Tag Archive for: stiles realty

Office Leasing Veterans Join New Firms

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Pike Rowley, Avison Young Principal and Managing Director of the firm’s operations in Florida, announced the appointment of Paul Marko as Avison Young Principal.

Marko will be focused on serving and advising office occupiers in South Florida.

“Office occupiers are facing major decisions about their office needs and workforce,” said Rowley. “With exceptional industry expertise and market knowledge, Paul is positioned to provide clients with data-driven insights and solutions that meet their business needs.”

This year, the South Florida office market has seen overall rent growth begin to decelerate due to an increasing supply pipeline, and a record amount of office space under construction with significant deliveries expected by year end. At the same time, companies are taking an active holistic and strategic view of office footprints in a post-pandemic world to meet the expectations of their workforce and business needs.

“Avison Young is a great match for my skill set; its recent expansion of consulting across the Americas and investment in technology and innovation will help drive my ability to use data and analytics to fuel insights for the companies and industries I serve,” said Marko. “The firm’s culture of collaboration, integrated services and client-centric approach are consistent with my own business approach, helping to provide solutions to clients for the issues of today and tomorrow.”

Marko has more than 30 years of experience in commercial real estate across office tenant representation, buyer broker services, lease/portfolio administration, project management and consulting. He joins Avison Young after eight years at Stiles Realty, where he served as President overseeing the leasing and sales division. Prior to Stiles, Marko served as First Vice President at CBRE in Ft. Lauderdale in the firm’s global corporate services and office tenant advisory services groups. He is a graduate of Florida Atlantic University.

CBRE announced that industry veteran Madelayne Garcia has joined the firm as senior vice president of Advisory and Transaction Services, specializing in office landlord representation across South Florida. Ms. Garcia joins CBRE with more than 25 years of commercial real estate experience.

“We are thrilled to welcome Madelayne to our South Florida team,” said David Bateman, Managing Director at CBRE. “She brings a wealth of experience, and we are confident that her contributions will continue strengthening and expanding our capabilities in landlord representation in our region.”

Ms. Garcia joins CBRE from Stiles Realty, where she was since 2001. Prior to Stiles, Ms. Garcia was the Director of Leasing at The Hogan Group. During her tenure at The Hogan Group, she represented Royal Palm at SouthPointe, a joint venture between The Hogan Group and Credit Suisse First Boston.

Ms. Garcia has won several awards throughout her career, including CoStar Power Broker Award from 2006 to 2019, the Florida Real Estate Journal’s Top Woman in Commercial Real Estate Award, Daily Business Review’s “Top Dealmaker of the Year – Leasing”, among others.

 

Stiles Realty’s Madelayne Garcia Renews T-Mobile, New York Life At Lake Shore Plaza II

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Stiles Realty, a division of the full-service commercial real estate firm, Stiles, announced lease renewals for T-Mobile and New York Life Insurance Company at Lake Shore Plaza II.

Stiles Realty Senior Vice President Madelayne Garcia represented the landlord in the transactions. Mitchell Millowitz of NKF and Cameron Tallon of JLL represented T-Mobile and New York Life respectively.

Lake Shore Plaza II

Lake Shore Plaza II

T-Mobile renewed its 21,104 SF office space while New York Life signed a renewal for its 32,942 SF space. Located at 1300 Concord Terrace in Sunrise, Lake Shore Plaza II is a 128,470 SF Class A office building in the heart of Sawgrass Corporate Park. The LEED Silver certified building is located along the Sawgrass Expressway, minutes from shopping, dining and entertainment, including Sawgrass Mills Mall, IKEA, and BB&T Center.

“We are pleased that established global brands such as T-Mobile and New York Life continue to put their trust in us for their office needs,” Garcia said. “These renewals further illustrate the attractiveness of Lake Shore Plaza II for both existing tenants looking to renew as well as new firms moving into the area.”

T-Mobile provides wireless voice, messaging, and data services and operates the third largest wireless network in the nation with more than 65.5 million customers and annual revenues of $32 billion.

New York Life, a Fortune 100 company founded in 1845, is the largest mutual life insurance company in the United States and one of the largest life insurers in the world. New York Life’s family of companies offers life insurance, retirement income, investments, and long-term care insurance.

Stiles Realty Adds Industry Veteran To South Florida Team

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Stiles announced that Joseph Jarkesy has joined the team as a Vice President in Stiles Realty, a division of the full-service commercial real estate firm, Stiles.

With more than 15 years of commercial real estate experience, Jarkesy will focus on landlord and tenant representation of office and retail space as well as owner representation in the acquisition, holding, and disposition of their real estate assets.

Previously, Jarkesy was with The Fitzgerald Group, where he specialized in landlord representation of office buildings in the Fort Lauderdale area. He brokered more than $40 million in commercial real estate transactions over the last five years.

 

“Joe is a knowledgeable professional who brings a wealth of commercial real estate experience to our team,” said Paul Marko, president of Stiles Realty. “His legacy of success with retail and office leasing as well as owner representation will be a great asset to the Stiles Realty team.”

Jarkesy has completed all the courses to sit for the CCIM designation test in the fall of 2019 and is a member of the South Florida Office Brokers Association (SFOBA). He earned a Bachelor of Science in Real Estate and Finance and a certificate in Urban and Regional Planning from Florida State University.

 

Stiles Represents Behavioral Health Firm In New 30,000-SF Lease Signing In Lauderdale Lakes

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Stiles Realty, a division of the full-service commercial real estate firm, Stiles, announced that Infinity Behavioral Health Services, a behavioral healthcare management provider, signed a long-term lease for 30,000 square feet in Lauderdale Lakes at Headway Office Park.

Stiles Realty Senior Vice President Madelayne Garcia represented Infinity Behavioral Health Services. Donna Korn and Beau Ladwig of Cushman & Wakefield represented the landlord.

