PEBB Enterprises Purchases Boca Raton Office Property for $29.85 Million

PEBB Enterprises, a private equity real estate investment company based in Boca Raton, partnered with Contrarian Capital Management to acquire the Meridian Office Center in Boca Raton. The joint venture purchased the 11.14-acre property within The Park at Broken Sound for $29.85 million, making PEBB’s third acquisition in the prestigious business park.

The 131,680-square-foot property consists of two single-tenant net leased buildings. Cross Country Healthcare occupies the 70,406-square-foot building at 6551 Park of Commerce Boulevard and Lexis Nexis occupies the 61,274-square-foot building at 6601 Park of Commerce Boulevard. Professional Bank oversaw the financing for the purchase and Christian Lee, Jose Antonio Lobon and Marcos Minaya from CBRE represented the seller in the transaction.

“Our team is constantly looking for opportunities to expand our South Florida portfolio, especially in the thriving Boca Raton office market,” Ian Weiner says, PEBB president and CEO. “We have always had great interest in properties located within The Park at Broken Sound and we are excited to be able to grow our footprint in the area.”

The Park at Broken Sound is a 700-acre mixed-use business park directly off I-95. It offers free shuttles to and from the city’s Tri-Rail station and convenient access to nearby lifestyle, entertainment and recreation centers.

PEBB Enterprises also owns the 5900 Broken Sound building leased to Infinity Sales Group and the ADT Building, which is home to the security giant’s corporate headquarters. Both buildings are in The Park at Broken Sound. Over the last year, PEBB has been highly active in the Boca Raton office market with acquisitions of the 308,305-square-foot Research Park at Florida Atlantic University and the 61,188-square-foot Eighteen Zero One Building located on North Military Trail.

Image courtesy of Aerial Imaging

You May Also Like
Puttshack Highlights Sensory Inclusion for Autism Acceptance Month

From April 1-30, Puttshack, where guests can enjoy tech-infused mini golf, food and drinks — will donate 20% of each 9-hole mini golf game booked through puttshack.com/kcfundraiser directly to KultureCity to support its mission of

Read More
The Business of Design: DCOTA Spring Market Hosts Industry-Leading Panel

“The Intricacy of Design Across Diversified Industries” event brings together top South Florida leaders on March 12.

Read More
36th Annual Celebration of Authors and Books in Fort Lauderdale

‘Literary Feast’ brings authors to raise funds for the Broward County Library system

Read More
Broward Partnership to Host Annual Salute to Leadership: “Gala in the Glades” Event

The March 29th Event plays an important role in advancing Broward Partnership’s mission to reduce homelessness.

Read More
Other Posts
A Night of Flavor and Philanthropy: Ann Storck Center’s Celebrity Chefs Event Set for May 2, 2025

Local chefs, live performances, and exclusive experiences come together for an unforgettable evening at Seminole Hard Rock.

Read More
Enjoy a Flavorful Comeback at Hereford Grill

Iconic Miami Restaurant Will Open in Spring 2025 Under the Da Silva Hospitality Banner,

Read More
Boys & Girls Club to Celebrate 14th Annual “Claws for Kids” Fundraiser on May 6

The event, held in memory of Judy Kramer at Joe’s Stone Crab, will benefit the Boys & Girls Clubs of Miami-Dade, supporting vital programs and services across its six clubs and sites.

Read More
Mutra Brings a Melting Pot of Flavors to Miami

The new North Miami restaurant by Chef Raz Shabtai brings a bold and innovative take on kosher dining, blending global flavors, fresh farm-to-table ingredients, and deep culinary traditions inspired by his Israeli heritage.

Read More