West Palm Beach, FL
CBRE and The Agency announce new office lease in Palm Beach, FL
Global real estate brokerage inks lease to open new office in South Florida
May 4, 2023
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CBRE has arranged a new office lease at 180 Royal Palm Way in Palm Beach Island, Fla., on behalf of The Agency, a global real estate brokerage.
The Palm Beach office is led by Principal of The Agency, Santiago Arana, and The Agency's Founder and CEO, Mauricio Umansky, alongside Brian Fairweather Jr. as Managing Director and Howard Elfman as Managing Broker.
This office will serve as The Agency’s permanent office in Palm Beach, replacing a temporary office used at the time of launch in Q1 of this year. In addition to this new office and their current South Florida offices in Miami’s Bal Harbour neighborhood and Naples, The Agency Palm Beach currently has approximately a dozen agents and staff with plans to strategically grow their new office with like-minded agents in the region. They will occupy space on the second floor in May.
“Our expansion in Palm Beach is an exciting chapter for The Agency as we continue to grow our presence in South Florida and across the globe,” said Santiago Arana, Managing Partner of The Agency Palm Beach and Miami.
“I am honored to be leading The Agency Palm Beach alongside Mauricio, Santiago and Howard as we continue to showcase the power of The Agency brand throughout this highly sought after region,” added Brian Fairweather Jr.
Max Pawk with CBRE represented The Agency in lease negotiations. The landlord is Frisbie Group, LLC.
“As one of the fastest-growing premier, boutique brands in the world, it was important for The Agency to find a location where they can tap into the highly affluent Palm Beach Island community as they continue growing their business across South Florida,” said CBRE Senior Associate Max Pawk.
Located steps from the ocean, this property has prime access to notable restaurants and retailers nearby, including The Breakers Hotel, Buccan Restaurant, and La Goulue Restaurant.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2024 revenue). The company has more than 140,000 employees (including Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
The Agency is an agent-first, tech-driven boutique luxury global brokerage representing clients worldwide in a broad spectrum of classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. Breaking away from the traditional brokerage model, The Agency takes a collaborative approach to the business, fostering a culture of partnership in which all clients and listings are represented in a collaborative environment. Agents and clients benefit from the shared resources and networks of the entire global team, including in-house creative, public relations and cutting-edge technology divisions. The Agency has closed more than $57 billion real estate transactions since 2011, comprising over 80 offices in ten countries, and counting, as one of the fastest-growing boutique, luxury real estate brands in the world. Watch The Agency on Buying Beverly Hills, a new real estate occu-soap highlighting the high-stakes world of luxury real estate in Los Angeles, currently streaming on Netflix.