CP Group

https://cpgcre.com

CP Group is a privately held, vertically integrated commercial real estate firm and value-add investor, founded in 1986. Headquartered in Boca Raton, Florida, the company's core mission involves acquiring, repositioning, and operating office and mixed-use properties to enhance tenant experience and maximize asset value. The firm maintains additional offices in key markets including Atlanta, Dallas, Denver, Jacksonville, Miami, and Washington, D.C..

The company specializes in a range of services including asset management, property management, construction management, general contracting, and leasing. CP Group focuses on high-growth Sunbelt markets across the Southeast and Southwest United States, applying its market expertise to deliver experience-driven environments. The firm has acquired, repositioned, and operated over 170 properties, totaling more than 64 million square feet and valued at over $8 billion.

Recent activities include the consideration of a public-private partnership for the former CNN Center in Atlanta, with CP Group contributing to renovations and operations. In January 2026, CP Group unveiled a mixed-use master plan for the redevelopment of Piedmont Center in Atlanta and, in partnership with Cross Ocean Partners, acquired an eight-building Central Florida office portfolio for $96 million. The company also secured the relocation of D-Wave's global headquarters to its Boca Raton Innovation Campus (BRiC) in early 2026. Angelo Bianco serves as Founding and Managing Partner, with Chris Eachus as Founding Partner and Brett Reese as Partner & Chief Investment Officer.

Latest updates

FC Barcelona's Miami HQ Signals Sunbelt Office Revival

Event summary

  • CP Group leased approximately 50,000 square feet at One Biscayne Tower in Miami, securing five new tenants and two lease renewals.
  • FC Barcelona relocated its North American headquarters from New York to a 2,410-square-foot space within the tower.
  • Reimagined Parking, a major parking network, established its first physical location with a 3,183-square-foot lease.
  • CP Group recently completed a multimillion-dollar capital improvement program at One Biscayne Tower, including a new conference center and fitness club.
  • Lease renewals were secured with Goldberg & Rosen (12,628 sq ft) and CMA CGM (20,173 sq ft).

The big picture

CP Group's leasing activity at One Biscayne Tower underscores the ongoing trend of companies relocating to the Sunbelt, driven by factors like lower costs and favorable tax climates. The addition of FC Barcelona, a globally recognized brand, signals a potential shift towards attracting diverse tenant profiles. With an $8 billion portfolio, CP Group's success in Miami will serve as a bellwether for other office owners seeking to capitalize on this regional migration.

What we're watching

Tenant Profile
The presence of FC Barcelona suggests CP Group is targeting a broader tenant base beyond traditional office users, potentially impacting leasing strategies and building amenities.
Sunbelt Trends
Whether the influx of companies relocating to Downtown Miami, as indicated by this leasing activity, can be sustained amidst broader economic uncertainties and rising interest rates.
Amenity Impact
How the recently completed capital improvements at One Biscayne Tower, particularly the new amenities, will affect tenant retention and attract further high-profile leases.

CP Group's TOBY Awards Highlight Miami-Dade Office Repositioning

Event summary

  • CP Group won four 2025 BOMA Miami-Dade TOBY Awards, including honors for Miami Tower (renovated building) and Building 7300 at The Landing at MIA (office building).
  • Two CP Group employees, Sammy Fadraga (Chief Engineer) and Rashawn Pascal (Assistant Property Manager), received individual awards.
  • Miami Tower's renovations included a redesigned arrival, Sky Lobby, and Sky Terrace, now available for events.
  • CP Group manages over 64 million square feet of office and mixed-use properties across the Sunbelt, with a portfolio valued at over $8 billion.
  • The Formula E Miami E-Prix activation at Miami Tower featured ABB and Usain Bolt.

The big picture

CP Group's TOBY Awards highlight a strategic focus on repositioning existing office assets and enhancing tenant experience, a common approach for owners seeking to combat vacancy rates in the current environment. The awards, particularly for Miami Tower, underscore the importance of experiential amenities in attracting and retaining tenants. The firm's substantial portfolio and geographic reach suggest this strategy could be replicated across the Sunbelt, but its effectiveness will depend on broader economic conditions and tenant demand.

What we're watching

Tenant Demand
The success of the Sky Lobby and Sky Terrace events suggests CP Group is attempting to create destination-like amenities, but whether this strategy can consistently drive tenant retention in a softening office market remains to be seen.
Operational Efficiency
The recognition of individual team members underscores the importance of operational excellence; tracking employee retention and training programs will be key to sustaining this level of performance.
Capital Allocation
Given the multimillion-dollar investment in Miami Tower, monitoring CP Group’s capital allocation strategy across its portfolio will be important to assess its appetite for similar repositioning projects in other markets.

