The new tenant, Florida Backyard by Fortunoff, will use the space as a warehouse and distribution center for its retail outlets in South Florida. CLICK ON THE HEADLINE FOR MORE
The transaction increases occupancy at the building by more than 25 percent. CLICK ON THE HEADLINE FOR MORE
Colliers International South Florida brokers Robert Listokin and Clinton Casey represented landlord State Teachers Retirement System of Ohio in a 51,500-square-foot lease at Quadrant Business Center located at 600 SW 12th Avenue in Deerfield Beach.
The new tenant, Florida Backyard by Fortunoff, will use the space as a warehouse and distribution center for its retail outlets in South Florida. The lease transaction is valued at $4 million. Florida Backyard was represented by New York-based Julius M. Feinblum Real Estate.
“The I-95 exposure of Quadrant Business Center, its location, and opportunities for expansion drew Florida Backyard to the space,” Listokin said. The family-owned manufacturer of casual furniture and accessories is based in Long Island, New York.
“Florida has always been at the top of our list,” said Bernard Sensale, CEO of the Fortunoff Backyard Store. “Our first retail stores are planned for Stuart, Boca Raton and Palm Beach Gardens. They will open between September and October of this year. Florida is a great outdoor market and many people here are from the Northeast and are already familiar with our brand and what we offer. We are receiving merchandise in our Deerfield Beach distribution center now, and we are training new staff and associates with the goal of expanding throughout Florida in the next three to four years. This location on I-95 gives us easy north-south access, and to Florida’s west coast.”
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.
Colliers’ Listokin, Casey Broker $4M Lease
/in Done Deals, News/by SFOBA STAFFThe new tenant, Florida Backyard by Fortunoff, will use the space as a warehouse and distribution center for its retail outlets in South Florida. CLICK ON THE HEADLINE FOR MORE
Avison Young Inks 17,000 SF Office Lease Deal
/in Done Deals, News/by SFOBA STAFFThe transaction increases occupancy at the building by more than 25 percent. CLICK ON THE HEADLINE FOR MORE