Chewy.com Expands To 100,000 SF At DCOTA

Chewy.com, an online retailer of pet supplies, leased an additional 27,200 square feet at its headquarters building in Dania Beach, the Design Center of the Americas (DCOTA).

The lease deal brought the company’s total space at the DCOTA to 100,000 square feet, according to a news release by a corporate affiliate of developer Charles S. Cohen, who owns the building.

The news release by Cohen Brothers Realty Corporation described the lease as “long-term” but did not disclose the terms.

According to the release, the asking rate at DCOTA’s “B” building at 1855 Griffin Road is $36 per square foot.

The lease deal indicates Chewy.com will remain in its Dania Beach headquarters for a while despite the sale of the company last spring to Phoenix-based pet supplies retailer PetSmart, which reportedly paid $3.35 billion for the South Florida company.

In August, Chewy.com announced plans to move its customer-service operations from DCOTA to Hollywood. The relocation would put 1,100 employees of Chewy.com at the Hollywood Hills Plaza at the corner of Hollywood Boulevard and Park Road, making the company one of the city’s largest employers.

 

Source:  The Real Deal

Bert Checa Joins Transwestern

Transwestern announced that Bert Checa has been appointed to the firm’s South Florida office as Vice President, focusing on office agency leasing and tenant advisory across the Southeast region.

Checa will join the team of Managing Director Glenn Gregory, where he will be responsible for evaluating, developing, and executing real estate strategies for owners, investors, and occupiers of office space.

Checa utilized long-standing relationships and experience in the market to quickly secure the leasing assignment for 1000 Park Centre, a 132,878-square-foot single-story building with a blend of flex, warehouse, and office ideally situated at the crossroads of Florida’s Turnpike and Florida State Road 826 in Miami Gardens.

The North Central Dade submarket, in which the asset is located, accounted for 26 percent of leasing activity in Miami-Dade County in the second quarter of 2017, and with no new construction, current total vacancy rates of 2.2 percent are expected to decrease further.

“It was a top priority to recruit the best industry talent to meet the complex real estate needs of our clients,” said Gregory. “Bert has vast experience in a variety of real estate services and has proven to be an immediate asset to our growing footprint in the market.”

Checa brings more than 13 years of experience to Transwestern. Most recently, he served as Senior Associate at Coldwell Banker Commercial Advisors. Previously, he was a Senior Associate at the Pointe Group and Holly Real Estate. During his career, he has overseen the leasing of premium assets including Santona Corner, a 77,000-square-foot, Class A office building; Miami Green, a 110,000-square-foot, Class A office tower; 1805 Ponce De Leon Blvd., a 66,000-square-foot, mixed-use commercial and residential Class A development; and 4770 Biscayne Blvd., a 143,000-square-foot office building.

Transwestern is intentional in recruiting top-performing talent to meet the increasing demand for full-service real estate advisory across all sectors and product types. In that vein, the firm recently hired Brent Barnes as Senior Vice President to spearhead the firm’s Healthcare Advisory Services in Florida.

 

Brenner Investment Properties’ ‘TowerFest’ Event Showcased Atlantic Tower

Tours of retail and office space for over 70 brokers, friends and guests kicked off the festivities of “TowerFest”, a re-introduction event held on Tuesday, October 3 at the eight-story Atlantic Tower, 225 N. Federal Highway in Pompano Beach, by building owner 225 N. Federal Highway, LLC, an entity of Brenner Investment Properties, along with listing agent and management company CBRE.

Guests were also treated to “A Taste of October” featuring 26° Brewing Co. showcasing craft beers, while A Fare to Remember provided the catered seasonal appetizers.

With guests gathered on the eighth floor to enjoy the building’s views of Pompano Beach, Scott Brenner, Esq., CCIM, SIOR, RPA, CAM, principal of Brenner Investment Properties welcomed the crowd and introduced Ric Green, President of the Greater Pompano Beach Chamber of Commerce, who was the featured speaker for the event.

Green updated attendees on the economic development progress in Pompano Beach. He spoke about the recent additions of the Cultural Arts Center, the Fishing Village, and the activities of the city’s two CRAs and more. He noted that Atlantic Tower is in the city’s Innovation District, which is a movement to bring more corporate tenants into the city.

He said, “There are 443 buildings in Pompano Beach. In the last four to five years, the vacancy rate has decreased. There is so much going on here. Pompano Beach is making a big difference.”

Other notable attendees included Greg Harrison, City Manager of Pompano Beach, who said that the future tenants of Atlantic Tower “represent a lot of potential” to enhance the city’s commercial, retail and office profile. Chris Clemens, Economic Development Manager of Pompano Beach, commenting also on the Innovation District, said that Pompano Beach has 29 million square feet of industrial space, but only 1 million square feet of office space, and that if the city can increase the office space it can attract more companies and corporate headquarters.

Elaine Fitzgerald, an Economic Development Council member who also attended Towerfest, noted, “Atlantic Tower is in the heart of the city, and it is the only big space like this we have right here. The building offers a great opportunity and will be a fabulous find for someone. In the last few years, Pompano has made a priority of thoughtfully continuing to improve its infrastructure and appearance throughout the city, including the beach area and along Atlantic Boulevard. In doing so, new private projects and money have followed, exponentially increasing the value and quality of life in the area.”

