Tag Archive for: banyan street capital

Greenspoon Marder Inks 62,000-SF Office Lease In Fort Lauderdale

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Banyan Street Capital and its joint venture partner, funds managed by Oaktree Capital Management, have secured a 61,994-square-foot office lease renewal and restructure with tenant Greenspoon Marder, a national business law firm.

The firm will occupy space at 200 East Broward in Downtown Fort Lauderdale.

The 21-story, 227,158-square-foot office tower sits at the corner of East Broward Boulevard and Third Avenue near a number of retail and restaurant offerings on Las Olas Boulevard. The recently updated office property offers modern amenities, including newly renovated corridors and restrooms, a conference center and on-site cafe as well as views of the Atlantic Ocean and surrounding downtown skyline.

Jonathan Kingsley, Jarred Goodstein and Ilyssa Ettelman of Colliers International represented the landlords in the transaction. Thomas Capocefalo of Savills represented Greenspoon Marder in the lease.

 

AY’s Martin & Moore Awarded Pinnacle Corporate Park Leasing Assignment

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Avison Young has been awarded the exclusive leasing assignment for Pinnacle Corporate Park, a 260,000 square foot two-building office campus located at 500 and 550 West Cypress Creek Road in Fort Lauderdale.

Currently 84 percent occupied, the Park is one of the most highly sought after office locations in the Cypress Creek submarket, and brings Avison Young’s total square footage of Florida leasing assignments retained over the past 12 months to more than 425,000 square feet.

Principal Greg Martin and Senior Associate Peyton Moore with Avison Young’s Fort Lauderdale office will oversee the leasing activities for Pinnacle Corporate Park on behalf of the new ownership investment group led by Miami-based Banyan Street Capital and New York-based DRA Advisors.

The acquisition, which took place in November, is the second notable office building sale to close in the area recently, representing an uptick in investor activity within the steadily recovering Cypress Creek submarket.

“The exclusive leasing assignment of Pinnacle Corporate Park is a direct result of our effective approach to marketing the unique attributes of properties to retain and attract tenants,” said Martin. “Working with ownership, we plan to maintain the current success of the Park by identifying potential tenants positioned for the long-term.”

“With Broward County’s increase in employment, declining vacancy rates, and office building construction at a stand-still due to the lack of available land, the search for quality office space is prevalent among growing companies,” added Martin. “Pinnacle Corporate Park’s premier location and value in the market will allow us to secure gold-standard tenants within the buildings.”