Tag Archive for: cushman & wakefield

Cushman & Wakefield Named Exclusive Leasing Agents For 7th, 8th Floors At The Oaklyn Campus

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Cushman & Wakefield has been retained as the exclusive leasing agents for the 7th and 8th floors at 3101 N Federal Highway, a premier office opportunity located within The Oaklyn Campus in Oakland Park.

Cushman & Wakefield’s Donna Korn and Beau Ladwig will serve as the exclusive leasing agents on behalf of the landlord.

“The Oaklyn Campus represents a rare opportunity to secure premium office space within a true live-work-play destination,” said Korn. “The combination of luxury residential, vibrant retail and high-quality office product just one mile from the beach makes this a highly compelling location for today’s tenants.”

Positioned at the intersection of Federal Highway and Oakland Park Boulevard, one of the busiest in Broward County, the property offers ±16,000 square feet of contiguous, full-floor office space. With floor-to-ceiling windows and expansive views, the space provides tenants with a modern, light-filled work environment. Tenants also benefit from access to 660 parking spaces shared across the campus and visibility to more than 100,000 vehicles per day as well as a curated mix of on-site retail and wellness offerings, including Carrot Express, Bondi Sushi, La Birra Bar, Imperial Moto Café, Pure Barre and more—all within the Oaklyn Campus.

The Oaklyn Campus comprises 274 luxury apartments, 20,000 square feet of ground-floor retail and over 100,000 square feet of Class A office space. Its central location offers immediate access to restaurants, fitness studios and the beach.

 

JLL Arranges Five Office Leases Totaling 34,000 SF At Presidential Circle In Hollywood

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JLL announced the completion of several new leases, including relocations, extensions, expansions and renewals at Presidential Circle in Hollywood that drive total occupancy at the two-tower, Class A office complex to 88 percent.

Situated at 4000 Hollywood Blvd., the 281,625-square-foot office building has executed leases with new and existing tenants from financial services firms to medical office users ranging in size from approximately 2,963 to over 16,000 square feet.

JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.

“As top-tier office space in markets like Miami and West Palm Beach become scarce and more expensive, Hollywood is increasingly becoming the location of choice for companies looking for quality office space at a much more competitive price in South Florida,” said Titcomb. “An iconic property like Presidential Circle is perfectly situated for businesses across all industries looking to take advantage of its strategic location between both major interstates and within close proximity to Fort Lauderdale-Hollywood International Airport (FLL), the world’s second busiest cruise port and the nation’s fifth largest healthcare system.”

Among the new additions to Presidential Cricle’s distinguished roster of office tenants are:

  • Relocating from Downtown Miami, Air Charter Service, the world’s largest aviation brokerage, offering helicopters, private jets and executive airliner charters, as well as a huge range of small specialist aircraft for all business needs, signed a new lease for 5,425 square feet of space in the North Tower. Air Charter Service was represented by Tyler de la Peña of Colliers. (Tyler has recently joined JLL as Senior Vice President.)
  • AR Capital Group, a financial services company founded in 2014 with a mission to provide innovative solutions to clients’ commercial finance needs, will be relocating from another location in Hollywood and occupy 4,929 square feet in the North Tower.
  • Starlims, which delivers globally recognized laboratory information management systems and informatics solutions for cutting-edge labs, has renewed its lease and taken 10,385 square feet of space in the South Tower. Starlims was represented by CBRE’s Keith Edelman and Scott Goldstein.
  • Hazen and Sawyer, a firm that provides environmental engineering services to clients in the areas of water quality and supply, completed a 16,312-square-foot office lease renewal. The tenant was represented by Curtis Dean of CD Commercial Real Estate Services.
  • DermCare, a specialized practice management company designed for and by seasoned dermatology professionals, has renewed its 9,937-square-foot lease early for its corporate headquarters location. The full-service practice management company was represented by Tony Jones with Cushman & Wakefield.
  • For more than 70 years, NPC Financial has been helping individuals, families, and businesses make well informed decisions regarding their finances. The South Florida-based financial planner, represented by JLL Executive Managing Director Steven Hurwitz, extended its lease for 2,963 square feet of space in the North Tower.

“As the property’s ownership, we remain committed to continuing to reinvest in enhancing the office building to provide a best-in-class experience on a consistent basis for all of the esteemed companies that are tenants in our property,” added Eric Levy, Vice President of CDS Realty Investments, LLC. “The recent leasing success and number of renewals executed by the JLL team underscore tenants’ commitment to having their business address at Presidential Circle.”

Centrally located directly on one of Hollywood’s most traveled boulevards, Presidential Circle offers convenient access to Interstate 95 and Florida’s Turnpike. While the seven-story property features many on-site amenities including a café and banking center, additional restaurants and banking options are within walking distance including Jimmy Johns, Picadilly, Sub City, Wendy’s, Capones Italian, Il Posto, Sebastianos, and many more. ​Additional nearby retail options including shipping and office service stores include Target, CVS, Publix, Walmart, FedEx Office and UPS Store. Presidential Circle features a 24/7 lobby attendant and security, on-site property management and spacious conference facilities, in addition to a 4 to 1,000-square-foot parking ratio with covered options. Tenant-ready suites are also available for lease.

According to JLL’s latest office insight report for Broward County, development remains limited in Fort Lauderdale, with only T3 FAT Village East and West under construction. The office market exhibited a somewhat sluggish start to the year, however, rents continued their upward trajectory settling at $46.88 per square foot full service, marking an impressive 17.3% increase year-over-year.

