Office – Cushman & Wakefield South Florida

Cushman & Wakefield Negotiates $11.5M Sale of Hollywood Medical Office Building

Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman Represented SF Partners in the Disposition. HOLLYWOOD, FL, July 30, 2018— Cushman & Wakefield has negotiated the sale of the Hollywood Medical Office Building, a ±57,815-square-foot facility on the campus of Memorial Regional Hospital South in Broward County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Greg Miller, Dominic Montazemi, Miguel Alcivar and Jason Hochman along with office leasing expert Donna Korn negotiated the sale on behalf of Miami-based SF Partners. A private real estate investment company acquired the asset for $11.5 million ($199 per square foot). The Hollywood Medical Office Building was developed in 1975. The five-story structure sits on a ±1.78-acre site at 3700 Washington Street approximately one-half mile west of Interstate 95 between the Hollywood Boulevard and Pembroke Road interchanges. The property, along with Hollywood Medical Plaza II, is one of only two medical office buildings on the Memorial Regional Hospital South campus. The building was 84 percent occupied at [...]

Jim McAleese 2018-07-30T15:03:01+00:00 July 30th, 2018|Florida, In the News, Office, Press Release|

Cushman & Wakefield Leases ±53,000 Square Feet at Waterford Atrium

Jeannette Mendoza, Brian Gale, Ryan Holtzman and Andrew Trench Represented MetLife Real Estate Investors in Securing Eight Office Leases MIAMI, FL, July 17, 2018 — Through the first two quarters of 2018, Cushman & Wakefield has negotiated eight office leases at Waterford Atrium totaling 52,674 square feet. The Cushman & Wakefield office leasing team of Jeannette Mendoza, Brian Gale, Ryan Holtzman and Andrew Trench represented owner MetLife Real Estate Investors. Waterford Atrium is a three-building, 495,870-square-foot Class A office campus located at 6100 Blue Lagoon Drive (6100 Waterford), 6303 Blue Lagoon Drive (6303 Waterford) and 6505 Blue Lagoon Drive (6505 Waterford) in Miami’s Waterford at Blue Lagoon business park. Cushman & Wakefield secured a mix of new, renewal and expansion leases with Executive Data Systems, The Art of Shaving, RS&H, Odebrecht Construction, Club Med Sales, Marcelo Law Group, American Prime and Banyan Health Systems. Executive Data Systems leased 7,971 square [...]

Jim McAleese 2018-07-17T16:57:44+00:00 July 17th, 2018|Florida, In the News, Office, Press Release|

Cushman & Wakefield Negotiates Sale and Financing of Kendall Summit Office Park

Miguel Alcivar, Mike Davis, Dominic Montazemi, Scott O’Donnell, Greg Miller, Rick Brugge and Michael Lerner Negotiated the $34.75 Million Disposition on Behalf of TA Realty. Jason Hochman Secured a $26 Million Acquisition Loan for the Buyer, COFE Properties MIAMI, FL, June 29, 2018 — Cushman & Wakefield has negotiated the sale and financing of Kendall Summit Office Park, a six-building office campus in the dense Kendall micro-market of Miami-Dade County. The Cushman & Wakefield Capital Markets team of Miguel Alcivar, Mike Davis, Dominic Montazemi, Scott O’Donnell, Greg Miller, Rick Brugge and Michael Lerner negotiated the sale on behalf of Boston-based TA Realty. Miami-based COFE Properties acquired the 173,661-square-foot office park for $34.75 million ($200 per square foot). Jason Hochman of Cushman & Wakefield’s Equity, Debt & Structured Finance Group assisted COFE Properties in securing a $26 million non-recourse acquisition loan with a low interest rate. The loan provided funds at closing and additional proceeds for future property renovations and leasing costs. Kendall Summit Office Park was developed between [...]