CapRock Leasing Surge Signals Bethesda Office Revival

Event summary

  • CP Group and DRA Advisors secured over 32,000 square feet of leases at CapRock in Bethesda, Maryland, over the past six months.
  • The property, formerly Democracy Center, is a 709,313-square-foot Class-A office campus comprising three buildings.
  • Recent deals include new leases, renewals, expansions, and relocations, with tenants including FVLCRUM Partners, T-Rex Solutions, and Avenue Wealth Management.
  • CP Group has completed a multi-million-dollar repositioning of CapRock, including a redesigned lobby, amenity spaces, and a 'worCPlaces' spec suite program.
  • A second floor of spec suites is currently under development, with two already preleased.

The big picture

The leasing activity at CapRock demonstrates a potential rebound in the Bethesda office market, which has faced headwinds in recent years. CP Group’s repositioning strategy, coupled with DRA Advisors’ investment, signals a bet on the long-term viability of Class-A office space in the DMV region. This success could serve as a template for other owners-operators seeking to revitalize older office assets in a changing work environment, though the broader office market remains sensitive to macroeconomic conditions and remote work trends.

What we're watching

Spec Suite Demand
The rapid preleasing of the second floor of spec suites suggests continued strong demand for move-in-ready office space, but whether this pace can be sustained as the market evolves remains to be seen.
Capital Deployment
CP Group’s success at CapRock hinges on its ability to replicate this repositioning strategy across its broader Sunbelt portfolio, requiring careful allocation of capital and a keen understanding of regional market dynamics.
Tenant Retention
While new leases and expansions are positive, the long-term success of CapRock will depend on retaining existing tenants like T-Rex Solutions, demonstrating the ongoing value of the upgraded amenities and placemaking efforts.

CP Group Repositions CNN Center as Downtown Atlanta Hub

Event summary

  • CP Group is reopening the former CNN Center in Atlanta as ‘The CTR’ in May 2026, transforming it into a mixed-use destination.
  • The project includes a 24,000-square-foot ‘CTR Food Works’ dining destination featuring 12 restaurants and the city’s largest bar, led by Robert Montwaid.
  • Mastro’s Ocean Club, a high-end steak and seafood restaurant, is leasing 8,200 square feet on the ground floor.
  • CP Group has invested $50 million in exterior renovations and $15 million in atrium work, with an arts and culture platform, ‘CTR Culture,’ also expanding.
  • The CTR will serve as the official headquarters and volunteer hub for the Atlanta FIFA World Cup 2026.

The big picture

CP Group’s repositioning of the CNN Center represents a broader trend of repurposing large, single-tenant properties into mixed-use destinations to cater to evolving consumer preferences and revitalize downtown areas. This $65 million project, part of CP Group’s $8 billion+ portfolio, aims to create a ‘third place’ for Atlantans, a shift away from the building’s previous role as a corporate headquarters. The project’s success will be a bellwether for similar redevelopment efforts in other cities facing vacancies in landmark buildings.

What we're watching

Consumer Traffic
The success of The CTR hinges on attracting consistent foot traffic from locals, tourists, and event attendees, which will be critical for the viability of CTR Food Works and other retail tenants.
Leasing Velocity
The pace at which remaining spaces are leased will indicate the overall appeal of the repositioned asset and the effectiveness of Hines’ leasing strategy.
Event Dependency
The CTR’s reliance on events like the FIFA World Cup creates a risk; sustained performance post-event will require demonstrating broader appeal beyond temporary boosts.

Houston Office Tower 5POP Secures 50,000 SF in Leasing, Driven by Flexible Workspace Demand

Event summary

  • CP Group secured approximately 50,000 square feet of new leases at 5POP in Houston, a 566,773-square-foot Class A office tower.
  • Xceed Office, a provider of executive office suites, signed a 22,450-square-foot lease, relocating from Katy, Texas.
  • The leasing activity follows a $12 million capital improvement program completed by CP Group.
  • CP Group is planning to deliver three new spec suites by summer 2026 to meet ongoing demand.

The big picture

CP Group’s leasing success at 5POP underscores the ongoing shift towards flexible, amenity-rich office spaces, even in a market like Houston where remote work has impacted traditional occupancy. With a portfolio exceeding 64 million square feet, CP Group’s strategy of repositioning older assets through capital improvements and flexible workspace offerings appears to be resonating with tenants seeking updated environments. The firm’s focus on ‘worCPlaces’ aligns with a broader trend of landlords catering to evolving tenant needs and prioritizing move-in-ready solutions.

What we're watching

Tenant Retention
The success of CP Group’s ‘worCPlaces’ flexible workspace offering will be critical to sustaining occupancy rates and justifying the $12 million renovation investment.
Dining Concept
The performance of Mack Allen’s restaurant will influence 5POP’s ability to attract and retain tenants seeking an elevated workplace experience.
Spec Suite Demand
The pace at which CP Group can lease the three new spec suites planned for delivery in summer 2026 will indicate the continued strength of demand for move-in-ready office space in the Galleria/Uptown district.

