Stiles Senior Vice President Norm Adams secured a 10-year lease deal with Templeton & Company accounting and consulting firm at The Main Las Olas located at 201 E. Las Olas Blvd. in the heart of downtown Fort Lauderdale.
Delivered in November 2020, The Main Las Olas is the newest Class A, amenity-rich office tower developed on Las Olas Blvd. in more than two decades.
Templeton & Company, one of the region’s leading accounting and consulting firms with offices in West Palm Beach and Fort Lauderdale, is relocating from 301 E. Las Olas to The Main Las Olas. Templeton provides a broad spectrum of services to its clients including assurance, tax, family office and consulting. The firm plans to occupy the space in January 2022.
“We reached an exciting point in our company’s evolution and our professionals need office space that reflects the high caliber service that we offer our clients and supports our business growth objectives,” said Steve Templeton, Founder and President of Templeton & Company. “The Main Las Olas unquestionably provides the preeminent venue to best meet our clients’ needs and serve as our Fort Lauderdale headquarters for family office services to our high-net-worth families.”
Spanning a full city block, The Main Las Olas redefines the city’s epicenter with 1.4 million square feet of mixed-use office, residential and retail space that stands alone across South Florida as nothing short of revolutionary.
“In this new environment, tenants want a combination of amenities and location, and The Main Las Olas delivers the highest standards of both,” said Adams. ”Templeton chose to establish a new base where they could elevate their business profile and grow in a safe, secure facility offering the highest level of technology and features in office today.”
Combining a dramatic and stunning 25-story all-glass design by nationally acclaimed architecture firm Cooper Cary, the tower offers nearly 370,000 square feet of efficient, modern and forward-thinking office space, expansive 12-foot, floor-to-ceiling windows that draw maximum light, and world-class amenities. Connected to 341-unit apartment tower Novo Las Olas, which features the area’s first Publix GreenWise grocer on the ground floor, the building’s outdoor and indoor amenity spaces, conference centers and state of the art fitness center rival even the most cutting edge office buildings found across the region.
The Main Las Olas, developed by joint venture partners Stiles and San Francisco-based Shorenstein Properties LLC, welcomed its first tenant, law firm Akerman LLP, in November and is currently 40 percent leased. Stiles is a 69-year-old, full service commercial real estate firm headquartered in Fort Lauderdale with offices across the Southeastern United States.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-12-20 20:24:212020-12-20 20:24:21Stiles’ Norm Adams Signs Lease With Accounting Firm At The Main Las Olas Office Tower In Downtown Fort Lauderdale
Conventional wisdom says “don’t sell an office building during a pandemic, unless you’re desperate”, but I’d like to offer a contrarian view to owners who are strategically evaluating how best to capitalize on current investment market conditions.
Do you own an office building that is located in a desirable South Florida submarket?
Is your building well-leased to strong, rent paying tenants, with limited near-term lease expirations?
Does the tenant mix include medical, life science or other essential or mission critical users?
If you answered yes to any of the above questions, you may need to consider selling, and here’s why:
Pent-Up Investor Demand. While the stock market continues to whipsaw to record highs, billions of dollars have been raised by institutional and private real estate investment vehicles in 2020 as an investment alternative. This abundance of capital needs to be deployed in order for sponsors to achieve their investment objectives. And large multi-asset class owners will soon be over allocated to the equity markets (because of the run up), necessitating a rotation into other investments, including real estate.
Limited Acquisition Opportunities. Since many owners are sitting on the sidelines waiting for post pandemic price discovery, despite strong buyer interest, there are very few acquisition opportunities for investors to buy.
Favorable Market Conditions, Demographics. There has certainly been a significant recent increase in space availabilities – both direct and sublease. Space users have been reluctant to make medium or long term commitments and there will definitely be changes in the way occupiers utilize office space in the future. In the short term, vacancy rates will increase, absorption will be negative and rent growth will be flat or decline. Having said that, the SALT effect (lack of state and local taxes), an educated workforce, business friendly state policies, and a high quality of lifestyle will continue to fuel corporate relocations and growth in South Florida.