 

Comcast Vacates 64,000 SF In Sunrise, Moves To Pembroke Pines

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Comcast has chosen not to renew its lease at the Sawgrass International Corporate Park in Sunrise, choosing instead to relocate its internet connectivity team to a new office in Pembroke Pines.

A report from Cushman & Wakefield for the first quarter shows that Comcast vacated 63,850 square feet at 789 International Parkway. That space is now being marketed for lease.

The vacated area accounts for more than half of the 112,791-square-foot building, which is owned by MG3 Sawgrass Office LLC, a company based in Aventura. The building was built in 1999.

Comcast representative Steve Campion explained that the Sunrise location wasn’t being fully used, prompting the move. The team has now settled into a 28,890-square-foot space at The Edison Pembroke Pines, located at 1200 SW 145th Ave.

According to Campion, the smaller office is a better fit for the company’s current needs and offers proximity to the Shops at Pembroke Gardens, a well-known outdoor shopping center. He also mentioned that the new office, completed in 2019, offers a more modern and appealing environment for employees.

 

Source:  SFBJ

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

PPG Development Hopes To Bring Class A Office Building To Broward

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Ari Pearl’s PPG Development has submitted plans for a 25-story office tower in Hallandale Beach, positioned opposite its Shell Bay development. Shell Bay features an upscale country club with a golf course, luxury residences, a hotel, and premium condos still being built. PPG Development intends to relocate its headquarters to this new tower from its current spot within Shell Bay.

Pearl describes the project as a unique Class A office building, unmatched in South Florida for its extensive amenities. Located at 1800 E. Hallandale Beach Blvd. on a 14-acre plot, the tower will offer 235,664 square feet of office space, 10,862 square feet of retail, and 885 parking spaces. Its indoor perks will span 18,851 square feet and include a pool, spa, cold plunge, gym, sauna, steam room, massage area, sports lounge, lockers, collaborative workspaces, and a playroom for kids. Outside, tenants can enjoy padel ball, pickleball, a jogging path, and a lounge area.

This mix of residential-style features sets it apart from most South Florida office towers, which typically lack such offerings unless paired with condos or hotels. Pearl notes that companies expanding in the region increasingly seek top-tier offices with extras that go beyond standard Class A designs, catering to a lifestyle where convenience is key.

Designed by Miami’s Kobi Karp Architecture, the tower’s floor sizes will range from 19,120 to 20,125 square feet. Pearl has enlisted Cushman & Wakefield to promote the office space, with marketing set to begin within 30 to 60 days, aiming for a groundbreaking in six months. This would mark Broward County’s only significant office project outside downtown Fort Lauderdale currently underway.

Pearl praises the site’s prime location, nestled between two major airports, near Aventura’s Brightline station, off I-95, and close to hotspots like Gulfstream Park, Aventura Mall, and Bal Harbour Shops. He points to the growing number of affluent residents in nearby areas like Sunny Isles Beach and Bal Harbour, where Class A office space is scarce. With global firms—think private equity, banks, and tech—flocking to South Florida, Pearl is confident the right tenants will fill the building, though he’s keeping rental rates under wraps for now.

The project, valued at $140 million per the city’s development list, awaits a city hearing. PPG Development, via PPG 1800 HBB Owner LLC, bought the land for $13.95 million in 2023.

 

Source:  SFBJ

Three Companies Secure Space At 110 East Broward

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In the coming months, three diverse companies—a bank, an IT firm, and a provider of autism therapy services—will be relocating to a 24-story office tower in downtown Fort Lauderdale.

Pebb Capital, Intalex Capital, and CDS International Holdings revealed that their 110 East Broward Boulevard building, a 24-story structure, is now 64% leased, following a series of office lease agreements over the past 15 months.

The largest tenant will be ABA Centers of America, a South Florida-based provider of autism therapy. Listed among the fastest-growing private companies by Inc. Magazine and the Business Journal, ABA Centers will occupy 48,000 square feet across the building’s top three floors. The company had originally planned to occupy a single floor but will now take up more space once construction is complete in January, according to ABA’s Director of Public Relations, Katie Murphy.

Founded in 2020, ABA Centers specializes in autism treatment at its facilities in Florida, New Hampshire, and Massachusetts. The company is also preparing to open a 13,341-square-foot testing and treatment center near South University’s Royal Palm Beach campus.

Seacoast Bank, the sixth-largest bank headquartered in Florida, will open a 7,795-square-foot retail branch and office on the building’s first floor in May. Based in Stuart, Seacoast Bank made notable acquisitions in 2022, purchasing Miami’s Apollo Bank for $168.3 million and Coral Gables-based Professional Bank for $489 million.

Chelsea Technologies, a New York-based IT services provider for hedge funds, banks, and private equity firms, will take up a 3,221-square-foot office on the 20th floor. Chelsea is scheduled to move in June, relocating from its current office at 101 N.E. 3rd Ave in Fort Lauderdale, according to a spokesperson for Pebb Capital.

Travis Herring and Katherine Ridgway of Cushman & Wakefield represented the building’s landlords in the lease negotiations.

In May 2023, the South Florida real estate firms Pebb, Intalex, and CDS acquired the 110 East Broward Boulevard building for $43 million. At the time of purchase, the 1982-built office tower was only 28% leased, as noted in a press release from the owners.

 

Source:  SFBJ