Newmark to Spearhead Office Leasing at the Reimagined One Park Place, in Boca Raton, Florida

July 9, 2025 9:00 AM

Newmark announces the company has been retained as the exclusive leasing agent for One Park Place, a 237,331-square-foot office complex in Boca Raton, Florida. The assignment follows the asset’s recent acquisition by Ontario-based investment firm AXIA GeoCapital, its first acquisition in Boca Raton. The Newmark team, led by Senior Managing Director Jeremy Hakala and including Managing Director Matt Himmelsbach and Director Brandon Shores, will lead leasing efforts on behalf of ownership.

“The market understands One Park Place has immense potential and we’re excited to be involved in its transformation,” said Hakala. “We welcomed this assignment based on our belief in AXIA GeoCapital and its vision for the property, which we feel aligns perfectly with the growing demand in Boca Raton.”

AXIA GeoCapital – the first new ownership at the property in 35 years – is implementing a full-scale repositioning of One Park Place, fueled by a $10 million capital investment aimed to realize its vision for a world-class office destination. Architectural firm HdA will design the project, which includes a remodeled façade, new drive port and entrance and 30,000 square feet of new amenities on the ground floor. The reinvestment signals a commitment to redefining the property’s identity, elevating both its physical environment and its role within the region’s evolving business landscape.

“One Park Place represents more than a milestone for our firm—it’s an opportunity to help shape the future of the live-work-play concept in Boca Raton,” said Nickolas Georghiades, Founder and Principal of AXIA GeoCapital. “This marks a turning point, and with meaningful capital and Newmark’s expertise, we’re committed to a thoughtful transformation that redefines its place in the market.”

Located at 621 Northwest 53rd Street, One Park Place comprises a seven-story office tower and an adjacent five-story parking facility at 601 Northwest 53rd Street, situated within the Park at Broken Sound development and offering immediate access to I-95, premier residential communities and retail destinations. The building features high-quality infrastructure, expansive floorplates and new planned onsite amenities including a professionally designed lobby, café, golf simulators, business theater, modern conference facilities and a furnished executive suite center.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended March 31, 2025, Newmark generated revenues of over $2.8 billion. As of March 31, 2025, Newmark and its business partners together operated from 165 offices with approximately 8,100 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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