This Too Shall Pass…Soon. With at least three effective vaccines about to be deployed, political uncertainty resolved and the federal government standing by to buoy the economy as necessary, a new normal will quickly return. Pent-up demand for South Florida office space should fast track absorption of excess space and with limited new supply, rental rate rents will start to spike as early as 2022.
Premium Pricing Attainable. ”Smart money” market making owners with favored assets are taking advantage of the supply/demand imbalance, historically low interest rates, enhanced by favorable long-term market characteristics, to create competitive bidding for these coveted South Florida assets and are achieving premium pricing.
Mark M. Rubin is executive managing director of Investment Sales for Colliers International based in South Florida.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-12-15 02:13:152020-12-15 02:13:15Why Now Might Be The Best Time To Sell Your South Florida Office
Lee & Associates announced the addition of Joseph Jarkesy, CCIM, as Senior Vice President specializing in Office landlord agency and tenant representation throughout South Florida with a keen discipline in the growing Broward Office market.
Mr. Jarkesy has over 16 years industry experience in commercial real estate in South Florida, and in the past 5 years alone has brokered over $40 million in commercial real estate transactions. He is adept at guiding real estate owners through the leasing of their properties, as well as acquisition, holding, and disposition of their real estate assets, and ensuring their buildings perform. As a South Florida native, Mr. Jarkesy has developed the in-depth, local market knowledge to strategically advise his clients on commercial real estate trends and forecasts. His expertise, experience and hard work ethic makes him a key partner toward maximizing the performance of his client’s real estate assets.
With the effects of COVID rippling through the south Florida office market, Joseph has been quick to come to the aide of his clients. “COVID-19 has changed the office leasing landscape over the past 9 months. The same old status quo that some of my competitors got away with during a hotter economy is now showing its flaws; our clients recognize my market knowledge, experience, and direct approach has been highly successful at absorbing their vacancy and shielding them from the negative effects other buildings are experiencing in this market. Every building in this market has different qualities, advantages, and disadvantages. Understanding these differences allows me to guide tenants to the right buildings and identify the right tenants to fill vacancies quickly and smoothly.”
“There will be winners and losers going forward over the next 12 months as the search for a vaccine continues,” Joseph also notes, as we barrel through Q4 and enter an unprecedented market in 2021. “Landlord’s that recognize the value I bring to the table as a true office specialist will find their buildings performing better with higher occupancies and greater rents.”
Immediately upon joining Lee & Associates, Joseph has already hit the ground running gaining the confidence of Landlord’s with over 100,000 SF of new Office Leasing assignments in Fort Lauderdale Beach, Las Olas, and Pompano Beach neighborhoods.
“I liked that Lee is a pure brokerage company,” says Joseph when asked about joining the growing South Florida Lee & Associates office. “We have a local team of experienced and veteran brokers many of whom are CCIM and SIOR’s, and we are backed by a unified national platform that consistently delivers strong tenants into our marketplace from areas like New York, New Jersey and other high tax states. The fact I can earn higher splits from the office while still receiving the full resources and support I need to service my clients, means I am more incentivized than my competition to work that much harder for each and every deal.”
Prior to joining Lee & Associates South Florida, Joseph served as Vice President with Stiles where he focused on tenant and landlord representation for office and retail space in Broward County. Prior to that, he spent over a decade handling acquisition, holding and disposition with the Fitzgerald Group. Joseph Jarkesy is a graduate from Florida State University with a Bachelor’s degree in Real Estate and Finance, and actively participates in the South Florida Office Brokers Association (SFOBA). Joseph has been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM institute in 2019. The CCIM designation is awarded to commercial real estate professionals upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying experience.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-12-07 03:10:242020-12-07 03:10:24Lee & Associates South Florida Adds Joseph Jarkesy, CCIM as Senior Vice President of Office Leasing Growing Broward Market Share
NAI/Merin Hunter Codman announced it has been retained to oversee all leasing for the iconic 20-story, 256,000 square-foot, Esperante Corporate Center located in the heart of downtown West Palm Beach at 222 Lakeview Avenue.
