189,000-SF Broward Office Building Back In Play
Avison Young brokers Justin Cope, Greg Martin and Lisa Blumer have been retained to market the five-story building.
Avison Young brokers Justin Cope, Greg Martin and Lisa Blumer have been retained to market the five-story building.
Fort Lauderdale, in particular, is emerging as a key player in this trend, offering 52 spec suites across 16 properties, totaling more than 61,000 square feet, according to a recent report from Avison Young.
The 64-month renewal comprises two full floors, keeping the 4-story building 98 percent occupied.
David Duckworth, a principal of Avison Young’s Fort Lauderdale office, said while there are predictions of nationwide commercial mortgage backed security defaults in the office sector, quality office buildings in South Florida continue to attract companies. At least for now.
As part of the agreement, Boynton Beach’s Department of Economic Development and Strategy will provide a one-time $50,0000 grant for programming within the space.
Avison Young’s Florida Capital Markets Group negotiated the sales.

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