Colliers and Cushman & Wakefield organized the transaction, which marks the biggest workplace lease in Broward County this quarter.
IP Capital Companions has landed a brand new tenant at Plantation Commerce Middle, a four-story, Class A workplace constructing in Plantation, Fla. Property administration agency FirstService Residential has signed a headquarters lease for 65,430 sq. ft and can occupy two flooring beginning April 2023.
Colliers’ Govt Vice President Robert Listokin represented the tenant, whereas Govt Director Travis Herring and Senior Affiliate Chase Kulp of Cushman & Wakefield represented the owner.
This deal marks the biggest workplace lease in Broward County within the second quarter of the 12 months. All through the market, roughly 2.1 million sq. ft had been leased in Broward County, with greater than 134,000 sq. ft leased year-to-date within the Plantation submarket. The general Miami workplace market has been performing nicely, though leasing exercise slowed down within the second quarter, dropping 30 foundation factors.
Plantation Commerce Middle is a 120,923-square-foot workplace constructing, initially accomplished in 1994 and renovated in 2013, in response to CommercialEdge information. The asset is at the moment present process property enhancements, together with upgrades to the primary foyer, corridors, elevators and restrooms. Floorplates vary between 28,006 and 31,224 sq. ft. Different tenants within the constructing embrace Crown Citadel, which occupies 32,132 sq. ft. With the signing of the FirstService Residential deal, the property is now 85 p.c leased.
Situated at 1601 SW. eightieth Terrace, the workplace constructing is 8.6 miles from Fort Lauderdale and roughly 28 miles from Miami. The property has constructing signage fronting Interstate 595, which FirstService will make the most of. Plantation Commerce Middle additionally presents tenants quick access to a wide range of eating choices within the surrounding space.
