Golden Bear: Renovations attract new corporate HQs
South Florida Business Journal
It may be the shortest move - just three miles - but Dycom Industries is still part of a crowd of companies that will make their new home in the newly revitalized Golden Bear Plaza.
The Class A office property began a $6 million renovation and, since then, has leased nearly half the space it had vacant, or more than 55,000 square feet. Dycom is the largest of those leases, at more than 15,700 square feet.
Other new leases at the 246,000 square-foot Golden Bear Plaza include:
- Pittsburgh-based Astorino, an architecture, engineering, interior design and design/build firm expanding its business in the Southeast. Astorino designs include PNC Park, the Pittsburgh Pirates' baseball stadium; the Mellon Arena, home to the Pittsburgh Penguins; and the master plan for a redesign of Children's Hospital of Pittsburgh.
- Orlando-based Pinnacle Financial Corp., a mortgage brokerage. The company is establishing a regional office at Golden Bear Plaza.
- New York Life, for a sales office.
- Canton, Mass.-based Dunkin Donuts, for regional executive offices.
- Advanced Aeration Systems, a golf course services firm based in North Palm Beach.
Neil E. Merin, chairman of NAI/Merin Hunter Codman, which oversaw the renovation and is managing and property leasing on behalf of BPG Properties, said prospective tenants are drawn to dramatic views, private office terraces and elite roster of companies.
For example, investment firm Lebenthal & Co. leased a 6,500-square-foot office, its fourth in the state after Boca Raton, Aventura and Sarasota. The offices feature ocean and Intracoastal views with a private, 300-square-foot terrace.
"Golden Bear Plaza is in sync with the first-class image of Lebenthal - sophisticated and classy," said Philip Xanthopoulos, Lebenthal vice president. "We're excited about the location and our excellent prospects for new clientele in the area."
There have also been lease renewals for the three-building office plaza just north of PGA Boulevard on U.S. 1. Smith Barney renewed its lease for an additional decade, plus expanded to 11,500 square feet.
Existing tenants include AT&T Wireless, Jacobs Entertainment, RBC Mortgage Co. and Weitz Golf International.
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