RedSky Capital, which purchased the premier trophy property in 2016 and recently completed over $8 million in property renovations, awarded the leasing assignment to Managing Directors Lesley Sheinberg and Barbara LeBrun, SIOR who will be supported by Commercial Associate Alexandra Bazo with the retail portion of the property being handled by NAI/Merin Hunter Codman’s long-time Retail Service Group Managing Director Bruce Corn.
“Esperante Corporate Center has been an iconic part of the West Palm Beach skyline since 1989. NAI/Merin Hunter Codman has been a force in the Palm Beach County commercial real estate marketplace just as long, if not longer. Their long-term local market leadership, local and global connections, and proven track record made them a perfect fit to represent Esperante,” cited Ben Stokes, Principal of RedSky Capital.
Sheinberg added, “Esperante is a premier commercial property, offering an array of first-class amenities and services. The stunning renovations combined with the exciting retail aspect of the property makes it a highly competitive prospect for out-of-state firms coming to South Florida to take advantage of our favorable and tax-friendly business climate along with our incomparable lifestyle. We are seeing more and more businesses leaving large metropolitan areas and relocating to West Palm Beach in response to the challenges posed by the coronavirus. Esperante’s owners and our team welcome the opportunity to introduce this one-of-a-kind downtown West Palm Beach jewel to office and retail users across the country.”
Esperante Corporate Center offers a variety of floor plans to suit multiple needs, including build-to-suit and move-in ready options for boutique and corporate headquarter users alike. The building is currently offering ±600-35,000 square feet of office space with full floor opportunities and retail space from ±600-2,400 square feet, including high-visibility café opportunities.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-11-30 04:10:182020-11-30 04:10:18NAI/Merin Hunter Codman Tapped To Lease Iconic West Palm Beach Office Building
Levy Realty Advisors and South Florida Innovative Office, LLC (SFIO) are pleased to announce three new leases totaling 9,471 square feet at Prisma at Cypress Creek, located at 1000 NW 65th Street in Fort Lauderdale.
Ken Silberling, Sr. Vice President, Brokerage & Tenant Representation with Levy Realty Advisors, represented both Landlord and Tenant on the following leases of 2,928 square feet to Universal Healthcare Advisors, LLC and 3,609 square feet to QOL investments LLC, while SFIO handled the expansion of Alternative Funding Group Corp. to 2,934 square feet. The property is currently 95 percent leased.
“The activity is the result of responsive hands-on leasing and management,” said Silberling. “While my clients acquired the building in March at the outset of the COVID Crisis, we decided to move forward with an aggressive program to renovate and market the property. The result is a completely updated boutique building in the heart of Fort Lauderdale’s Cypress Creek market. Prisma’s modern design and floor to ceiling glass appeal to the technology, healthcare and financial firms in the market. By responding to tenant needs and assembling a great team of leasing, management and onsite concierge services, we are achieving positive results in these challenging times.”
“We still have space to fill,” added Silberling. “But I am optimistic that our team approach will continue to win over prospective tenants.”
Prisma can currently accommodate tenants from 1,831 to 5,319 square feet.
Silberling was named exclusive leasing agent for the renamed Prisma at Cypress Creek in May 2020.
The 39,235-square-foot, three-story office building was purchased in March by South Florida Innovative Office, LLC, a division of Maynada Real Estate Advisors.
00SFOBA STAFFhttps://dev.sfoba.com/wp-content/uploads/2026/08/SFOBA-logo-sharpened-transparent.pngSFOBA STAFF2020-11-15 19:12:262020-11-15 19:12:26Levy Realty Advisors’ Silberling Inks 3 Lease Deals At Cypress Creek Office Building
A prominent New York investment firm that manages approximately $41 billion in assets has plans to move its headquarters to South Florida.
Elliott Management is relocating from midtown Manhattan to West Palm Beach, according to the Palm Beach County Business Development Board — making it the latest in a growing line of financial firms to move their headquarters from the Northeast or add offices to the South Florida region.