CP Group, Time Equities Acquire Denver Place in Off-Market Deal

Event summary

  • CP Group and Time Equities jointly acquired Denver Place, a 930,020-square-foot mixed-use office property in Denver’s Central Business District.
  • The acquisition was completed as an off-market transaction.
  • Denver Place is adjacent to Granite Tower, CP Group’s previous Denver acquisition in 2021.
  • The property includes a three-level, subterranean parking garage with 968 spaces and was recently upgraded with $20 million in capital improvements.
  • CP Group plans to implement its Tenant Experience program and focus on placemaking initiatives at Denver Place.

The big picture

CP Group’s acquisition of Denver Place, alongside Time Equities, represents a significant expansion of their footprint in the Denver market, bringing their total holdings in the area to nearly two million square feet. This move underscores a bet on the ongoing revitalization of downtown Denver and a strategy focused on creating experience-driven environments to differentiate their properties. The off-market nature of the deal suggests a competitive landscape and potentially attractive pricing, but also introduces execution risk related to integrating a new asset.

What we're watching

Tenant Retention
The success of CP Group’s placemaking and Tenant Experience program will be critical to maintaining occupancy rates in a market facing evolving tenant demands.
Market Dynamics
The revitalization of the 16th Street Mall and the broader downtown Denver area will influence Denver Place’s appeal and ability to attract and retain tenants.
Capital Deployment
The partnership’s ability to execute on planned improvements and generate returns will determine the long-term success of this investment, given the substantial capital already deployed.

CP Group Bets Big on Mixed-Use, Revamps Atlanta's Piedmont Center

Event summary

  • CP Group unveiled a master plan to redevelop Piedmont Center, a 2.2 million-square-foot, 14-building property in Atlanta’s Buckhead district.
  • The redevelopment will transform the property into a mixed-use destination with a focus on retail and dining, including a street-level retail corridor with at least six restaurants.
  • CP Group has completed 83,000 square feet of recent leasing activity, including expansions by Buckhead Investment Partners and renewals by ScottMadden, Inc.
  • The firm plans to deliver approximately 42,000 square feet of move-in-ready spec suites to address tenant demand.
  • CP Group acquired the property in June 2025 and has already implemented early improvements like LiveWire Coffee and food truck programming.

The big picture

CP Group's strategy reflects a broader trend among office landlords to diversify offerings and create destination-like environments to combat declining occupancy rates and tenant preferences for flexible, amenity-rich spaces. With an $8 billion portfolio, CP Group’s Piedmont Center redevelopment represents a significant bet on the viability of this mixed-use model in a key Sunbelt market. The firm's track record of repositioning assets like the CNN Center suggests a degree of expertise, but the scale of this project introduces new challenges.

What we're watching

Tenant Demand
The success of the mixed-use strategy hinges on attracting and retaining tenants willing to pay a premium for the enhanced amenities and retail offerings, especially given broader office market headwinds.
Execution Risk
The ambitious redevelopment plan carries execution risk, particularly concerning construction timelines, cost overruns, and the ability to deliver the promised retail and amenity experience.
Market Dynamics
How the broader Buckhead office market responds to the repositioning will be critical; a slowdown in demand could impact CP Group’s ability to lease the space at desired rates.

CP Group Bets on Mixed-Use to Revive Atlanta Office Hub

Event summary

  • CP Group unveiled a master plan to redevelop Piedmont Center, a 2.2 million-square-foot, 14-building property in Atlanta’s Buckhead district.
  • Renovations are expected to begin in 2026, transforming the site into a mixed-use destination with retail and restaurant components.
  • CP Group has secured 77,000 square feet of new and renewed leases since acquiring the property in June 2025.
  • The plan includes 42,000 square feet of move-in-ready spec suites to address tenant demand.
  • CP Group has assembled architecture, design, and placemaking firms including Smallwood, ASD|SKY, and Of Place to execute the plan.

The big picture

CP Group's strategy reflects a broader trend of office landlords adapting to changing tenant preferences and declining office occupancy by incorporating retail and experiential elements. With an $8 billion portfolio, CP Group’s Piedmont Center redevelopment serves as a test case for this strategy’s viability in a major Sunbelt market. The move signals a shift away from traditional office parks towards more dynamic, mixed-use environments to attract and retain tenants.

What we're watching

Tenant Demand
The success of the mixed-use strategy hinges on continued tenant demand for amenity-rich office spaces, which may be vulnerable to broader economic shifts and remote work trends.
Execution Risk
The complexity of integrating retail and office components introduces execution risk, and delays or cost overruns could impact CP Group’s return on investment.
Market Dynamics
Buckhead’s competitive landscape will determine whether Piedmont Center’s repositioning can attract and retain tenants against other mixed-use developments in the area.

