Tag Archive for: john criddle

Cushman & Wakefield Negotiates 50,000 SF Office Relo, Expansion Lease

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Cushman & Wakefield negotiated a ±50,000-square-foot office relocation and expansion lease with South Florida Bible College & Theological Seminary (SFBC&TS) at 2200 SW 10th Street in Deerfield Beach.

Freitas

Criddle

Managing Director John K. Criddle and Senior Associate Joseph J. Freitas secured the long-term, full-building lease on behalf of Boca Raton-based investor Fields Realty. Criddle and Freitas were named exclusive leasing and sale agents for the former plug-and-play call center in Broward County’s Colonnade Business Center earlier this year. Casa Bella Realty’s Joe Souza represented SFBC&TS.

SFBC&TS was established as a Bible Institute in 1985, before evolving into a Bible College and Seminary in 1988. The first graduating class consisted of 80 students in 1990. It currently has an enrollment of more than 400 students. SFBC&TS relocated from 1100 South Federal Highway, where it occupied ±10,000 square feet.

“This location met the tenant’s expansion needs and was very accessible for students attending classes from all areas of Palm Beach and Broward Counties,” said Criddle. “SFBC&TS has been growing rapidly and this property will provide them with the expansion capabilities they have been looking for.”

2200 SW 10th Street was developed in 1995 on a 5.4-acre site. The building offered move-in ready call center space that translated well to an academic environment with elevated ceilings, 300 workstations, more than 36 offices, multiple conference rooms, a training room, a kitchen/break room and a server room. The building is situated on the south side of SW 10th Street, minutes from the Sawgrass Expressway, Interstate 95 and Florida’s Turnpike and less than two miles from the Deerfield Beach and Pompano Beach Tri-Rail stations.

 

C&W’s Criddle, Freitas Negotiate 83,000 SF In Lease Deals At Cypress Executive Center

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Cushman & Wakefield leasing agents John Criddle and Joseph Freitas have leased more than 83,000 square feet of space at Cypress Executive Center.

Criddle and Freitas represented ICM Realty Group in securing new leases with Delphi Behavioral Health Group, Wells Fargo Bank and Royal Seas Cruise Lines and secured lease renewals with Whiting-Turner Contracting Company and Humana Medical.

Cypress Executive Center is a six-story, 140,635-square-foot, Class A office building located in the heart of Cypress Creek at 1901 West Cypress Road.

ICM purchased Cypress Executive Center in early 2015 and has since successfully repositioned the building into a Class A property via an aggressive building renovation program. Improvements include the complete renovation of the building lobby, common areas, rest rooms and exterior landscaping, plus newly added amenities including a tenant wi-fi lounge, café and conference facility.

“We’re seeing tremendous interest in Cypress Executive Center driven by both ICM’s capital investments and prevailing market trends, which are driving demand in non-CBD markets like Cypress Creek,” said Criddle.

According to Cushman & Wakefield research, a tightening downtown Fort Lauderdale office market has boosted suburban demand. Coupled with significant regional employment gains, the Broward County office market stands to see significant gains in the coming months.

“As the Downtown CBD becomes less of an option due to limited space, many suburban markets that have not peaked will become more attractive to those forced out of downtown due to the high asking rental rates and restricted space availability,” wrote Senior Research Analyst Valerie Tatum in the firm’s 2Q 2016 Broward County Office MarketBeat report. “With limited construction in the pipeline, Cushman & Wakefield anticipates market fundamentals to tighten through the back end of 2016.”

 

C&W Tapped To Lease Boca’s Wells Fargo Plaza

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Cushman & Wakefield announced that it has been named exclusive leasing agent for Wells Fargo Plaza in Boca Raton.

Located at the corner of Camino Real Boulevard and Federal Highway at 925 South Federal Highway, Wells Fargo Plaza is a 105,000-square-foot, class-A office building.

Cushman & Wakefield Associate Director John Criddle and Senior Director Jon Blunk will represent the building’s owner, Real Estate Capital Partners, in marketing the available 105,000 square feet in the building.

Designed by iconic architect Philip Johnson, Wells Fargo Plaza offers sweeping ocean views from its eastern offices, dynamic golf course views and floor-to-ceiling glass along the dramatic curve of the building. The building is flanked by The Boca Resort & Club and Royal Palm Yacht & Country Club, two golf courses and dozens of dining options.

Real Estate Capital Partners has initiated modern interior design enhancements in the common areas and elevators, and has added new “move-in ready” suite renovations.

