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CBRE, HS Capital Facilitate Over 15,000 SF Of Leases At Cypress Corporate Center In Fort Lauderdale

December 26, 2022/in Done Deals, News/by SFOBA STAFF

Gordon Messinger with CBRE represented the landlord, HS Capital, in the lease negotiations.

Shutts & Bowen Expansion, Zions Bank Lease Bring The Main Las Olas To 100% Leased

December 18, 2022/in Done Deals, News/by SFOBA STAFF

The Main Las Olas was developed by Shorenstein Properties LLC and Stiles, two real estate leaders with development track records spanning more than a century.

CBRE, HS Capital Facilitate Over 15,000 SF Of Leases At Cypress Corporate Center In Fort Lauderdale

December 26, 2022/in Done Deals, News/by SFOBA STAFF

Gordon Messinger with CBRE represented the landlord, HS Capital, in the lease negotiations.

Shutts & Bowen Expansion, Zions Bank Lease Bring The Main Las Olas To 100% Leased

December 18, 2022/in Done Deals, News/by SFOBA STAFF

The Main Las Olas was developed by Shorenstein Properties LLC and Stiles, two real estate leaders with development track records spanning more than a century.

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CBRE, HS Capital Facilitate Over 15,000 SF Of Leases At Cypress Corporate Center In Fort Lauderdale

December 26, 2022/in Done Deals, News/by SFOBA STAFF

CBRE has arranged over 15,000 square feet of leases at Cypress Corporate Center, a 140,635-square-foot Class A office building located in Fort Lauderdale’s Cypress Creek submarket.

Gordon Messinger with CBRE represented the landlord, HS Capital, in the lease negotiations.

America’s Consumer Advocacy (ACA) Group, a legal professional services organization, leased 5,691 square feet of office space on the 4^th floor and will occupy the building in January 2023. The new office marks the group’s second location in South Florida, and it will employ approximately 15 people with plans to double in headcount. The Easton Group’s Jake Weiss represented ACA Group.

Additionally, Humana, one of the largest health insurance providers in the nation, has renewed their 9,663-square-foot lease at Cypress Corporate Center. Cushman & Wakefield’s AJ Belt represented Humana.

“HS Capital has made a major financial commitment to enhancing Cypress Corporate Center. The property provides employers the best value play in the Cypress Creek submarket with high visibility, the best parking ratio in submarket, and a location drawing in talent from across Palm Beach, Broward and Miami-Dade counties,” said Messinger, CBRE Executive Vice President.

Cypress Corporate Center is a six-story office building located at 1901 W. Cypress Creek Road. HS Capital recently acquired the building and has completed renovations, which include updates to the lobby, restrooms, common areas, building exterior, and landscaping. Additionally, there is a new tenant lounge, conferencing facility, and a micro-market open for breakfast and lunch options. The property is 89% occupied by various tenants including DataCore, Delphi Behavioral Health Group and Total Quality Logistics.

Cypress Corporate Center is within a short drive to numerous amenities, including retail, dining and banking options. Additionally, tenants have nearby access to the TriRail, the Fort Lauderdale Executive Airport, Interstate 95, and the Florida Turnpike.

Shutts & Bowen Expansion, Zions Bank Lease Bring The Main Las Olas To 100% Leased

December 18, 2022/in Done Deals, News/by SFOBA STAFF

Blanca Commercial Real Estate announced that The Main Las Olas office component is now 100% leased, twenty four months after receiving its temporary certificate of occupancy with the 3,670 RSF expansion of Shutts & Bowen and new tenant Zions Bank leasing 3,931 RSF of office space.

The property is a 1.4 million-square-foot, mixed-use office, residential and retail community featuring Class A offices, stunning high-end architecture, chic residences and destinations for gathering, dining and shopping. The 25-story property features a 387,402-square-foot tower, 17,355 square feet of total retail space, a 2,951-square-foot fitness center, 3,360-square-foot office lounge and conference center, along with an outdoor terrace featuring a fire pit, bar and glass floor oculus with panoramic views of Las Olas and the beach with event and conference space.