D-Wave Relocates HQ to Florida, Signals Sunbelt Tech Push

Event summary

  • Quantum computing firm D-Wave (NYSE: QBTS) is relocating its global headquarters from Palo Alto, California, to Boca Raton, Florida.
  • CP Group is leasing space to D-Wave within its Boca Raton Innovation Campus (BRiC), a 1.7-million-square-foot technology hub.
  • Florida Atlantic University will purchase and install D-Wave’s Advantage2™ quantum computer on its campus, representing a $20 million investment.
  • CP Group recently completed a $100 million capital improvement program at BRiC, enhancing its infrastructure and amenities.

The big picture

D-Wave’s move to Florida underscores the broader trend of technology companies seeking lower costs and access to new talent pools outside of traditional tech centers. CP Group’s investment in BRiC and its focus on experience-driven environments positions it to capitalize on this shift, but the success of the relocation depends on D-Wave’s ability to establish a robust R&D presence and attract a skilled workforce. The $20 million FAU investment highlights the growing importance of public-private partnerships in fostering quantum computing innovation.

What we're watching

Talent Migration
The success of Florida’s tech ecosystem will hinge on attracting and retaining skilled quantum computing professionals from established hubs like Silicon Valley, and the relocation may accelerate this trend.
BRiC Performance
CP Group’s ability to maintain the momentum from the recent leasing activity at BRiC will be a key indicator of the campus’s long-term viability as a technology hub.
FAU Integration
The integration of D-Wave’s quantum computer into Florida Atlantic University’s research programs will determine the extent of the university’s contribution to quantum computing advancements.

CP Group, Cross Ocean Acquire $96M Orlando Office Portfolio

Event summary

  • CP Group and Cross Ocean Partners acquired an eight-building office portfolio in Central Florida for $96 million.
  • The portfolio comprises 722,456 square feet and is 93% leased.
  • Key properties include Central Fairwinds, 1101 Greenwood, and Research Commons.
  • Cross Ocean manages approximately $10.7 billion in assets across global markets.

The big picture

This acquisition reflects a broader trend of institutional investors targeting high-growth Sunbelt markets for stable income-producing assets. Cross Ocean's partnership with CP Group leverages the latter's operational expertise to enhance asset value, suggesting a focus on active management and value creation. The deal’s size ($96 million) indicates a targeted approach within the larger commercial real estate landscape.

What we're watching

Tenant Stability
The portfolio's reliance on government and healthcare tenants introduces concentration risk; a shift in government spending or healthcare industry consolidation could impact occupancy.
Interest Rates
Given Cross Ocean's credit-focused investment strategy, rising interest rates could pressure the portfolio's financing costs and overall returns.
Market Competition
Continued investment in the Central Florida office market suggests heightened competition for tenants and potential downward pressure on lease rates.

Miami Tower Leasing Surge Signals Office Revival Amidst Renovation

Event summary

  • CP Group and DRA Advisors secured over 50,000 square feet of new leases at Miami Tower, including the full 42nd floor (14,692 sq ft) for Princeton Longevity Center and LifeSpan Medicine.
  • Existing tenants Boies Schiller Flexner LLP, Boyd Richards Parker Colonnelli, P.L., and UBS Financial Services Inc. renewed or expanded their leases.
  • UBS expanded its footprint by 39,885 square feet, and Worldwide Express increased its space by 3,793 square feet.
  • The leasing activity follows a multimillion-dollar capital improvement program, including new spec suites delivered in 2024 and Q3 2025.
  • Miami Tower has opened a public event venue featuring a renovated Sky Lobby, Terrace, and LED lighting display, securing clients like Xfinity and TAG Heuer.

The big picture

CP Group's success at Miami Tower highlights the potential for repositioning older office buildings through strategic renovations and amenity upgrades, a crucial strategy as companies reassess their office space needs. The 62 million square feet under CP Group’s management demonstrates a significant scale in the Sunbelt office market, and the Miami Tower leasing activity suggests a willingness among tenants to pay a premium for a modernized, experience-driven workspace. This trend could influence similar owners and operators across the Sunbelt and beyond.

What we're watching

Tenant Profile
The focus on preventative medicine and longevity clinics suggests CP Group is targeting a specific, high-value tenant profile, which could influence future leasing strategies and pricing.
Amenity Impact
Whether the upgraded amenities and public event space can consistently attract and retain tenants, justifying the capital expenditure and driving further leasing momentum, remains to be seen.
Market Dynamics
The success of Miami Tower’s repositioning will be a bellwether for other Class A office buildings in Downtown Miami, indicating the broader market’s appetite for renovated, amenity-rich spaces.
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