The firm is overseen by billionaire Paul E. Singer, one of the wealthiest people in the United States. According to the New York Times, he recently disclosed the headquarters move to Florida — a decision apparently triggered by the coronavirus pandemic and the volatility of the commercial real estate market in Manhattan.
“They made a commitment to have a corporate headquarters in West Palm Beach,” Kelly Smallridge, the board’s president and CEO, said by telephone Friday. “They’ve been very tight-lipped on their selection of real estate.”
Smallridge said she has no information on how many jobs the firm might bring to the area.
The anticipated move was first reported by Bloomberg News.
Founded in 1977, Elliott Management Corp. manages billions in assets and employs a staff of 466 people, according to its website. The roster includes 161 investment professionals in its New York headquarters and elsewhere in the U.S., London, Hong Kong and Tokyo.
On behalf of clients, the firm invests in various companies, and buys and sells distressed and real estate-related securities, as well as commodities and debt.
Singer isn’t expected to move to Florida and will keep some employees and offices in New York, the New York Times reported.
The migration of some financial firms is largely the byproduct of higher taxes in Northeast states and the federal tax reform law that limited residents’ ability to deduct state and local taxes from their federal returns.
Smallridge said that within the last 18 months, between 15 and 18 financial firms sought information about locations in the county, and ended up leasing office space from Boca Raton to Jupiter.
She said the arrival of the COVID-19 pandemic has influenced many upper-income executives to take up second homes in Florida and work remotely, as Griffin’s operation did.
“Many of the executives decided not to go back home to the Northeast or they left the Northeast to come to Palm Beach County because they believed it was a safe place for their families,” she said.
Stiles’ Norm Adams Signs Lease With Accounting Firm At The Main Las Olas Office Tower In Downtown Fort Lauderdale
/in Done Deals, News/by SFOBA STAFFStiles Senior Vice President Norm Adams secured a 10-year lease deal with Templeton & Company accounting and consulting firm at The Main Las Olas located at 201 E. Las Olas Blvd. in the heart of downtown Fort Lauderdale.
Delivered in November 2020, The Main Las Olas is the newest Class A, amenity-rich office tower developed on Las Olas Blvd. in more than two decades.
Templeton & Company, one of the region’s leading accounting and consulting firms with offices in West Palm Beach and Fort Lauderdale, is relocating from 301 E. Las Olas to The Main Las Olas. Templeton provides a broad spectrum of services to its clients including assurance, tax, family office and consulting. The firm plans to occupy the space in January 2022.
Spanning a full city block, The Main Las Olas redefines the city’s epicenter with 1.4 million square feet of mixed-use office, residential and retail space that stands alone across South Florida as nothing short of revolutionary.
Combining a dramatic and stunning 25-story all-glass design by nationally acclaimed architecture firm Cooper Cary, the tower offers nearly 370,000 square feet of efficient, modern and forward-thinking office space, expansive 12-foot, floor-to-ceiling windows that draw maximum light, and world-class amenities. Connected to 341-unit apartment tower Novo Las Olas, which features the area’s first Publix GreenWise grocer on the ground floor, the building’s outdoor and indoor amenity spaces, conference centers and state of the art fitness center rival even the most cutting edge office buildings found across the region.
The Main Las Olas, developed by joint venture partners Stiles and San Francisco-based Shorenstein Properties LLC, welcomed its first tenant, law firm Akerman LLP, in November and is currently 40 percent leased. Stiles is a 69-year-old, full service commercial real estate firm headquartered in Fort Lauderdale with offices across the Southeastern United States.
Why Now Might Be The Best Time To Sell Your South Florida Office
/in News/by SFOBA STAFFBy Mark Rubin
Conventional wisdom says “don’t sell an office building during a pandemic, unless you’re desperate”, but I’d like to offer a contrarian view to owners who are strategically evaluating how best to capitalize on current investment market conditions.
Do you own an office building that is located in a desirable South Florida submarket?
Is your building well-leased to strong, rent paying tenants, with limited near-term lease expirations?
Does the tenant mix include medical, life science or other essential or mission critical users?
