DigitalBridge Signs 79 KSF South Florida HQ Lease

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.

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.

DigitalBridge’s 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.

A blend of historical and new

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 $173 million in construction financing 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.

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.

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 The Palm Beach Post.

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.

DigitalBridge’s latest investments

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.

In January, the investment firm, together with Silver Lake, granted Vantage Data Centers a $6.4 billion round of equity. Vantage intends to utilize its substantial land bank and invest approximately $30 billion in upcoming data center projects spanning North America and EMEA markets.