Cypress Creek Office Park Reaches 94% Occupancy With New Lease Deals, Renewals And Expansions
The park was 80% occupied when Feldman Equities acquired the property about two years ago.
The park was 80% occupied when Feldman Equities acquired the property about two years ago.
The transaction marks the largest office lease renewal completed in Broward County since 2019.
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The $244-per-square-foot transaction underscores the attractiveness of medical office assets as overall office sale activity has slowed.
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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.
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Max Pawk with CBRE represented The Agency in lease negotiations.
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