Tag Archive for: tower 101

Private Logistics Company TransLoop Opens Fort Lauderdale Office, Plans To Hire 40 In 2023

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Chicago-based private logistics company TransLoop recently opened the doors to their brand-new Florida office at 101 Centre, located in Downtown Fort Lauderdale at 101 NE 3rd Avenue.

The office will be integral to TransLoop’s hiring projections for 2023 with space for 40 new hires. The team’s expansion amongst the South will only continue to grow as the industry’s hunger grows within the region.

The recently renovated building overlooks Downtown, and features a full-service café, conference facilities, 24/7 security, and integrated structured parking.

CBRE‘s Brian McDonnell, Bill Sheehy, and Thomas Haughton represented TransLoop in the transaction. CBRE‘s ​​John Criddle, Joe Freitas and ​Allie Lancashire represent the landlord, Ivy Realty.

“It’s always an exciting time when we open a new office space. Our goal is to keep expanding in our current markets, while tapping into new talent pools. Our location strategy also focuses on employee relocation interest. This allows our team to feel motivated and excited about internal growth and leadership opportunities, while providing them the mobility to pursue opportunities at any office within our company,” commented Nick Reasoner, Founder, and CEO of TransLoop.

A hiring spree is currently taking place for all positions, including:

  • Customer Sales Representatives (Mid-Market & Enterprise)
  • Carrier Sales Representatives (Mid-Market & Enterprise)
  • Operation Specialists and Account Growth Managers

 

C&W Tapped To Lease Two Class A Office Buildings In Downtown Fort Lauderdale

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Cushman & Wakefield has been retained to oversee leasing at Tower 101 and 101 Centre, two Class A office buildings totaling approximately 230,000 square feet, located in the heart of Fort Lauderdale’s Central Business District.

John Criddle and Joe Freitas of Cushman & Wakefield will lead leasing efforts on behalf of the owner, IVY Realty.

The 21-story Tower 101 totals approximately 179,000 square feet, and the adjacent six-story 101 Centre totals approximately 50,000 square feet. Notable tenants include Uniform Advantage, Quest Workspaces and the City of Fort Lauderdale.

“Tower 101 & 101 Centre are located in Downtown’s burgeoning Flagler Village submarket, offering companies a truly walkable location to over 3,000 new multifamily units and creative restaurant concepts,” Criddle said. “As South Florida continues to densify, office assets such as Tower 101 & 101 Centre will outperform their peers as forward-looking companies will select walkable locations to the Brightline in an attempt to support office connectivity, employee recruiting and retention.”

IVY is in the process of completing major building renovations which include extensive upgrades to the building lobby, installation of a formal building entrance off of NE 1st Street providing valet service and covered drop off along with complete modernization of the building’s café.

Both buildings offer recently completed move-in ready spec suites with high-end finishes, and Tower 101 includes a premier full-floor space on the 17th floor with ocean views.

“IVY is well known for their excellent track record in South Florida and we are excited to be partnering with them on this asset,” Freitas added. “Tower 101 provides users with efficient center core floor plates to maximize space utilization and unobstructed ocean views to the East.”

Located within the emerging Flagler Village neighborhood a few blocks from Las Olas Boulevard, the buildings offer easy access to shopping, restaurants, museums, the beach, the Fort Lauderdale International Airport and more.

ACP Revisited?

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Rumor has it that Alice Lucia of Jones Lang LaSalle has been reunited with Rudy Touzet of Banyan Street Partners.  The two worked together in the early to mid 2000s before Lucia joined JLL in 2006.

Word is that the leasing efforts at Tower 101 , which was recently purchased by Banyan Street Partners, an entity led by Touzet, are now being led by Lucia.

The 230,238 square foot asset was long represented by Owen Sager, who left Grubb & Ellis and joined CBRE back in January.

Downtown Ft. Lauderdale’s Tower 101 Fetches $28.7M

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Banyan Street Partners, led by Rudy Touzet, has paid $28.7 million for the two-building Tower 101, located at 101 NE Third Avenue in Fort Lauderdale, according to a press release.

The asset consists of a six-story building built in 1986 with a 20-percent occupancy and a 19-story building built in 2001 with a 90-percent occupancy. The two buildings, joined through a common lobby, total 230,238 square feet.

The seller was CAPROC in coordination with lender Principal Life Insurance.

CBRE marketed the property on behalf of the seller and put together the financing package for the buyer through Sabadell United Bank, which provided a loan of more than $19 million.

Attorney Jason Post of Stearns Weaver represented Banyan Street and attorney Stuart Kapp of Proskauer Rose represented CAPROC.

 

Source:  SFBJ