A developer has broken ground on a Davie office building to facilitate the expansion of law firm Kelley Kronenberg.
Truist Bank provided two mortgages for a combined $15.4 million to MHKKL2, an affiliate of Boca Raton-based Equistone Partners. The developer recently paid $2.28 million to Cam 595 Lot 2 LLC, managed by Richard G. Toledo in Miami, for the 23,894-square-foot lot at 10364 W. State Road 84, just south of Interstate 595.
It’s right next to the 34,353-square-foot office building Equistone completed in 2019 and leased to Kelley Kronenberg.
Sophia Turner-Smith, chief marketing officer at Kelley Kronenberg, said Equistone is constructing a new building for the law firm that will be essentially a mirror image of its current 3-story headquarters. The only difference is there will be no café and no rooftop amenity deck in the second building.
She said the law firm signed an option to buy the neighboring property several years ago but didn’t realize it would outgrow its current space so soon. Kelley Kronenberg has increased to over 400 employees, including 200 attorneys, she said. The new building will allow it to continue adding employees, she said.
Kelley Kronenberg allows a hybrid schedule in which employees can work remotely or in the office, but many of them choose to work in person because they live fairly close by, she said.
“I hire a lot of people who live 10 minutes away,” Turner-Smith said.
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