Cushman & Wakefield’s John Criddle, Joseph Freitas Named Exclusive Leasing Advisors For Cypress Creek Office Building

The Cushman & Wakefield office leasing team of John Criddle and Joseph Freitas has been named exclusive leasing advisor for Lakeside Plaza by Hollywood, FL-based owner Naya USA Investment & Management LLC.

Lakeside Plaza is a five-story, ±119,339-square-foot office building developed on a ±6.0-acre site at 6301 NW 5th Way in Corporate Park at Cypress Creek.

The property is situated in the heart of Fort Lauderdale’s Uptown Business District. This location offers unmatched access to Interstate 95, the Cypress Creek Tri-Rail Station and the Fort Lauderdale Executive Airport. The Uptown Business District is poised for additional development and redevelopment that will transform it into the envisioned Uptown Urban Village, a walkable neighborhood of offices, residences, retail and hospitality.

“With the planned renovations, Lakeside Plaza will be a premier mid-rise suburban office building offering a strategic location in the greater Fort Lauderdale office market,” said Criddle.

“As building renovations continue to drive rents and leasing activity in the Cypress Creek market, ownership hired our team to assist in repositioning the asset to complete at a higher class and quality,” added Freitas.

Lakeside Plaza is currently 77.82% leased with 24,466 square feet available at rates ranging from $17.50 to $18.00. Notable tenants include Bosch Security Systems, Custom Service, The Singing Machine and Bitedefender.

Criddle and Freitas are also exclusive leasing advisors for Naya USA’s 7800 Congress Ave., a 40,800-square-foot office building in Boca Raton. Cushman & Wakefield’s South Florida Commercial Team negotiated the $17.65 million sale of Lakeside Plaza to Naya USA in January 2018.

 

2019 Holiday Party – Thank You, Sunbeam Properties

Thank you to our gracious hosts Maridee Bell, Lauren Pace, Wini Smith and Andy Ansin of Sunbeam Properties for hosting our annual holiday cocktail party at Miramar Park of Commerce on December 5, 2019.

Our hosts, Madiree Bell and Lauren Pace of Sunbeam along with Joe Jarkesy of Stiles

It was great to spend some quality time with good friends and enjoy some great food, beverages, and live music. It was also time to bid a fond farewell to our own Joanne Diaz who has done such a great job of keeping our group organized for more years than we can count. At the suggestion of Ron Osborne, it was unanimously decided by the group that in lieu of our customary prize drawing,  the proceeds would make a great parting gift to Joanne who has tirelessly served the group for so long.

But retired members are always welcome to join us and it was good to see our former leader Ted Harris. Ted stepped to the mic to reiterate the mission of our group, to foster communication and sharing of information among the top office brokers in Miami-Dade, Broward and Palm Beach County.

We also heard from Maridee and Lauren who spoke about the office/flex and land availabilities in the 5.2 million square foot Miramar Park of Commerce. Even if you missed the meeting, you owe it to yourself to review the availabilities in one of South Florida’s premier business parks to support our hosts and possibly to help your won clients.

I also had a chance to promote the next SFOBA meeting on January 16th at Spectrum Office Park at 4901 NW 17th Way in Fort Lauderdale which will be hosted by Levy Realty Advisors. We are considering two great groups and will be announcing our guest speaker any day for the 2020 kickoff meeting.

Wishing everybody a happy holiday season and a healthy and prosperous 2020 from the South Florida Office Brokers Association.

Click for More Photos

Thanks Joanne Diaz and Gus Martinez for all you do!

 

 

 

 

 

Stigliano Negotiates Full Floor Lease At Fort Lauderdale’s Port Royale Financial Center

Reese Stigliano, president of Stigliano Commercial Real Estate announced that Keefe, McCullough & Co., LLP has renewed its lease for the entire 14,393-square-foot fourth floor at Fort Lauderdale’s Port Royale Financial Center.

Stigliano represented the tenant, one of the largest CPA firms in South Florida, in negotiating the $2.1 million, 12-year extension. Stigliano has represented the firm since 1992 when they initially leased a portion of the 4th floor at Port Royale, located at 6550 N. Federal Highway. The final negotiation included a six-figure tenant improvement allowance, and several expansion and renewal options.

