-level historic architecture, transform Ocean Terrace into a lushly-landscaped oasis and give new life to this cherished beachfront.”

The approved plan includes a few recently added enhancements that will elevate the project’s hotel and residential components. To help attract a world-class hotel flag to the project, the plan adds a new hotel building with 72 rooms that will be built within previously approved height restrictions. The hotel will be managed as one operation with the historic Broadmoor and Ocean Surf hotel buildings. The hotel will include restaurants, bar, meeting rooms, fitness, spa, outdoor pool and deck, rooftop lounge, and on-site parking.

With an historically inspired design, the residential component will feature curvilinear designs reflective of MiMo style, such as curved balconies and eyebrows. Units will range in size from 2 to 5 bedrooms and feature a full complement of luxury amenities. The masterplan also calls for approximately 15,000 square feet of commercial space along Collins Avenue and approximately 3,000 square feet along Ocean Terrace.

“We are grateful to the North Beach community and City of Miami Beach for working together with us to create a vision for Ocean Terrace that incorporates historic preservation, activation of the oceanfront, and economic revitalization,” said Alex Blavatnik, principal of Ocean Terrace Holdings, LLC. “We are excited to now be able to bring that vision to life, starting with an iconic and activated public space that will belong to the City for future generations.”

The first stage of the redevelopment plan will focus on a new $15 million, five-acre public greenspace along Ocean Terrace designed by world-renowned landscape architect Raymond Jungles. The asphalt street will be converted into an active, pedestrian-focused greenspace with native trees that will provide much-needed shade. A public-private partnership with the City of Miami Beach, the streetscape plan will also offer new walking trails, water features, public seating, and a covered pavilion. A mid-block open breezeway in the Ocean Terrace development will also connect Collins Avenue retail to Ocean Terrace, allowing enhanced public access to the oceanfront. OTH will fully fund the park, with no cost to taxpayers, and will deliver the greenspace on an expedited timeline.

Construction on the public greenspace is set to begin in the third quarter 2022. Pre-construction sales for the residential building are also estimated to launch in 2022.

Affiliated Development Closes On $53 Million Loan And Begins Construction On West Palm Beach Workforce Housing Project

Fort Lauderdale-based Affiliated Development has started construction on the highly anticipated mixed-income workforce housing project, The Grand, after closing on financing. The Grand was capitalized by a $53 million first mortgage from Bank United and an investment from Affiliated Housing Impact Fund, LP and a private family office.

Located in downtown West Palm Beach between 2nd and 3rd Street along Rosemary Avenue, The Grand is walking distance to the city’s newest office complexes, shopping, dining, and entertainment venues, as well as the Brightline and Tri-Rail stations. Fit with luxury finishes, features and amenities, the 8-story building will offer 301 one and two-bedroom apartments and 9 three-bedroom townhomes with ground floor commercial space.

The Grand is being constructed by Moss & Associates and was designed by MSA Architecture. Expected completion is slated for Spring 2023.

The Grand celebrates a successful collaboration between public and private entities to address both redevelopment and housing. In December 2019, the West Palm Beach CRA and city’s Housing & Community Development department awarded the developer $15 million in various funding incentives to bridge the funding cap and help finance the project.

“Our goal is to work with our city and CRA partners to create a transformative project that ignites redevelopment activities within the CRA target area and increases the quality of life for the city’s residents,” says Jeff Burns, Co-Founder and CEO of Affiliated Development. “West Palm Beach’s leadership and staff have been amazing to work with, and we are excited to play a role in this city’s evolution.”

The project will offer downtown class-A living and rents the average resident can afford. As part of the city and CRA funding incentives, the developer agreed to restrict 2/3 of the units at various income levels starting at 80% of AMI.

“Affiliated Development’s $81 million investment into the city’s historic Northwest community represents the single largest private investment in this neighborhood’s history and will deliver much needed workforce housing for our city’s residents,” said West Palm Beach Mayor Keith A. James. “This project supports the city’s efforts to build stronger neighborhoods and to provide better connections for residents between their home and their job.”

The project supports Mayor Keith James’ “500 in 3” initiative, an effort to create 500 workforce and/or affordable housing units in West Palm Beach within three years.

