The transaction marks the largest office lease renewal completed in Broward County since 2019.
With over 35 years of experience, he has participated in all aspects of commercial real estate, including development, property management, brokerage, receivership, and banking.
Construction is anticipated to commence in the fourth quarter of 2023, with expected tenant occupancy beginning in the third quarter of 2026.
The property features four floors of office space with high ceilings and hardwood floors, set above ground floor retail.
The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
Anthony Librizzi and Tara England of Cushman & Wakefield represented the landlord, District Pointe, LLC, in the lease negotiations. Derek Baker of Colliers represented the tenant.
The building offers two 9,000-square feet suites and two 5,000-square feet suites, with one of the smaller suites fully built out for immediate move-in.
Only 3 months available! Reserve your month today!
While many of the region’s office market fundamentals saw a slight shift this quarter, the numbers along with the region’s continued popularity as a spot to live, play and work all contribute to a favorable outlook for South Florida’s ...
Last week, I called my contact in Tallahassee and confirmed that my interpretation was correct.
