Tag Archive for: joseph freitas

C&W Named Exclusive Leasing Advisor For Boca Office Building

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Cushman & Wakefield has been named exclusive leasing advisor for Saber Centre I, a 101,347-square-foot office building located at 5901 Broken Sound Pkwy NW in Boca Raton, according to a release.

The Cushman & Wakefield office leasing team of John K. Criddle and Joseph J. Freitas has been hired by G&C Sabre Investors, LLC, an affiliate of Pompano Beach, FL-based real estate investment group Grover Corlew.

Criddle and Freitas were selected to reposition and rebrand the six-story Class A office building as the Grover Corlew team is months away from finishing a complete lobby, common area and elevator modernization.

“The high-floor penthouse vacancy at Saber Centre I offers over 17,500 square feet of sweeping golf course views making it one of the most unique corporate locations in Boca Raton,” said Freitas.

Office space at Saber Centre I is available from $18 to $22 NNN with a notable tenant roster that includes BSN, IBM, IWS, Ring Central and Education Dynamic.

“The Park at Broken Sound is one of the few active, mixed-use infill development sites in South Florida with more than 1,000 new multifamily units and 65,000-square-feet of new retail space,” said Criddle. “Given Saber Centre I’s wide range of availabilities, premium finishes and a tightening Palm Beach County Class A office market, we believe the building is uniquely positioned to capitalize upon the park’s revitalization and active Boca Raton marketplace.”

 

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.

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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.”