Jim McAleese 2018-06-29T14:26:11+00:00 June 29th, 2018|Capital Markets, In the News, Office, Press Release|

Cushman & Wakefield Negotiates Sale and Financing of ADT’s Headquarters

Scott O’Donnell, Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Michael Lerner Negotiated the $42.05 Million Disposition on Behalf of RAIT Financial Trust. Jason Hochman Secured a $28.6 Million Acquisition Loan for the Buyer, PEBB Enterprises BOCA RATON, FL, June 19, 2018— Cushman & Wakefield has negotiated the sale and financing of ADT Inc.’s 171,489-square-foot global headquarters at 1501 Yamato Road in Palm Beach County. The Cushman & Wakefield Capital Markets team of Scott O’Donnell, Dominic Montazemi, Mike Davis, Greg Miller, Rick Brugge and Michael Lerner negotiated the sale on behalf of Philadelphia-based RAIT Financial Trust. In a joint venture partnership, Boca Raton-based PEBB Enterprises and Chicago-based Tortoise Properties, LLC acquired the asset for $42.05 million ($245 per square foot). Jason Hochman, of Cushman & Wakefield’s Equity, Debt & Structured Finance Group, assisted the PEBB/Tortoise team in securing a $28.6 million, non-recourse acquisition loan with a low interest rate and flexible prepayment terms. 1501 Yamato Road was developed in 1983 on a ±10-acre site in southeast Palm Beach County. [...]

Jim McAleese 2018-06-19T14:16:19+00:00 June 19th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Represents Steelbridge in Two Leases Totaling 32,000 SF at Cypress Financial Center in Fort Lauderdale

The Leasing Team of Travis Herring and Katherine Ridgway Negotiated a New Lease with Patriot National and a Renewal/Expansion with Marcus & Millichap FORT LAUDERDALE, FL, May 16, 2018 – Cushman & Wakefield has negotiated one new lease and one renewal/expansion totaling approximately 32,000 square feet at Cypress Financial Center. The 198,528-square-foot, Class A suburban office building is in Fort Lauderdale’s Cypress Creek submarket. The office leasing team of Executive Director Travis Herring and Director Katherine Ridgway represented the landlord, Steelbridge, in the lease negotiations. The tenants are Fort Lauderdale-based insurance company Patriot National, represented by Stiles Realty, and commercial real estate firm Marcus & Millichap, represented by Cresa. Patriot National leased a 18,828-square-foot space, relocating its headquarters from 401 E. Las Olas Blvd. Marcus & Millichap renewed its lease and expanded by 1,000 square feet for a total of 12,851 square feet. With these leases, Cypress Financial Center is [...]

Jim McAleese 2018-05-22T14:46:05+00:00 May 22nd, 2018|In the News, Office, Press Release|

Cushman & Wakefield Secures Three New Leases at Renovated BayView Corporate Tower in Fort Lauderdale

Leasing Team of Deanna Lobinsky and Chase Kulp Represented Bridge Commercial Real Estate FORT LAUDERDALE, FL – Cushman & Wakefield has negotiated three leases totaling 20,000 square feet at BayView Corporate Tower, a recently renovated office building in Fort Lauderdale with 412,520 square feet of Class A office space. The office leasing team of Executive Director Deanna Lobinsky and Associate Chase Kulp represented Bridge Commercial Real Estate in the lease negotiations. The tenants are Rissman, Barrett, Hurt, Donahue, McLain & Mangan PA with 14,559 square feet, Pierson Grant Public Relations, Inc. with 3,757 square feet, and Webb-Mason Inc. with 1,467 square feet. Bridge Office, a subsidiary of Bridge Investment Group, acquired BayView Corporate Tower in September 2016 and recently completed a $5 million renovation program to enhance and modernize the property. Improvements include a roof replacement, new landscaping, and updates to the entryway, lobby, common areas and restrooms. Bridge also [...]

Jim McAleese 2018-05-21T15:04:51+00:00 May 21st, 2018|In the News, Office, Press Release|

Global Luxury Brand Renews, Expands to 30,000+ SF at 100 Biscayne Boulevard

Cushman & Wakefield Represented Landlord East End Capital in Negotiations MIAMI, April 30, 2018 – LVMH, a global and recognized leader in high-quality products, has renewed and expanded its lease at 100 Biscayne Boulevard in Miami. The company employs approximately 125 people in its Miami office and now occupies over 30,000 square feet in the building. Cushman & Wakefield Managing Director Gordon Messinger represented the landlord, East End Capital, in the lease negotiations. East End Capital purchased 100 Biscayne in 2016 and is investing more than $10 million to reposition the property, which boasts spectacular views across Bayfront Park all the way to Miami Beach and beyond. “LVMH’s long-term commitment and expansion is a testament to East End Capital’s vision for 100 Biscayne and its planned upgrades,” said Messinger. “100 Biscayne’s central location in the heart of Downtown Miami and upcoming improvements are in-line with what tenants in the creative, [...]