West Palm Beach is experiencing a wave of new residents and economic development as the city is quickly becoming a prime financial center for firms relocating from New York and other U.S. markets.

“Recent job growth has exacerbated the housing need,” explains Nick Rojo, Co-Founder and President of Affiliated Development. “As a longtime resident, it’s especially meaningful for me to help deliver such an impactful and transformative project to the city.”

In December 2020, Affiliated Development announced the successful closing of their $125 million housing impact fund to capitalize the company’s projects and tackle the region’s workforce housing crisis, largely comprised of local public pension plans. Affiliated Development has found a niche in public-private-partnership development and have over one-thousand workforce units in the pipeline throughout South Florida.

The h.wood Group's Celebrity Hotspot Delilah Coming To Black Lion Investment Group's Brickell Bay Boardwalk

The LA-based h.wood Group will be bringing their swanky upscale celebrity hotspot concept Delilah to Miami after signing a long term lease with Black Lion Investment Group for their Brickell Bay Boardwalk restaurant space. The h.wood Group restaurant will occupy 10,716 SF of space on the mezzanine level at 801 Brickell Bay Drive and will offer guests a lavishly decorated dining room, a speakeasy-inspired lounge, private elevators and dedicated valet parking to enhance their modern-day supper club experience. The restaurant being designed by Kobi Karp as the architect is scheduled to open in April 2022.

“Delilah is exactly the kind of tenant we had in mind when we imagined the potential of the Brickell Bay Boardwalk development. The h.wood Group has been remarkably successful in attracting the most stylish and tasteful people, including world-famous celebrities, to its lively, social Roaring 20s atmosphere at its restaurants in Los Angeles and Las Vegas. It takes the right concept to stand out in Miami’s thriving culinary and nightlife scene, and I’m thrilled to welcome what will be a sure favorite among Miami’s discerning residents and visitors to Brickell’s newest waterfront dining and entertainment hub,” said Robert Rivani, President of Black Lion.

Fabio Faerman and Sebastian Faerman of FA Commercial, arranged the leasing of the 10,716 SF mezzanine space. They represented the landlord, Black Lion and Newmark along with Reid Heidenry of ONE Sotheby's International Realty represented the tenant, h.wood Group, in the transaction. FA Commercial also represented Black Lion in leasing the corner space of the Brickell Bay Boardwalk and are currently leasing the final space in the newly redeveloped boardwalk.

Brickell Bay Boardwalk is one of several of Black Lion’s recent developments in the Miami market. In recent months, the company has invested a total of roughly $40 million dollars in projects located in Miami’s most coveted neighborhoods. The company’s South Florida portfolio includes the newly redeveloped Wynwood Jungle, the Amara at Paraiso waterfront restaurant in Edgewater and the restaurant space on the ground level of the SLS LUX Brickell, the last two of three were arranged by FA Commercial.

“With the right investments, Miami is poised to evolve into the Manhattan of the South over the coming years. I’m betting big on the Miami market not just because I see the value in its limitless potential, but because it’s the kind of place I enjoy doing business and visiting. Brickell’s dining and nightlife scene is on a particularly exciting trajectory, so I’m stoked to be part of introducing another sensational concept to the market,” added Rivani.

Delilah’s Miami venue will be the third Delilah location and The h.wood Group’s first restaurant on the east coast. The restaurant group also operates Delilah Las Vegas, in the Wynn Las Vegas, which opened in early July 2021, in addition to the original restaurant in Los Angeles.

The h.wood Group is a Los Angeles based hospitality and lifestyle company with a diversified portfolio of upscale nightlife & restaurant venues. The h.wood Group was established in 2008 and today their portfolio includes 13 venues in Los Angeles including Delilah, The Nice Guy, Harriet’s and Bootsy Bellows; as well as Delilah Las Vegas. In addition to Miami the h.wood Group is expanding to Aspen, Nashville, Toronto and Brooklyn.

