Deerfield Beach is experiencing a surge in real estate activity, highlighted by a major $30 million financing deal for the Hillsboro Center office park and the $65 million sale of the Sun Sentinel’s printing facility. These transactions underscore the city’s growing importance as a regional hub for commerce and industry in South Florida.
Key takeaways
- Hillsboro Center secured $30 million in financing to support its repositioning as a premium office destination.
- The Sun Sentinel’s printing plant in Deerfield Beach changed hands for $65 million.
- Deerfield Beach is increasingly viewed as a strategic alternative to the high-growth markets of Boca Raton and Fort Lauderdale.
Hillsboro Center financing success
The Hillsboro Center, a Class A office park spanning over 223,000 square feet, has secured $30 million in financing through BankUnited, Inc. The borrower, Grover Corlew, has successfully repositioned the asset since acquiring it in 2019. Through a $10 million capital investment, the firm elevated the property from a pandemic-era low of 62% occupancy to a robust 97% today. The site now hosts 43 tenants across 15 different industries, offering amenities such as a state-of-the-art fitness center and a tenant lounge.
Looking ahead, the site is slated for further evolution. Developers have received approval to construct Mayla Hillsboro, a 360-unit multi-family residential project on the western portion of the property. This mixed-use approach reflects a broader trend of integrating residential and commercial spaces to maximize site utility near major transportation arteries.
Industrial sector growth
In a separate high-value transaction, the industrial real estate market in Deerfield Beach saw significant movement with the sale of the Sun Sentinel printing press facility. Located at 333 South West 12th Avenue, the 382,000-square-foot industrial complex was sold for $65 million. The buyer, 333 Deerfield Industrial LLC, acquired the property from Gramercy Property Trust, which had purchased the site a decade ago for $25.5 million.
This sale highlights the sustained demand for large-scale industrial space in the region. As businesses continue to seek proximity to major transportation corridors like Interstate 95, Deerfield Beach remains a primary destination for logistics and manufacturing operations. The city’s strategic location between Fort Lauderdale and Boca Raton continues to attract institutional investors looking for long-term value in the South Florida market.
Sources
- $30M financing arranged for Deerfield Beach, FL, office park, JLL.
- South Florida Top Real Estate Deals: July 9, 2026, The Real Deal.