Port Royale Financial Center

According to Stigliano, office rents in Fort Lauderdale metro have posted an average annual gain of 5.2% over the last three years. Vacancies average 8% which are below the national average of 10% for Class A office space. There is 1.6 million SF of new construction underway representing a 2.3% expansion of the existing inventory. Over the last three years, only 776,000 SF has been delivered or a cumulative inventory expansion of 1.1%

“What this lease renewal does is provide the tenant with long term stability on their cost of occupancy in a prestigious Class A office building. Also, this allows the tenant to focus on growing their core business without worrying about outgrowing their space and having to relocate in a very tight real estate market.” said Reese.

Reese Stigliano is a recognized leader in the South Florida commercial real estate market and brings over 35 years of experience in commercial real estate to Stigliano Commercial Real Estate. As president, he focuses on land sales, investment sales and office leasing.

 

Services For John Perrone

Visitation for John Perrone will be held on Saturday, November 16, 2019 from 11:30 AM-1:30 PM at:

McWhite’s Funeral Home
3501 W Broward Blvd.
Fort Lauderdale, FL 33312

 

Graveside service directly following at:

Lauderdale Memorial Park
2001 SW 4th Avenue
Fort Lauderdale, FL  33315

 

Floral tributes, expressions of sympathy and online condolences:  www.lifecelebrationsfl.com.

In lieu of flowers:  www.gofundme.com/f/1T9EUANWPC

 

 

Joanne Diaz Is Retiring!

A message from Joanne:

Change seems to be “in the air.”

I would like to announce that I am “stepping down” from the organizational duties that I have performed for the past eleven years for the South Florida Office Brokers Association (SFOBA) effective the end of this year.

In 2008 while working for Flagler, Jim Cahlin, one of the founding members of SFOBA, asked if Ted Harris and I would like to take over the responsibility of organizing and leading the monthly meetings. We said yes and our journey began.

Ted retired on February 12, 2015 and I then had the pleasure of partnering with Gus Martinez of KW Commercial. We have strived over the years to provide a vibrant, valuable market forum for the South Florida brokerage community. We receive no compensation for what we do except for the “sunshine dollars” from your sunny smiles when we see you at the meetings, and hopefully have made a difference for our contributions.

Gus needs a new partner.  Please contact Gus at gusmartinez@kw.com to let him know if you are interested in volunteering and “joining the team.”

Wishing you all much success and fun-filled days always!

 

Blessings, Joanne

 

 

 

 

Ken Silberling

Levy Realty Advisors Grows Team, Adds Senior VP Of Tenant Representation And Brokerage

Levy Realty Advisors (LRA) is pleased to announce that Ken Silberling has joined the firm as Senior Vice President-Director of Brokerage and Tenant Representation.

“I am excited and pleased to announce that after many years of knowing Ken Silberling, he will join our company to head up the Brokerage and Tenant Representation division,” said Alan Levy, Broker/President of LRA.  “Ken comes to the company with over 30 years of industry knowledge and experience and is well respected amongst his peers in the South Florida Commercial and Industrial market. Ken will be handling brokerage and tenant representation opportunities that we have been passing up for many years due to our focus on our own portfolio of properties.”

 

“We feel very fortunate to have Ken represent our company,” added Josh Levy, LRA COO.  “This is a new chapter in the evolution of our company.  Ken’s extensive experience and exposure in the market will help us to continue to expand our footprint throughout South Florida. He will also bring an extended level of service to our tenant base of over 1,000 companies occupying over 3 million square feet of space.”

Ken has vast experience in the South Florida commercial /industrial real estate market with expertise in leasing, investments and market analysis.  He was previously Regional Senior Vice President for Truss, an online commercial real estate marketplace where he developed a  comprehensive database of South Florida office space and represented corporate tenants in lease negotiations.

He began his career as Director of Research for Cushman and Wakefield’s Miami office and became a go-to source of information for the local and national media. He later started the research division at Colliers International and became a founding partner at Commercial Florida Realty Partners where he designed market databases, authored market reports and branched into tenant representation and investment sales. He moved on to Danburg Properties of Boca Raton as Vice President of Leasing and Acquisitions where he completed over 700 leases and helped to substantially increase the company’s investment and development portfolio.

He is the author of KenTrends, a blog on commercial real estate and related fields and has achieved national recognition for his blogging and social media activity. He has been a guest speaker and panelist for numerous commercial real estate organizations. His articles have been published via Propmodo and The Broker List and he has been quoted in South Florida’s SunSentinel, the Miami Herald, the South Florida Business Journal and the Wall Street Journal.