CP Group, a premier owner, operator, and developer of office and mixed-use projects throughout the Southeast and Southwest United States, today announced the execution of four new office leases at One Boca Place, its 280,000-square foot Class-A office building located at the cornerstone of Glades Road.

The new leases – three new tenants and one renewal – total over 26,000 square feet. All four tenants are prominent regional and national law firms – Weiss Serota, Gray Robinson, Holland & Knight, and Furr & Cohen P.A.

Weiss Serota will occupy 12,000-square-feet at One Boca Place as part of an expansion from their existing Boca Raton location. Holland & Knight is new-to-market and Gray Robinson relocated from Mizner Park.

“We are excited to welcome these tenants to One Boca Place,” said John Osborne, Senior Vice President at CP Group. “These companies will benefit from our recent amenity upgrades and the building’s prime location in one of Boca Raton’s most desirable submarkets.”

TCRE executed all leasing efforts on behalf of CP Group, led by Laurel Oswald, Jon Blunk, and Cristina Glaria.

Immediate Leasing Success Following Upgrades & Amenitizations 

This leasing activity immediately follows the completion of widespread renovations to build on the existing reputation of One Boca Place as an iconic, Class-A destination for best-in-class businesses. Over the last year, CP Group has invested $3 million in the property, adding a state-of-the-art conference center and high-end gym with premium equipment – including Peloton bikes – as well as a locker room with showers.

CP Group also added three high-end, turnkey spec suites to the building as part of their worCPlaces flexible workspace program, offering tenants an immediate move-in experience with a high level of flexibility to accommodate their fast-evolving needs.

“The recent leasing activity at One Boca Place is indicative of the favorable trends we’re seeing the office market today. Boca Raton is benefitting from both new to market companies and firms that are not only returning to the office but in some cases expanding their operations,” said Laurel Oswald, Executive Director at TCRE. “CP Group’s recent renovations and addition of high-end amenities have further elevated the tenant experience at the building and played an instrumental role in attracting prestigious office tenants.”

One Boca Place, which CP Group acquired in 2018 is situated within West Boca’s highly affluent and bustling business environment. It is conveniently located between two major highways and is within walking distance of numerous shopping and dining options – including Town Center Mall, Houston’s, Seasons 52, and Abe & Louie’s.

Leasing Activity to Match CP Group’s Transactional Trajectory

CP Group has been exceptionally active in the office market this year. The firm announced its entry into the Denver, Colorado market with the acquisition of Granite Tower – a 31-story office tower, in a joint venture with The Related Companies earlier this month and re-entered the Houston, Texas market with the acquisition of 5 Post Oak Park in August. In total, the firm has completed transactions of nearly $2 billion so far in 2021.

CP Group, formerly known as Crocker Partners, is one of the country’s premier owner-operators and developers of commercial real estate. The organization now employs nearly 200 employees and has a portfolio spanning more than 14 million square feet.