PRESS RELEASE: 1 E Broward’s Newest Tenants: Tech, Law, Construct & Cruise

West Palm Beach, Fla. – NAI/Merin Hunter Codman, one of South Florida’s leading commercial real estate firms, has completed nearly 33,000-square-feet of lease transactions at 1EBroward on behalf of 1 E Broward Owner, LLC, who purchased the property in the fourth quarter of 2018. The property is a Class-A, 19-story, 351,705 square foot downtown Fort Lauderdale professional office building.

1 E Broward delivers Class-A Office Space in Downtown Fort Lauderdale

NAI/Merin Hunter Codman Chairman, Neil E. Merin, SIOR, CCIM who leases the property with Associate, Maxwell Pawk stated, “It is no secret the downtown Broward office market is exploding. 1 E Broward is located on the hard corner of Andrews Avenue and Broward Boulevard, a short walk, Uber or scooter ride from the Brightline station. Its location is what drives interest in the property. It is the first-class amenities, like the property’s shuttle service, concierge and state-of-the-art fitness center that allow the property to edge above its competition.” 

Recent lease transactions include:

  • 17,000 SF lease renewal to national law firm, Hinshaw Culbertson
  • 7,000 SF lease to Mystic Cruise Lines, the Portuguese cruise expedition company’s US headquarter location
  • 5,200 SF lease to information and technology company, Beesion Technologies
  • 2,200 SF lease to national general contractor, Falcon Construction
  • 1,400 SF lease to law firm Slatkin & Reynolds

View the Full Press Release | 1 E Broward Website

Press Releases Property Management Transactions

PRESS RELEASE: NAI/Merin Hunter Codman Executes $2,725,000 Sale of Vacant Former CVS in Boca Raton

— Chairman, Neil E. Merin, SIOR, CCIM and Principal, Spencer S. Grossman represented the seller, Kimberly Estates II, LLC, in the 11,200-square-foot transaction —

West Palm Beach, Fla. – NAI/Merin Hunter Codman, Inc., Palm Beach County’s leading commercial real estate services firm, would like to congratulate its Chairman, Neil E. Merin, SIOR, CCIM and Principal, Spencer S. Grossman on the $2,725,000, $243 per square foot, sale of 10055 Yamato Road in Boca Raton. NAI/Merin Hunter Codman represented the seller, Kimberly Estates II LLC in the sale of the 11,200-square-foot former CVS building constructed on 1.30 acres. Andy Mandel a Broker with RE/MAX Advisors represented the purchaser, Nexgen Legacy Group LLC.

NAI/Merin Hunter Codman Principal, Spencer S. Grossman reported, “Our client, which had owned the property for nearly 12 years, was ready to dispose of the asset as it no longer fit their investment criteria. The day the property hit the market multiple offers were received and we were able to negotiate a great deal for our client. The property traded for just under the asking price as it is rare to find well-built buildings on hard corners in Boca Raton.”

Neil E. Merin, SIOR, CCIM, Chairman of NAI/Merin Hunter Codman added, “Maximum asset value, despite vacancy, is the highlight of this transaction. Through NAI/Merin Hunter Codman’s three decades of local market expertise we were able to correctly price and position the asset which ultimately allowed us to find the right buyer.”

The purchaser, Nexgen Legacy Group, LLC, plans to convert a portion of the property for its own businesses and build-out an executive suite operation in the remainder of the space.

CLICK HERE to view the full release.

About NAI/Merin Hunter Codman
NAI/Merin Hunter Codman, www.mhcreal.com, is one of South Florida’s leading commercial real estate services firms with over three decades of experience advising clients on strategic acquisitions and dispositions and providing landlord representation, tenant representation, property management and construction management services. The firm has expertise in all commercial property sectors including office, retail, industrial, multifamily, hotels and land. NAI/Merin Hunter Codman’s client base includes some of the nation’s most prestigious institutional and private equity investors. Operating as part of the NAI Global network, NAI/Merin Hunter Codman can facilitate property transactions around the nation and the world, serving as a single point of contact for its clients’ counsel and execution. NAI/Merin Hunter Codman is headquartered in West Palm Beach, Florida with regional offices in Boca Raton, Fort Lauderdale, Palm Beach Gardens and Wellington.

Press Releases

PRESS RELEASE PICK-UPS: 1 E Broward Sale

Several media organizations have picked up our Press Release on the sale of 1 E Broward. Details below:

South Florida Business Journal – View PDF | View Article

CoStar – View PDF

The Real Deal – View PDF | View Article

BOMA – View PDF | View Article

CRE Sources – View PDF | View Article

REBusiness Online – View PDF | View Article

South Florida Business Wealth – View PDF

Commercial Property Executive Online – View PDF | View Article

The News Funnel – View PDF | View Article

Newsmakers – View PDF | View Article

South Florida Business Journal (News in Brief) – View PDF

The Real Deal (South FL Office Market article) – View PDF

News Articles Press Releases Transactions

BROKER EVENT: Beer Tasting and Trivia Game Show

What’s better than beer and trivia? Try adding in local craft beer samples, prizes and bar bites! That was the thought for our “Brews and Buzzers” broker event at Centurion Tower in West Palm Beach on the evening of October 4th. NAI/Merin Hunter Codman hosted the event where area brokers toured spec suites, enjoyed our new digs, and were contestants in a custom trivia game show which included questions about the event and building details.

The event showcased available space at Centurion Tower, a 14-story Class-A office building on Palm Beach Lakes Blvd, just east of I-95. Newly completed spec suites are move-in ready and feature contemporary flair and flexible floor plans, with suites ranging from 1,422-2,394 SF. Click here for more details and call our office to schedule your showing today: 561 471 8000.

Events

NEWS PICK-UP: Movers & Shakers

Thanks to Katherine Kallergis of The Real Deal Miami who shared news about our recent additions in her Movers & Shakers column.

Excerpt below:

“NAI/Merin Hunter Codman brought on a slew of new brokers and accounting professionals. Alexandra Bazo joined as a commercial associate, Jeffrey Cebula as a senior associate, Jaime Chamberlin as a marketing analyst, Maxwell Pawk as a commercial associate, April Pearson as controller, Daria Salha as a property accountant and Christopher Smith as a commercial associate.”

Click here to view the PDF | Click here for the article

News Articles

PRESS RELEASE: NAI/Merin Hunter Codman Expands Team

NAI/Merin Hunter Codman expands commercial real estate brokerage and accounting divisions.

West Palm Beach, Fla. – Following its recent move into a dynamic new 10,000-square foot headquarters at Centurion Tower in West Palm Beach, Florida, NAI/Merin Hunter Codman, one of South Florida’s leading commercial real estate firms, has announced the hiring of several new professionals, growing its brokerage and accounting divisions.

Jordan Paul, Chief Executive Officer of NAI Merin Hunter Codman said, “We are thrilled to have attracted a broad and highly accomplished group of new team members. Our recent hires include both seasoned professionals and talented millennials who together bring great expertise and energy to our firm allowing us to continue to provide first-class service to our institutional and private equity clients.”

NAI/Merin Hunter Codman’s hires include five new commercial real estate brokers and two accomplished and experienced accounting professionals. NAI/Merin Hunter Codman currently represents over 5,000,000 square feet of assets throughout Florida in a property management, leasing or sales capacity.

Press Releases