PLANTATION OFFICE BUILDING GAINS FOUR NEW TENANTS

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Companies involved with energy, money, tech and tourism have secured space in an eight-story office building in Plantation.

The new leases amount to about 16,000 square feet of office space at 900 South Pine Island Road in Royal Palm II. The landlord, an affiliate of Dallas-based Lincoln Property Company, was represented by Tere Blanca, Danet Linares, and Nicole Kaiser of Blanca Commercial Real Estate.

Taking the largest share of office was Atlas Renewable Energy, a company that builds, finances, and develops clean energy solar and wind projects, mainly in South America, and has offices in Spain, Chile, Brazil, and Colombia. Atlas closed on a 6,686-square-foot office lease that Atlas now lists on its website as its headquarters. Atlas’ HQ was previously located at 1212 Brickell Avenue.

Osaic Wealth, Inc., a Phoenix-based wealth management solutions company with offices across the U.S., took a 3,748-square-foot office. Last year, Osaic acquired Lincoln Financial Group for about $650 million. Osiac now has $700 billion in assets under administration and more than 11,000 affiliated financial professionals, the company’s website stated.

The Nassau & Paradise Island Promotion Board, which promotes hotel and convention packages on the two Bahamian islands, took a 3,010-square-foot office. The board will relocate from an office 1,600 feet away in the Cornerstone One building at 1200 Pine Island Road in Plantation.

And WeFi Technology Group, a Colorado-based fintech company that offers supply chain finance solutions, will take a 2,554-square-foot space.

None of the tenants immediately returned inquiries for comment.

Blanca Commercial also announced it secured lease renewals for four tenants occupying the neighboring Royal Palm I building at 1000 South Pine Island Road. They are Brookfield Corporation (35,000 square feet), Robert Slack, LLC (2,441 square feet), NCS Pearson (1,672 square feet), and Jamestown (989 square feet).

Built in 2008, both office buildings underwent significant upgrades this year that included on-site food and beverage options, a 50-person conference facility, and a tenant-only fitness center. The facility also has complimentary parking for tenants and designated food truck and farmer’s market days, Blanca CRE stated. Available office space for 900 and 1000 S.Pine Island Road were listed on Loopnet.com for $29.50 per square foot at triple-net, not including utilities, property expenses, or building services.

The office park was acquired for $128 million by TR Royal Palm Corp., an affiliate of Lincoln Property Co.’s LPC Realty Advisors, in August 2024.

BLANCA CRE DRIVES OVER 56,000 SF OF LEASE ACTIVITY AT ROYAL PALM OFFICE PARK

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Blanca Commercial Real Estate, Inc. announced new leases and renewals totaling 56,100 square feet at Royal Palm Office Park in Plantation.

The activity includes a significant lease renewal with Brookfield Corporation, a global leader in financial services, underscoring the ongoing demand for high-quality office space in South Florida.

Key lease transactions include:

Royal Palm I at 1000 South Pine Island Road

  •   Brookfield Corporation: 35,000-square-foot renewal
  •   NCS Pearson: 1,672-square-foot renewal
  •   Robert Slack, LLC: 2,441-square-foot renewal
  •   Jamestown: 989-square-foot renewal

Royal Palm II at 900 South Pine Island Road

  •   The Nassau Paradise Island Promotion Board: 3,010-square-foot new lease
  •   WeFi Technology Group: 2,554-square-foot new lease
  •   Atlas Renewable Energy USA, LLC: 6,686-square-foot new lease
  •   Osaic Wealth, Inc.: 3,748-square-foot new lease

The property’s owner completed significant upgrades in 2024, including a fresh, modern exterior with new white paint, luxurious executive conference and lounge areas as part of the building’s newly built and fully leased spec suite program on the 6th floor of Royal Palm II, and a refreshed outdoor seating area, to elevate the tenant experience. This is proving to be successful in driving more businesses to Royal Palm Office Park, which offers 465,000 square feet of lakefront Class A office space.

Lincoln Property Company serves as the investment advisor and property manager for the property, partnering with the Blanca leasing team, which includes Tere Blanca, Founder, Chairman, and CEO; Danet Linares, Executive Vice Chairman; and Nicole Kaiser, Associate Vice President.

“Royal Palm Office Park’s leasing momentum is a testament to its enduring appeal as Plantation’s premier business address,” said Linares. “Brookfield’s lease renewal, alongside other significant transactions, underscores the demand for refined, premium office spaces with extensive and upgraded amenities,” she added. “Today’s employers are focused on providing premium workplace environments to attract and retain talent. The recently completed enhancements reflect the owner’s commitment to meet these needs and reinforce Royal Palm Office Park as a leading business hub in Broward County.”

In addition to Royal Palm Office Park’s recently completed renovations, tenants enjoy convenient access to on-site food and beverage options, including designated days for food trucks and local farmer’s markets; a 50-person state-of-the-art conference facility; a tenant-only fitness center; as well as complimentary garage parking with two entry points from South Pine Island Road and Peters Road, ensuring ease of access for employees and visitors.

With a single tenant floor remaining available for lease, Royal Palm Office Park is well-positioned as a premier destination for businesses seeking high-quality office space in the heart of Plantation.