The property’s leasing team is led by Danet Linares, executive vice chairman of Blanca Commercial Real Estate, alongside Christina Jolley, senior vice president; Sky Jones, associate vice president; and Tere Blanca, chairman & CEO.

The Main Las Olas was developed by Shorenstein Properties LLC and Stiles, two real estate leaders with development track records spanning more than a century, and was designed by nationally acclaimed architecture firm Cooper Carry.

Shutts & Bowen was represented by Zach Wendelin and Kevin Probel of CBRE, Inc.

Tenants at The Main Las Olas include financial, legal, real estate and insurance sectors, both relocation and new-to-market, solidifying the continued demand for office space in Fort Lauderdale. Moxies and Fogo de Chão will occupy the anchor retail on the ground floor of The Main Las Olas. Tenants include, among others:

JPMC
Marcum
RSM
Starr Indemnity
Raymond James
Cherry Bekaert
Synovus Bank
Walker Dunlop
Starboard Value

“We are thrilled to reach this milestone,” said Linares, Executive Vice Chairman of Blanca Commercial Real Estate. “Over the last year, flight-to-quality remained at the forefront of all major office moves and the uptick of new-to-market demand translated into the stellar performance of new office developments and top-tier existing Class A office space.”

Shorenstein and Stiles developed The Main Las Olas, anticipating the demand for high-quality, luxury office space with world-class architecture and amenities that differentiate the property as the preferred choice for corporate users and its employees. As the only office building in the region offering businesses a full range of amenities, conference space and ceiling heights and surpassing anything else in the market, The Main Las Olas has been the premier choice for companies migrating to South Florida due to the pandemic.

The Main Las Olas is the first new construction class A office space in downtown Fort Lauderdale in more than a decade, further solidifying Broward County’s downtown core as a major player in the commercial real estate office sector. Low taxes and quality of life compared to other major cities are two of the big factors driving the continued migration to South Florida including downtown Fort Lauderdale, one of the most dynamic and growing urban centers in the region. Well-known companies headquartered in Broward County include AutoNation, Citrix, Spirit, Virgin Voyages, Microsoft’s Latin American headquarters, Royal Caribbean International, Chewy, and Hotwire Communications. Other major companies with a significant presence include American Express, Chiquita, JetBlue, Marriott, and DHL.

“We are extremely pleased with the success of The Main Las Olas, the first luxury office of its kind,” said Charles Malet, President and Chief Investment Officer at Shorenstein. “The property underscores Shorenstein’s continued focus on developing differentiated, best-in-class office properties in attractive and growing markets. As preferences for office spaces continue to evolve, we believe these types of top-quality spaces will remain the desired choice for tenants nationwide.”

“Along with our partner Shorenstein, we set out to establish a new bar for luxury urban office, not only in Fort Lauderdale, but in all of South Florida,” said Stiles CEO Ken Stiles. “The Main Las Olas offers a truly distinctive integrated work, life and entertainment experience with an unmatched level of quality, amenities and design. We are proud to have had the opportunity to continue our 72 year track record of quality development with this iconic project.”

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CBRE, HS Capital Facilitate Over 15,000 SF Of Leases At Cypress Corporate Center In Fort Lauderdale

Shutts & Bowen Expansion, Zions Bank Lease Bring The Main Las Olas To 100% Leased

CBRE, HS Capital Facilitate Over 15,000 SF Of Leases At Cypress Corporate Center In Fort Lauderdale

Shutts & Bowen Expansion, Zions Bank Lease Bring The Main Las Olas To 100% Leased

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CBRE, HS Capital Facilitate Over 15,000 SF Of Leases At Cypress Corporate Center In Fort Lauderdale

Shutts & Bowen Expansion, Zions Bank Lease Bring The Main Las Olas To 100% Leased

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