Inifinity’s new office includes two contiguous floors that are fully renovated, including updated tenant spaces, common areas and building systems. Stiles Realty worked closely with the building management to meet the tenant’s build-out needs, which include personal call rooms and conference areas.

“Infinity was seeking a unique space to expand their operations and remain in Broward County” Garcia said. “Infinity is a very employee-friendly company with a serene working environment, including a casual dress code and the ability to bring pets to work. With our knowledge of the market, and great working relationship with the management team, we were able to create the environment Infinity was seeking.”

Since 2011, Infinity Behavioral Health Services has been providing revenue cycle management services to behavioral healthcare providers. Infinity centers its process around industry-leading consulting services and an extensive account management system.

 

International Digital Consultant Firm Inks 20,000 SF Lease

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Stiles Realty is pleased to announce a new lease signing as well as a pair of lease renewals at Sawgrass International Corporate Park in Sunrise.

Synechron, Inc., a $500 million international digital consulting firm, signed a lease for 19,683 square feet while insurance firm MacNeill Group renewed its lease for 37,818 square feet at Sunrise Corporate Plaza. Additionally, Emerson renewed its lease for its 17,065-square-foot Latin American headquarters at Lake Shore Plaza II.

Senior Vice Presidents Madelayne Garcia and Tom Kates handled the leasing for Stiles Realty, a division of the full-service real estate development firm, Stiles.

Sunrise Corporate Plaza (107,748 SF) and Lake Shore Plaza II (128,470 SF) are Class A office buildings featuring impact-resistant windows, lakefront views and outdoor courtyards. Both are located within Sawgrass International Corporate Park, just one mile from the Sawgrass Mills Mall and BB&T Center with convenient access to I-75, the Sawgrass Expressway and I-595.

“The addition of Synechron as well as the renewals of MacNeill and Emerson continue to affirm Sunrise Corporate Plaza and Lake Shore Plaza II as attractive office locations for top national technology and professional service firms,” Garcia said.

Headquartered in New York City, Synechron has more than 8,000 employees operating in 18 countries. Synechron provides a wide range of digital consulting services from strategy and UX to marketing science and development. The 89-month lease is valued at $4.6 million. Tenant representative was Tony Jones of Cushman & Wakefield.

A member of the Team Focus Insurance Group, MacNeill Group’s 130-month renewal is worth $40 million. MacNeill was established in 1946 and works exclusively with top-rated property and casualty (P&C) insurance companies specializing in commercial, personal, transportation and flood lines, and provides independent agents throughout the Southeast. Robert Listokin of Colliers lnternationalrepresented the tenant in the lease negotiations.

A 128-year-old global automation technology and software company, Emerson provides technologies and strategies for customers in manufacturing industries such as oil and gas, power, chemical, life sciences and others. The company has 76,500 employees across the globe and revenues over $25 billion. The renewal is for 65 months at a value of $3.1 million. The national tenant representative was Patrick Fitzgerald of Axiom Advisory Group while Zach Talbot of Cresa South Florida was the local tenant representative.

Industry Veterans Launch New Brokerage Firm, Hit Ground Running With 120,000 SF Assignment

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South Florida commercial real estate brokers Patrick Conness and Mike Crissy are pleased to announce the launch of their newly formed company, Conness Crissy Real Estate Advisors (CCREA), a boutique brokerage and advisory firm based in Fort Lauderdale.

With over 30 years of combined industry expertise, the duo boasts a successful track record of representing local business owners as well as Fortune 500 companies throughout South Florida, including notable clients’ City Furniture, Sunbelt Rentals, West Marine, GE Aviation, Atlantic Southern Paving, and Delta Apparel. Their trusted relationships with these firms and their deep roots in the community have been instrumental to their success.

Patrick and Mike’s partnership began in 2013 at Stiles Realty. They have individually worked for several renowned firms previously, including Massey Knakal Realty, Jones Lang LaSalle, Berger Commercial Realty and The Staubach Company.

“We’ve been fortunate to have had the opportunity to work for some of the most well-respected brokerage firms in the industry,” commented Conness. “With our new venture, we’ve taken the good from each of these companies and combined them with our own methods. We see a lot of room for improvement in the brokerage business and now have the opportunity to offer our clients a unique platform that will help them achieve their real-estate focused goals.”

“As Fort Lauderdale natives, we feel a deep connection to our hometown and are committed to helping property owners and businesses succeed, added Crissy. “We have built trusted and long-standing relationships with some of the best South Florida real estate brokers, lenders, attorneys, contractors, and other industry professionals that are necessary to complete a commercial transaction. We are building winning teams that are producing positive results for our clients.”

As part of their first order of business, CCREA has been engaged by IBB USA to offer advisory services on its 120,000-square-foot headquarter facility in Sawgrass International Corporate Park in Sunrise.

With offices in New York, London, Bangkok, Paris & Tel Aviv, IBB USA is an international jewelry design company that distributes product to major retailers such as Kohl’s, Amazon, Belk, Macy’s and Zales.

IBB USA is currently building out 9,000 SF of office space for their executives on the second floor and will have +/-33,500 SF coming available in April 2018. With a 7 per 1000 square feet parking ratio and attractive lease rate, the available space is ideal for any tenants with high parking requirements.

The entire building will be extensively renovated, enhancing the overall curb appeal of the asset. Additionally, IBB USA has excess land adjacent to its headquarters and has plans to build either a 35,000 SF office building or a 40,000 SF industrial building, which CCREA will be marketing in 2018.

“We are in the preliminary stages of planning this project, but early interest has been very encouraging,” explained Crissy. “We are in a unique position of having the flexibility to respond to market demand by offering either office, industrial or flex space.”