{"id":1004707884,"date":"2024-03-27T03:13:20","date_gmt":"2024-03-27T11:13:20","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004707884"},"modified":"2024-03-27T05:36:11","modified_gmt":"2024-03-27T13:36:11","slug":"digitalbridge-signs-79-ksf-south-florida-hq-lease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/digitalbridge-signs-79-ksf-south-florida-hq-lease\/","title":{"rendered":"DigitalBridge Signs 79 KSF South Florida HQ Lease"},"content":{"rendered":"\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a320b9fcec67&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"750\" data-attachment-id=\"1004707896\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/digitalbridge-signs-79-ksf-south-florida-hq-lease\/delray-beach_70_v04_04-12-2023\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Delray-Beach_70_v04_04.12.2023.jpg\" data-orig-size=\"1000,750\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1701357899&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Delray Beach_70_v04_04.12.2023\" data-image-description=\"&lt;p&gt;The master-planned development at 22 W. Atlantic Ave. in Delray Beach, Fla.&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Sundy Village will consist of 180,000 square feet of office space and 30,000 square feet of retail. Image courtesy of Pebb Capital&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Delray-Beach_70_v04_04.12.2023.jpg?w=1000\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Delray-Beach_70_v04_04.12.2023.jpg\" alt=\"The master-planned development at 22 W. Atlantic Ave. in Delray Beach, Fla.\" class=\"wp-image-1004707896\" style=\"width:400px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Delray-Beach_70_v04_04.12.2023.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Delray-Beach_70_v04_04.12.2023.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2024\/03\/Delray-Beach_70_v04_04.12.2023.jpg?resize=768,576 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Sundy Village will consist of 180,000 square feet of office space and 30,000 square feet of retail.<em> Image courtesy of Pebb Capital<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>Digital infrastructure investment firm DigitalBridge has signed a 79,141-square-foot headquarters relocation deal at Sundy Village in Delray Beach, Fla. The owner, Pebb Capital, is expected to complete the $240 million, master-planned development in the third quarter of this year.<\/p>\n\n\n\n<p>The company will move from its current location at 750 Park of Commerce Drive in Boca Raton, Fla., to a four-story building within the 7-acre campus. The new office space will house more than 300 employees.<\/p>\n\n\n\n<p>DigitalBridge\u2019s headquarters space will be at 100 SE First Ave. in the Atlantic Avenue District, some 9 miles from downtown Boca Raton. The building will feature covered walkways, terraces and a ground-floor lobby.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-a-blend-of-historical-and-new\">A blend of historical and new<\/h2>\n\n\n\n<p>Pebb Capital acquired the site, including the historic Sundy House, in 2019 for $40 million. The developer broke ground on the six-building project last February and secured <a href=\"https:\/\/www.commercialsearch.com\/news\/delray-beach-mixed-use-project-lands-173m-loan\/\">$173 million in construction financing<\/a> from Monroe Capital and J.P. Morgan in December. A month later, the firm took out a $90 million loan also originated by J.P. Morgan Chase Bank, CommercialEdge information shows.<\/p>\n\n\n\n<p>Sundy Village will include 180,000 square feet of Class A office space, some 30,000 square feet of retail space and almost 270 underground parking spots, as well as a parking garage and EV charging stations. The campus will feature open-air courtyards, green spaces, indoor and outdoor dining areas and fitness and wellness spaces.<\/p>\n\n\n\n<p>Partners on the development include design firms Gensler and RLC Architects, along with general contractor Bluewater Builders. The project also involves the adaptive reuse of multiple historical buildings, the renovation of Sundy House and the refurbishment of a hotel, according to <em>The Palm Beach Post<\/em>.<\/p>\n\n\n\n<p>CBRE First Vice President Joe Freitas and Executive Vice President John Criddle are overseeing office leasing, while Vertical Real Estate Strategic Advisor Sara Wolfe handles the retail leasing.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">DigitalBridge\u2019s latest investments<\/h2>\n\n\n\n<p>DigitalBridge invests in firms specializing in AI-driven infrastructure solutions and next-generation digital networks. Currently, the company has $80 billion of assets under management.<\/p>\n\n\n\n<p>In January, the investment firm, together with Silver Lake, granted Vantage Data Centers a <a href=\"https:\/\/www.commercialsearch.com\/news\/vantage-lands-6-4b-equity-from-digitalbridge-silver-lake\/\">$6.4 billion round of equity<\/a>. Vantage intends to utilize its substantial land bank and invest approximately $30 billion in upcoming data center projects spanning North America and EMEA markets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new location will be part of a $240 million master-planned development.<\/p>\n","protected":false},"author":3355,"featured_media":1004707896,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1492,21742,21747,32781],"tags":[32789,40514,42812],"class_list":["post-1004707884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-miami","category-latest","category-office","category-southeast","tag-cbre","tag-digital-bridge","tag-pebb-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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