“Wells Faro Plaza’s high-end office space is centrally located and surrounded by amenities,” said Mr. Criddle. “Real Estate Capital Partners is a dedicated owner, and committed to the property and its tenants. We expect a great deal of interest in the available space, which ranges from 1,100 sf to 13,902 sf.”

Prominent building tenants include Wells Fargo, T. Rowe Price and Raymond James.

 

DCOTA Brings 35,000 SF In New Tenants Aboard

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In a series of separate transactions that continues the upsurge of office leasing activity at owner/developer Charles S. Cohen’s Design Center of the Americas (DCOTA), nearly 35,000 square feet of office space has been leased at the distinctive 30-acre, three-building Class A corporate center, bringing the total square footage of office deals to-date to over 100,000 square feet.

In the largest transaction, Magic Leap, a cutting edge digital animation and cinematic reality experience creator, has leased 11,500 square feet on the 4th floor at 1855 Griffin Road for its corporate offices.  The company, which is relocating from Hollywood, was represented by Bennett David of Sara David Realty, Inc.  John Criddle and Jon Blunk of Cushman & Wakefield of Florida, as well as Marc Horowtiz and Jennifer Doering of Cohen Brothers Realty, represented the landlord in the 8-year leasing transaction.

In another recent transaction, Orthosenor, Inc., a developer of orthopedic devices and real-time medical software, has leased 10,000 square feet on the 3rd floor for its new southeast headquarters.  The company is relocating from Sawgrass Corporate Park in Sunrise. John Criddle and Jon Blunk of Cushman & Wakefield of Florida, as well as Marc Horowitz and Jennifer Doering of Cohen Brothers Realty, represented both the tenant and the landlord in the 6-year leasing transaction.

Also relocating to DCOTA is ALS Management Solutions, LLC, a mortgage and loan servicing business which has taken 7,997 square feet of office space on the 3rd floor for its new Broward County headquarters. The company, which is currently located in Cypress Creek, was represented by Alex Brown of Cresa Partners in the nine-year transaction.

And finally, Empire Estate Holdings LLC, a newly formed internet marketing firm, has leased 5,300 square feet. Travis Herring of CBRE represented the tenant while John Criddle and Jon Blunk of Cushman & Wakefield of Florida, together with Marc Horowitz and Jennifer Doering of Cohen Brothers Realty, represented the landlord in the 7-year leasing transaction.

According to John Criddle and Jon Blunk of Cushman & Wakefield of Florida, exclusive office leasing agent for DCOTA, the 775,000-square-foot property, outstanding amenities, central location and close proximity to major highways were key factors in attracting all four tenants.

“While the property is extremely popular in the art/design community, we are seeing a strong uptick in leasing activity from non-design tenants as well,” Criddle said, noting that the new deals come on the heels of two other notable recent office transactions at the complex, including a 15,069-square-foot lease for Avis Budget Group and a 9,406-square-foot lease for Hull & Company.

Charles S. Cohen heads a multi-faceted real estate development company that owns and manages over eleven million square feet of prime Class A Manhattan, West Side Los Angeles and Houston commercial space. Among his signature New York commercial properties are 623 Fifth Avenue, 135 East 57th Street, 805 Third Avenue, 750 Lexington Avenue, 622 Third Avenue, 979 Third Avenue, 3 East 54th Street, 475 Park Avenue South, the D&D Building at 979 Third Avenue and 333 Westchester Avenue in White Plains, NY.

Surgical Firm Signs 15,000 SF Lease

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Mako Surgical has signed a 15,000-square-foot, long-term lease at the Design Center of the Americas Office Center in Dania Beach.

DCOTA Office Center is located at 1855 Griffin Road and consists of 250,000 square feet.

Mako was represented by Peter Sheridan, senior vice president at Jones Lang LaSalle in the deal. Cohen Brothers Realty was represented by Cushman and Wakefield’s John Criddle and Jon Blunk. Viktoria Telek, director of DCOTA Office Center and Cohen Brothers’ vice president of office leasing, Marc Horowitz, also represented Cohen Brothers.

Mako will be using the space for corporate meetings and as a training center. Cohen Brothers is based in New York and manages more than 12 million square feet nationwide.

Source: The Real Deal

Cypress Office Building Has New Owner

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Cypress Centre, a 5-story office building located at 6600 North Andrews Avenue in Fort Lauderdale, has been taken back by New York Life, following foreclosure proceedings in December.

The building was owned by CBRE.

The 131,063 square foot building was built in 1986 and renovated 2002 and currently has 80,000 square feet available for lease. John K. Criddle and Jon Blunk, both of Cushman & Wakefield, have been awarded the leasing assignment for the property.