Lease roundup: CP, Allen Morris, Agave score tenants

Related Fund Management, a third-party investment management affiliate of Stephen Ross’ development firm, took space at Two Town Center in Boca Raton

Two Town Center at 5355 Town Center Road in Boca Raton with CP Group’s Angelo Bianco and Chris Eachus
Two Town Center at 5355 Town Center Road in Boca Raton with CP Group’s Angelo Bianco and Chris Eachus (CP Group)

Related Fund Management, RRE Ventures, more I Two Town Center I Boca Raton

CP Group signed five new tenants for spec office suites at Two Town Center in Boca Raton.

Related Fund Management, a third-party investment management affiliate of Stephen Ross’ Related Companies; New York-based venture capital firm RRE Ventures; Chicago-based BMO Harris Bank; Boca Raton-based law firm Cordoba Legal Group; and real estate investor The Praedium Group took a combined 18,000 square feet at 5355 Town Center Road, according to a CP news release. Their offices are part of the landlord’s flexible workspaces, dubbed worCPlaces.

Existing tenant RBC Capital Markets took an additional 5,000 square feet at Two Town Center. It is now leasing the entire eight floor, spanning 14,600 square feet.

Mike Erickson of TCRE represented CP. John Criddle of CBRE represented RRE. Bob Schneiderman, who was with Colliers up until his move to Cresa last month, represented BMO. Mark Rubin and Jake Stauber of Colliers represented Cordoba. Richard Shay Coker of Douglas Elliman represented Praedium; and Kevin Landers of Cushman & Wakefield represented RBC.

CP Group is building out another six spec suites, ranging from 1,700 square feet to 3,200 square feet, across a full floor, according to the release. Completion is expected by the summer. The 11-story Two Town Center spans over 145,000 square feet.

Boca Raton-based CP Group, previously known as Crocker Partners, is led by managing partner Angelo Bianco and partner Chris Eachus.

Quest Workspaces I Alhambra Towers I Coral Gables

The Allen Morris Company leased out the entire 10th floor of its Alhambra Towers in Coral Gables.

Flexible office provider Quest Workspaces will open in the third quarter in a 22,500-square-foot space at 121 Alhambra Plaza, according to an Allen Morris news release. This will be Quest’s 13th office in Florida and New York.

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Thad Adams, Maricarmen Cabrera and Rafael del Rosal of Allen Morris represented the firm in the deals. Lance Benson of Newmark represented Quest.

Allen Morris, which has its headquarters at Alhambra Towers, is working on a $4 million renovation of the common areas. A ground-floor restaurant is expected to open this summer.

Quest Workspaces also will renovate its office’s terraces, which will be accessible to all tenants.

Allen Morris, founded in 1958 and led by CEO W. Allen Morris, developed the 16-story Alhambra Towers. The building, which spans over 400,000 square feet, was completed in 2002, property records.

Finanz Butik, Balanz USA I The Plaza Coral Gables

Agave Holdings’ pair of office towers at its The Plaza Coral Gables mixed-use development scored two new tenants, though one of them subleased its space.

Buenos Aires-based investment firm Balanz leased 8,000 square feet at the North Tower at 2811 Ponce de Leon Boulevard for its first U.S. office, according to a news release from the tenant’s broker.

Private equity firm Finanz Butik, which lists offices in Mexico City and Miami, subleased nearly 6,000 square feet for 13 years from Bradesco, formerly called BAC Florida Bank, at the South Tower.

Clay Sidner and Jeremy Hakala of Newmark represented Balanz, Finanz Butik and Bradesco.

Agave Holdings, a commercial real estate firm with projects in the U.S. and Mexico, developed the roughly 2.6 million-square-foot The Plaza on 7 acres on the southeast corner of Ponce de Leon Boulevard and Sevilla Avenue. The project includes a 242-key hotel, 174 apartments and over 160,000 square feet of retail.