If you answered yes to any of the above questions, you may need to consider selling, and here’s why:
Pent-Up Investor Demand. While the stock market continues to whipsaw to record highs, billions of dollars have been raised by institutional and private real estate investment vehicles in 2020 as an investment alternative. This abundance of capital needs to be deployed in order for sponsors to achieve their investment objectives. And large multi-asset class owners will soon be over allocated to the equity markets (because of the run up), necessitating a rotation into other investments, including real estate.
Limited Acquisition Opportunities. Since many owners are sitting on the sidelines waiting for post pandemic price discovery, despite strong buyer interest, there are very few acquisition opportunities for investors to buy.
Favorable Market Conditions, Demographics. There has certainly been a significant recent increase in space availabilities – both direct and sublease. Space users have been reluctant to make medium or long term commitments and there will definitely be changes in the way occupiers utilize office space in the future. In the short term, vacancy rates will increase, absorption will be negative and rent growth will be flat or decline. Having said that, the SALT effect (lack of state and local taxes), an educated workforce, business friendly state policies, and a high quality of lifestyle will continue to fuel corporate relocations and growth in South Florida.
This Too Shall Pass…Soon. With at least three effective vaccines about to be deployed, political uncertainty resolved and the federal government standing by to buoy the economy as necessary, a new normal will quickly return. Pent-up demand for South Florida office space should fast track absorption of excess space and with limited new supply, rental rate rents will start to spike as early as 2022.
Premium Pricing Attainable. ”Smart money” market making owners with favored assets are taking advantage of the supply/demand imbalance, historically low interest rates, enhanced by favorable long-term market characteristics, to create competitive bidding for these coveted South Florida assets and are achieving premium pricing.
Mark M. Rubin is executive managing director of Investment Sales for Colliers International based in South Florida.
Source: GlobeSt.
Lee & Associates South Florida Adds Joseph Jarkesy, CCIM as Senior Vice President of Office Leasing Growing Broward Market Share
/in News/by SFOBA STAFFLee & Associates announced the addition of Joseph Jarkesy, CCIM, as Senior Vice President specializing in Office landlord agency and tenant representation throughout South Florida with a keen discipline in the growing Broward Office market.
Mr. Jarkesy has over 16 years industry experience in commercial real estate in South Florida, and in the past 5 years alone has brokered over $40 million in commercial real estate transactions. He is adept at guiding real estate owners through the leasing of their properties, as well as acquisition, holding, and disposition of their real estate assets, and ensuring their buildings perform. As a South Florida native, Mr. Jarkesy has developed the in-depth, local market knowledge to strategically advise his clients on commercial real estate trends and forecasts. His expertise, experience and hard work ethic makes him a key partner toward maximizing the performance of his client’s real estate assets.
With the effects of COVID rippling through the south Florida office market, Joseph has been quick to come to the aide of his clients. “COVID-19 has changed the office leasing landscape over the past 9 months. The same old status quo that some of my competitors got away with during a hotter economy is now showing its flaws; our clients recognize my market knowledge, experience, and direct approach has been highly successful at absorbing their vacancy and shielding them from the negative effects other buildings are experiencing in this market. Every building in this market has different qualities, advantages, and disadvantages. Understanding these differences allows me to guide tenants to the right buildings and identify the right tenants to fill vacancies quickly and smoothly.”
Immediately upon joining Lee & Associates, Joseph has already hit the ground running gaining the confidence of Landlord’s with over 100,000 SF of new Office Leasing assignments in Fort Lauderdale Beach, Las Olas, and Pompano Beach neighborhoods.
Prior to joining Lee & Associates South Florida, Joseph served as Vice President with Stiles where he focused on tenant and landlord representation for office and retail space in Broward County. Prior to that, he spent over a decade handling acquisition, holding and disposition with the Fitzgerald Group. Joseph Jarkesy is a graduate from Florida State University with a Bachelor’s degree in Real Estate and Finance, and actively participates in the South Florida Office Brokers Association (SFOBA). Joseph has been awarded the Certified Commercial Investment Member (CCIM) designation by the CCIM institute in 2019. The CCIM designation is awarded to commercial real estate professionals upon successful completion of a graduate-level education curriculum and presentation of a portfolio of qualifying experience.