Jim McAleese 2018-05-09T18:14:25+00:00 May 9th, 2018|In the News, Office, Press Release|

FRI Investors Retains Cushman & Wakefield to Lease 108,482-SF, Class A Office Tower in West Palm Beach

625 North Flagler Offers Largest Blocks of Available Office Space in Downtown Market WEST PALM BEACH, FL – Cushman & Wakefield has been selected as the exclusive leasing advisor for 625 North Flagler, a 108,482-square-foot waterfront office tower in downtown West Palm Beach. The 11-story, Class A property has full-floor suites available for custom build-out as well as spec suites ready for immediate occupancy. FRI Investors and 625 Flagler Acquisition, LLC retained the Cushman & Wakefield team of Michael Feldman, CCIM, Director, and Mark Pateman, Esq., SIOR, Managing Principal, to market the property for lease. Extensive renovations are nearing completion and include updates to the lobby, common areas and the renovation of the attached four-story parking garage. Starting at $26 per square foot, lease rates are considered the most competitive in downtown West Palm Beach for Class A space. Availabilities range from 1,600 to 47,000 square feet, and the property [...]

Jim McAleese 2018-04-23T18:42:57+00:00 April 9th, 2018|In the News, Office, Press Release|

Cushman & Wakefield to Lease Historic Palm Beach Office Building

Michael Osiecki was selected by Wells Fargo to Lease the 17,326-Square-Foot Office Building at 255 South County Road PALM BEACH, FL — Cushman & Wakefield has been named exclusive leasing advisor for 255 South County Road, a 17,326-square-foot office building located less than one-quarter mile from the Atlantic Ocean in the heart of the exclusive Palm Beach office market. Cushman & Wakefield’s Michael Osiecki was selected to lease the building on behalf of owner Wells Fargo. 255 South County Road was developed in 1927 on a ±2.7-acre parcel at the northwest corner of South County Road and Royal Palm Way. The building is one of 284 landmarks protected under the Historic Preservation Ordinance of the Town of Palm Beach and was recently restored and renovated to provide modern accommodations. 255 South County Road offers ocean views from select suites and features the largest parking ratio in the Palm Beach office market. Availabilities at 255 South County Road from [...]

Jim McAleese 2018-04-23T18:42:57+00:00 March 28th, 2018|In the News, Office, Press Release|

Cushman & Wakefield Negotiates Woundtech HQ Renewal and Expansion at Venture Corporate Center

Woundtech Expanded by 11,825 Square Feet at the Broward County Office Park HOLLYWOOD, FL — Cushman & Wakefield has negotiated a 21,697-square-foot headquarters lease expansion and renewal with Woundtech at Venture Corporate Center in Broward County. The Cushman & Wakefield office leasing team of Travis Herring and Katherine Ridgway represented Denver-based Black Creek Group in the lease negotiations. Cushman & Wakefield’s Jeff Holding, A.J. Belt and Christina Stine Jolley represented Woundtech. Woundtech provides a telehealth-based platform where bedside clinicians collaborate with wound care nurses in a call center. Woundtech offers comprehensive wound care to health plan and medical group patients residing in private homes, skilled nursing and assisted living facilities, utilizing the most advanced wound care products. Woundtech currently houses its administrative and call center operations in a 9,872-square-foot space in Venture Corporate Center I. The company is relocating to Venture Corporate Center II and expanding by 11,825 square feet with this lease. Build-out of the new space will be completed by May. Venture Corporate Center is [...]

Jim McAleese 2018-04-23T18:42:58+00:00 March 28th, 2018|In the News, Office, Press Release, Tenant Representation|