Tag Archive for: alfie hamilton

Construction Company Inks Sublease Deal For 20,000 SF In Downtown Fort Lauderdale

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Core Construction Services of Florida has signed a sublease for a 20,000-square-foot office in Downtown Fort Lauderdale, taking over space previously occupied by Alms Health.

Located at 1 East Broward Boulevard, the sublease has 46 months remaining, according to Platinum Properties. Brokers Steven Evans and Brian Peer of Platinum Properties represented Alms Health in the transaction.

Listed at an annual rate of $24 per square foot, the total lease value is approximately $1.8 million, per a Platinum Properties representative.

Core Construction plans to open its new office on April 1 and intends to remain in the space beyond the sublease term.

Colliers’ Alfie Hamilton represented Core Construction in the deal, while Jeff Holding and Trent Slattery of Cushman & Wakefield represented Alms Health. Alms Health had occupied the office for nearly a decade.

Originally built in 1985, the 354,759-square-foot office tower was purchased by Pacific Coast Capital Partners (PCCP) in 2018 for $108.5 million, according to property records. Since 2023, the Los Angeles-based owner has invested at least $2.7 million in renovations to the 19-story building.

 

Source:  Commercial Observer

Downtown Fort Lauderdale Office Tower Trades, Pointe Group Advisors Awarded Management

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One of the largest privately held real estate advisers in the U.S. has acquired two prime office properties along Broward Boulevard in the heart of Fort Lauderdale’s business district.

Realty Associates Fund X LP, a real estate investment trust, paid $66.4 million for the downtown office towers at 203 SE First St. and 200 E. Broward Blvd., according to a deed recorded Friday. The building is home to multiple law firms, including Shutts & Bowen and Weiss Serota Helfman Pastoriza Cole & Boniske.

The buyer is linked to Boston-based TA Associates Realty LLC, which manages 91 million square feet of commercial real estate and 12,300 residential units in 35 markets nationwide. This deal gives it control of more than 540,000 square feet of prime office space.

One of the biggest tenants, Greenspoon Marder, moved nearly 100 lawyers into the building from the Cypress Creek area. In November, Greenspoon leased 64,964 square feet, expanding from one to four full floors and giving a strong boost to office absorption along the Broward Boulevard corridor.

The sale represented a gain for the seller, VV USA City LP, a German closed-end investment fund, which paid just under $44 million for the towers in separate transactions in 1998 and 1999, yielding a 51 percent return on the deal.

TA Associates Realty has selected Miami-based management, brokerage and advisory firm Pointe Group Advisors as the property manager for the building.

“Given our proven track record of performance and success in servicing assets in Broward’s suburban markets, our team is very excited about the opportunity to bring our award-winning property management platform into Fort Lauderdale’s central business district with the assignment at 200 Broward,” said Alfie Hamilton, Vice President of Pointe Group Advisors. “We look forward to executing the new ownership’s vision for the numerous capital improvement projects that will be undertaken to modernize the building so that it can compete with the newer product on Las Olas. Our team is committed to creating a tenant-friendly environment with our high-tech, high-touch approach of management, as well as assisting the leasing team all in an effort to maximize the value of 200 Broward.”

 

Source: DBR

Pointe Group Advisors Appoints Industry Veteran As President

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Miami-based Pointe Group Advisors announced that industry veteran William Holly has been named president of the firm, which specializes in property management, brokerage, acquisitions and development.

“We are delighted that William has joined Pointe Group Advisors to help lead our company as we look to expand,” said Peter C. Gardner, Founder and CEO of Pointe Group Advisors. “His extensive real estate experience in brokerage services makes him the ideal candidate to position our firm for further growth.”

Holly brings more than 20 years of experience in commercial real estate to his new role. He will be tasked with leading the firm’s expanding footprint in Florida and growing its brokerage services.

“This is a wonderful opportunity to build upon a best in class management platform and enhance brokerage services for Pointe Group Advisors,” added Holly. “I look forward to joining this team of experienced professionals and continuing to develop the brand in the Florida market.”

Holly has represented 20 ‘Class A’ office buildings in South Florida and owns the ‘Class A’ office pre-lease records in the Coral Gables, Brickell and Miami Beach submarkets. He has been responsible for 12 building naming and signage rights during his career. In addition, Holly has represented over 1.5 million square feet of tenants and sold more than $350 million in commercial real estate.

A native of Miami, Holly is active in the Florida community. He serves on the board of trustees for Ransom Everglades School, previously serving as chairman, and is chairman of CCCP, an organization that funds the construction of churches internationally. He is the past president of the Brickell Area Association and served as chairman of the Historical Museum of Sothern Florida. Holly is a graduate of Florida State University.

Pointe Group Advisors has offices in Miami, Fort Lauderdale, Palm Beach, Sarasota and Tampa, with three million square feet of commercial space under management and leasing.

Pointe Group Awarded Leasing For 60,000 SF Office Building

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Mike Crissy and Alfie Hamilton of Pointe Group Advisors have been awarded the leasing assignment for the Galleria Professional Building in Fort Lauderdale.

The building is 60,000 SF and sits along the Middle River adjacent to the Galleria Mall.

The building is owned by the Cornfeld Group, which previously handled the leasing in-house.