Avison Young Inks 17,000 SF Office Lease Deal

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Online Vacation Center Holdings Corp., one of the country’s largest cruise retailers, has signed a new long-term lease for 17,225 square feet at Riverbend Corporate Park Building B, located at 2307 W. Broward Boulevard in Fort Lauderdale.

Greg Martin, Principal with Avison Young, worked with True North Management Group and Delma Properties, Inc., the new ownership of Riverbend Corporate Park, to complete the transaction.

The addition of Online Vacation Center increases the occupancy at the 66,917 square foot office building to 75 percent, a gain of more than 25 percent.

“The notable lease transaction with Online Vacation Center is an example of increased corporate optimism overall in the Broward market, specifically in Fort Lauderdale,” said Martin. “With plans for further office space development plus new retail in the area, Riverbend Corporate Park is the ideal place to locate and grow a business for years to come, with room to expand.”

“Online Vacation Center was seeking an impressive new location with convenient access to transportation and major thoroughfares for employees,” noted Martin. “At the nexus of the region’s existing transportation network and emerging transit hub, Riverbend Corporate Park presented a valuable solution to the office space needs of the company.”

Online Vacation Center was represented by Julie Berry, Broker Associate with Stiles Realty.

Las Olas Building Trades

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Frank Castoro of NAI Rauch Weaver Norfleet Kurtz & Co., Fort Lauderdale represented the Buyer in the recent sale of a prestigious office/retail building located at 1103-1111 E. Las Olas Boulevard.

The Buyer, Metro II, LLC purchased the ±26,780 SF building for $5,200,000 from the Seller Teakko Group, Inc. who was represented by Heather Gogola of Creative Business Sales.

Office space is now being offered for lease and is being represented by Frank Castoro.

Brenner Team Relocates 26,000 SF Tenant

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Brenner Real Estate Group’s Kathleen Alberts, CCIM, Senior Vice President, Brokerage, Helen Weissman, CCIM, Commercial Associate, and Suzanne Lopez, Commercial Associate, represented Transportation Consultants of America d/b/a Quality Transportation in a 26,419 square foot office lease.

In a relo from Pompano Beach, the courier and delivery services company has set up shop within Quiet Waters Business Park, at 730 S. Powerline Road, Deerfield Beach.

The landlord, Quiet Waters Business Park, LLC was represented by co-broker Tony Hoover of CBRE.

RWNK’s Frank Morrison Sells 24,000 SF Office/Warehouse

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Frank B. Morrison of NAI Rauch Weaver Norfleet Kurtz & Co., represented the Seller in the recent sale of a 24,000 square foot office/warehouse building located at 3000 SW 4th Avenue, Fort Lauderdale.

The Property is situated on a 60,000 square foot parcel of land.

The Buyer, Cellular Supplies, purchased the building for $1,000,000 from the Seller, Scorpion Performance. Scorpion Performance relocated to a 100,000 square foot building in Ocala, Florida.

Small Bay Warehouse In Jupiter Fetches $4.4M

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The CBRE Private Capital Group (PCG) worked with the seller on the sale of a small-bay warehouse in Jupiter Park of Commerce in Jupiter.

The 52,641-square-foot warehouse at 1001 Jupiter Park Drive sold to Bessemer Trust Company, NA for $4,375,000, or $83.11 per square foot. CBRE represented the seller, 2501Bristol, Inc., Upland, LLC and Marina Apartments, Inc., all Florida Corporations.

“The strong price per square feet of this sale reflects the growing confidence investors have in well-maintained, highly functional, small-bay warehouse product in Northern Palm Beach County,” said Scott O’Donnell, CBRE Senior Vice President.

Built in 1989, the warehouse at Jupiter Park of Commerce sits on 3.64 acres and was 75% occupied at the time of sale.

CBRE Senior Vice President Robert Smith teamed with O’Donnell and PCG South Florida Commercial team members Dominic Montazemi, Miguel Alcivar and Jason Hochman to represent the seller. The buyer was represented by Judge Moss with Brown Harris Stevens.

Accent Closets Leases 8,354 SF At Powerline Business Park

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Michael Scarpino, CCIM, and Jennifer Scarpino of NAI Rauch Weaver Norfleet Kurtz & Co. represented the tenant, Accent Closets Inc. in the three year lease of 8,354 square feet at Powerline Business Park located at 2266 NW 30th Place in Pompano Beach.

Julie Miller of Cushman & Wakefield represented the landlord, Cabot III-FL2W06-W12, LLC.

Accent Closets is a leader in the custom closet industry. Established in 1988 they offer a full line of materials that range from sturdy ventilated wire to melamine to exquisite real wood.