NAI/Merin Hunter Codman Tapped To Lease Iconic West Palm Beach Office Building
/in News/by SFOBA STAFFNAI/Merin Hunter Codman announced it has been retained to oversee all leasing for the iconic 20-story, 256,000 square-foot, Esperante Corporate Center located in the heart of downtown West Palm Beach at 222 Lakeview Avenue.
RedSky Capital, which purchased the premier trophy property in 2016 and recently completed over $8 million in property renovations, awarded the leasing assignment to Managing Directors Lesley Sheinberg and Barbara LeBrun, SIOR who will be supported by Commercial Associate Alexandra Bazo with the retail portion of the property being handled by NAI/Merin Hunter Codman’s long-time Retail Service Group Managing Director Bruce Corn.
Esperante Corporate Center offers a variety of floor plans to suit multiple needs, including build-to-suit and move-in ready options for boutique and corporate headquarter users alike. The building is currently offering ±600-35,000 square feet of office space with full floor opportunities and retail space from ±600-2,400 square feet, including high-visibility café opportunities.
Levy Realty Advisors’ Silberling Inks 3 Lease Deals At Cypress Creek Office Building
/in Done Deals, News/by SFOBA STAFFLevy Realty Advisors and South Florida Innovative Office, LLC (SFIO) are pleased to announce three new leases totaling 9,471 square feet at Prisma at Cypress Creek, located at 1000 NW 65th Street in Fort Lauderdale.
Ken Silberling, Sr. Vice President, Brokerage & Tenant Representation with Levy Realty Advisors, represented both Landlord and Tenant on the following leases of 2,928 square feet to Universal Healthcare Advisors, LLC and 3,609 square feet to QOL investments LLC, while SFIO handled the expansion of Alternative Funding Group Corp. to 2,934 square feet. The property is currently 95 percent leased.
Prisma can currently accommodate tenants from 1,831 to 5,319 square feet.
Silberling was named exclusive leasing agent for the renamed Prisma at Cypress Creek in May 2020.
The 39,235-square-foot, three-story office building was purchased in March by South Florida Innovative Office, LLC, a division of Maynada Real Estate Advisors.
$41 Billion Investment Firm Relocating To South Florida
/in News/by SFOBA STAFFA prominent New York investment firm that manages approximately $41 billion in assets has plans to move its headquarters to South Florida.
Elliott Management is relocating from midtown Manhattan to West Palm Beach, according to the Palm Beach County Business Development Board — making it the latest in a growing line of financial firms to move their headquarters from the Northeast or add offices to the South Florida region.
The firm is overseen by billionaire Paul E. Singer, one of the wealthiest people in the United States. According to the New York Times, he recently disclosed the headquarters move to Florida — a decision apparently triggered by the coronavirus pandemic and the volatility of the commercial real estate market in Manhattan.
Smallridge said she has no information on how many jobs the firm might bring to the area.
The anticipated move was first reported by Bloomberg News.
Founded in 1977, Elliott Management Corp. manages billions in assets and employs a staff of 466 people, according to its website. The roster includes 161 investment professionals in its New York headquarters and elsewhere in the U.S., London, Hong Kong and Tokyo.
On behalf of clients, the firm invests in various companies, and buys and sells distressed and real estate-related securities, as well as commodities and debt.
Singer isn’t expected to move to Florida and will keep some employees and offices in New York, the New York Times reported.
The migration of some financial firms is largely the byproduct of higher taxes in Northeast states and the federal tax reform law that limited residents’ ability to deduct state and local taxes from their federal returns.
Smallridge said that within the last 18 months, between 15 and 18 financial firms sought information about locations in the county, and ended up leasing office space from Boca Raton to Jupiter.
She said the arrival of the COVID-19 pandemic has influenced many upper-income executives to take up second homes in Florida and work remotely, as Griffin’s operation did.
Source: SunSentinel