Images via Black Lion Investment Group and FA Commercial | Renderings by The h.wood Group

Victory Investments Group Acquires Hotel Astor In Miami Beach For $12.75 Million

Victory Investments Group has acquired the art deco Hotel Astor on Miami Beach for $12.75 million, $304,000 per key, in an off market deal. The Susan Gale Group with ONE Sotheby’s International Realty, which specializes in hospitality transactions, represented both sides of the transaction. Hotel Astor is located at 956 Washington Avenue in the heart of South Beach and was not in operation at the time of sale. The property features a swimming pool and 4,000+ square-foot restaurant space. Victory Investment Group plans to breathe new life into the shuttered 42-room, three story hotel which was built in 1936 and designed by T. Hunter Henderson. According to Gale, the property will undergo extensive renovation, bringing the price per key to $500,000. Over the years Hotel Astor has been at the center of an alleged EB-5 fraud and two bankruptcy filings.

Images via The Susan Gale Group, ONE Sotheby’s International Realty

Microsoft Leases 50,000 SF Of Office Space At OKO Group and Cain International's 830 Brickell

Microsoft has announced that it is opening a new office by leasing approximately 50,000 square feet at 830 Brickell, the first stand-alone Class A+ office tower to be developed in the City’s Brickell Financial District in over a decade. The developers of 830 Brickell, OKO Group and Cain International, were represented by the Cushman & Wakefield team of Brian Gale, Ryan Holtzman and Andrew Trench. Microsoft was represented by Alexander Brown, Executive Vice President with Colliers International.

“I am excited to share that our Microsoft Latin America regional team has a new future home at 830 Brickell in Miami. This space will become our new regional hub in addition to supporting other Microsoft businesses. This move will unite employees across multiple locations supporting collaboration, inspiration, and productivity. The new location will also serve as a bridge to deepen relationships with our customers while navigating the ever-changing hybrid work environment and maintaining Microsoft’s high standards around sustainability and accessibility,” said Mariana Castro, Vice President, Sales, Marketing and Operations, Latin America at Microsoft in a LinkedIn statement.

“Bringing Microsoft to the Brickell Financial District is a huge step forward for Miami and our team’s ongoing campaign to populate 830 Brickell office tower with best-in-class users from the technology, finance, and corporate sectors. Microsoft’s 50,000 square foot lease represents new-to-market leasing activity for Miami’s Class A market at a time when a growing number of companies around the world are looking to establish or expand their footprint in South Florida. Once the decision-makers at these firms settle on Miami, 830 Brickell’s location, access, amenities, and technologies make it the logical choice,” said 830 Brickell developers Vlad Doronin, CEO of OKO Group and Jonathan Goldstein, CEO of Cain International in a statement.

Microsoft is the latest example of a global tech firm expanding to Downtown Miami, further validating 830 Brickell as the address of choice for inbound companies. Microsoft becomes the second major corporation to lease space at 830 Brickell this year, joining tech-focused private equity firm Thoma Bravo, which is taking 36,500 square feet in the tower.

“The news that Microsoft is headed to Downtown Miami is rocket fuel for our City’s growth as a technology hub that’s capable of attracting the largest firms in the world,” said Manolo Reyes, City of Miami Commissioner and Chairman of the Miami Downtown Development Authority. “Microsoft’s office in the Brickell Financial District will be a magnet for other tech firms and the businesses that serve them, and that activity will have a direct impact on our Miami economy. The Miami DDA has been recruiting tech companies dating back nearly a decade, and the arrival of Microsoft will prove invaluable when it comes to showcasing the benefits of doing business in Downtown Miami,” said Manolo Reyes, Chairman of the Miami Downtown Development Authority (DDA).

830 Brickell is a Class A-plus office tower now under construction in Miami’s Brickell Financial District, representing a joint venture between OKO Group and Cain International. Slated for delivery in 2022, the 55-floor, 640,000 square foot tower was designed by renowned architecture firm Adrian Smith + Gordon Gill, with interiors by Italian architecture and design company Iosa Ghini Associati. Building amenities will include a world-class health and wellness center with panoramic views, a first-class restaurant and open-air rooftop lounge, a private conference facility for tenants, and 24-hour concierge service.

Renderings via OKO Group/Cain International

Acqualina Resort & Residences Awarded #1 Hotel Ranking In 10Best Readers' Choice Awards By USA Today

For the fifth consecutive year, Acqualina Resort & Residences has been recognized as the Best Waterfront Hotel in the United States in the 10Best Readers’ Choice Awards by USA Today.

