Norm Adams Closes 15,000 SF Las Olas Lease Deal

Written by on June 12, 2013 in Done Deals - No comments

National firm Fanatics Mounted Memories, the memorabilia and collectibles division of online retailer Fanatics, has leased 15,295 square feet of headquarters space at the Plaza at Las Olas, where it will be relocating from Plantation.

Founded in 1995, Fanatics is one of the largest online retailers of officially licensed sports merchandise. According to the company, Fanatics powers the e-commerce sites of all major professional sports leagues, including the NFL, MLB, NBA, NHL, NASCAR, PGA; major media brands, including ESPN, NBC Sports, CBS Sports, and FOX Sports; and hundreds of collegiate and professional team properties.

Stiles Director of Leasing Norm Adams represented the building owner in the transaction.

“Thanks in part to increased consumer confidence, the office market is seeing tenants take a flight to quality in premium locations,” said Adams. “With first-class entertainment and business at its doorstep, Las Olas product has outperformed the overall Broward office market. Las Olas has experienced positive absorption, stable vacancy and increased lease rates.

Stiles is responsible for leasing and property management for Plaza at Las Olas. The 105,000 square-foot building is home to Vibe Lounge and YOLO restaurant.

The Fanatics Inc. lease brings the building to 100% occupancy.

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