Scott Brenner noted, “Atlantic Tower has long been the home for Everest University who vacated this year because of consolidation of locations. We have completed some renovations to the property and it is now move-in ready for another educational institution as a complete building or for multi-tenant use. Our TowerFest was a great way to let the community and brokers know that this icon on North Federal Highway is ready to once again be an asset to the thriving Pompano Beach city scene.”

Deborah Fink, Vice President with CBRE, leasing representative for Atlantic Tower, presented information on the available space for lease in the building. According to Ms. Fink, office/classroom suites are available from 7,470 square feet to the entire building of 53,144 square feet.  Ground floor retail spaces and restaurant space is available to subdivide up to 6,365 square feet plus a 1,959 square foot mezzanine.

For more information on Atlantic Tower, please contact Ms. Fink at 561-393-1644 or Deborah.fink@cbre.com.

 

 

Terry W. Stiles: Celebrating The Life And Memory Of An Industry Icon

We, along with the entire CRE community, are deeply saddened by the loss of our great leader and friend, Terry Stiles.

Terry’s passion, energy and unyielding devotion to bettering communities across the Southeast were the source for innovations in real estate that will continue to enrich lives for years to come. Terry’s vision helped to shape the skyline of Fort Lauderdale and better every city and community he touched. He is an inspiration to us all.

Terry’s greatest love was for his family. He is survived by his wife Jamie, son Ken Stiles married to Brittany Stiles, daughters Carrie Tidwell married to Jamie Tidwell, and Tresa Hernandez-Stiles engaged to Erik Johnson, as well as six grandchildren – Madison Lynn Tidwell, Cole Alexander Hernandez, Jake Stiles Tidwell, Annalise Olivia Hernandez, Hudson Weylin Stiles and Easton Wyatt Stiles. In addition, Terry has two sisters, Carole Parks married to Norman Parks and Donna Tweeton.

The Stiles Family invites you to join us in celebrating the life and memory of Terry Stiles at the following services:

Due to unforeseen circumstances related to Hurricane Irma, the Visitation on Monday will be moved from Fred Hunter’s Funeral Home to The Huizenga Pavilion at the Broward Center of the Performing Arts.

**Going forward, please send all flower arrangements to the Broward Center For The Performing Arts. Flowers that have already been sent to Fred Hunter’s will be transferred to the Broward Center.

 

SERVICE INFORMATION:

Visitation:

Monday, September 25th from 5:00pm – 9:00pm
The Huizenga Pavilion at the Broward Center For The Performing Arts
201 SW 5th Ave, Fort Lauderdale, FL 33312

Memorial:

Tuesday, September 26th, 2017 at 10:30am
The Au-Rene Theater at the Broward Center For The Performing Arts
201 SW 5th Ave, Fort Lauderdale, FL 33312

CHARITABLE DONATIONS:

In lieu of flowers, please consider making donations to any of the following organizations:

Broward Center For The Performing Arts
Humane Society of Broward County
Jack and Jill Children’s Center
Fort Lauderdale Museum of Discovery and Science

 

Condolences and photo memories may be sent by clicking on the following link: http://www.stiles.com/remembering-terry/.

 

 

 

 

Miramar Park of Commerce

Florida Division Of Largest U.S. Healthcare Union Establishes South Florida Office

At the Miramar Park of Commerce, 1199SEIU United Healthcare Workers East – Florida signed a new lease for 9,975 square feet of office space at 2871 Corporate Way.

1199SEIU Florida is a division of 1199SEIU United Healthcare Workers East, the largest healthcare union in the nation with more than 400,000 members in Massachusetts, New York, New Jersey, Washington, D.C. and Florida. In addition to its office in the Miramar Park of Commerce, which serves South Florida, 1199SEIU Florida also has an office in Tampa.

“1199SEIU Florida represents more than 25,000 healthcare workers in Florida’s hospital and nursing home industry,” said Monica Russo, 1199SEIU’s executive vice president for Florida. “1199SEIU Florida works to secure fair wages and benefits, safe work environments, paid time off, stable retirement, childcare, education benefits and more for its members, who in turn work diligently to provide high quality care in some of the largest for-profit and academic healthcare institutions in the state.”

1199SEIU Florida also advocates for its members, patients and communities through government and elected officials, working to help elect working-family-friendly candidates and drafting worker-friendly legislation.

 

Tower Commercial RE Expands Tenant Representation With New Division Associate

Rob Foster has joined Miami-based Tower Commercial Real Estate as an associate with the firm’s expanding Tenant Representation division, bringing experience in contract negotiation, site selection, disposition and business development.

Tower’s Tenant Representation division is headed by industry veteran Scott Allen, Senior Managing Director.

“We are thrilled to have Rob join the Tower team, bringing his diverse expertise to South Florida as we are seeing increasing demand for experienced on-the-ground tenant representation professionals,” Allen said.

Before joining Tower, Foster was recognized as one of northern New Jersey’s rising Commercial Real Estate brokers. A sales associate with American Properties Realty Inc., he was active with his senior team in some of northern New Jersey’s most recent notable transactions. A graduate of Florida Atlantic University, magna cum laude, with a degree in political science and business administration, Foster is an active member of the South Florida Office Brokers Association (SFOBA) and NAIOP.

According to Jon Blunk, Tower president and founder, “Companies appreciate that Tower delivers deep, local market knowledge and the sophisticated, strategic analysis to help them make the best decision.”

He added that Tower is active in the region’s key markets, from Miami’s CBD, Fort Lauderdale and Boca Raton to West Palm Beach.