“We are honored to be recognized by our esteemed guests and readers of USA Today as the #1 Best Waterfront Hotel in America,” said Deborah Yager Fleming, CEO & Partner. “During these challenging times of COVID-19, we have worked very hard to achieve and maintain a high level of excellence all with a focus on creating the most exceptional luxury experiences while welcoming guests safely.”

A panel of experts partnered with USA Today’s 10Best editors to select the initial 20 nominees in the two categories, and the top 10 winners were determined by popular vote.

In addition to the USA Today award, Acqualina also received the Forbes Five Star Award for both the hotel and spa for the ninth consecutive year and the AAA Five Diamond for the 13th consecutive year. Along with these prestigious accolades, US News and World Report named Acqualina the #1 Best Resort in the Continental US in their annual Best Hotel Awards and TripAdvisor recognized the resort as the #1 Luxury Beachfront Hotel in the Continental US.

Acqualina Resort & Residences is where the charm of a Mediterranean villa meets elegance on the beach. The lush grounds feature red couches set on Seashore Paspalum grass and are dotted with signature red umbrellas. A seaside luxury haven located on 4.5 beachfront acres in pristine Sunny Isles Beach, Acqualina Resort features 98 impeccably appointed guest rooms and suites and 188 residences with breathtaking views of the Atlantic Ocean, world-class dining including Il Mulino New York, the alfresco Costa Grill and the new Ke-uH Japanese restaurant, three oceanfront swimming pools, spacious meeting rooms and an innovative marine biology-based children’s program.

A variety of lavish interior and exterior venues provide an ideal background for opulent weddings and memorable events. Acqualina Spa by ESPA, the first ESPA-branded spa in the United States, provides guests with an exquisite 20,000-square-foot, two-story tranquil sanctuary of excellence and relaxation. A family-owned and operated property, Acqualina is a recipient of the coveted Forbes Travel Guide Awards for both the hotel and spa and the AAA Five Diamond Award.

Images via Acqualina Resort & Residences

DePuy Synthes Product, Inc. Leases Palm Beach Gardens Office Space Expanding South Florida Footprint

DePuy Synthes Product, Inc., a Johnson & Johnson company, and a leading global provider of Orthopedics products, is expanding its presence in South Florida after signing a a 9,481 square foot lease at 4400 Northcorp Parkway in Palm Beach Gardens, Florida. DePuy Synthes Product, Inc. will occupy the build-to-suit space on the 2nd floor of the office building. DePuy Synthes Product, Inc. is slated to take occupancy in September 2021. 4400 Northcorp Parkway is owned by Alchemy-ABR Investment Partners, a fully integrated New York based real estate investment firm, together with its joint venture partner, Breakers Capital Partners, a Miami based real estate investment firm.

Alchemy-ABR Investment Partners was represented by Gavin Loughlin of Greenberg Traurig and Anthony Librizzi of Cushman & Wakefield in the transaction. DePuy Synthes Product, Inc. was represented by CBRE.

“4400 Northcorp Parkway is an ideal office setting for the most competitive industries and organizations and this lease is indicative of the strength of South Florida’s overall office leasing market,” said Brian Ray, Co-Founder and Managing Partner of Alchemy-ABR Investment Partners. “We’re committed to our tenants and are looking forward to welcoming DePuy Synthes Product, Inc. to 4400 Northcorp Parkway.”

4400 Northcorp Parkway is part of the larger office park, 4200-4400 Northcorp Parkway, that consists of two Class-A office buildings totaling 115,000 square feet. Completed in 1996, 4200-4400 Northcorp Parkway features extensive capital improvements including renovated, premium office fit-outs, contemporary base building lobby and common areas, as well as modern mechanical and roofing systems.

Located in the center of Palm Beach Gardens, the property enjoys convenient access to Palm Beach, Broward and Miami-Dade Counties and has attracted a diverse tenant base, further showcasing South Florida’s dynamic market. Alchemy-ABR Investment Partners and Breakers Capital purchased 4200-4400 Northcorp Parkway in 2016 and is currently renovating the lobby space of the 4200 Northcorp office building. The two firms jointly own additional commercial real estate assets across South Florida including 6111 Broken Sound Parkway in Boca Raton, Florida.