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.
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The park was 80% occupied when Feldman Equities acquired the property about two years ago.
The tenants will occupy a combined 7,400 square feet at the soon-to-be-completed mixed-use development.
The transaction marks the largest office lease renewal completed in Broward County since 2019.
The Class A infill industrial portfolio consists of seven buildings totaling 677,789 square feet.
The Rok organization has maintained a strong national real estate presence for more than 50 years, with notable accomplishments ranging from being a major stockholder of a local community bank in South Florida to purchasing more than $700 million of distressed debt from 2008 to 2013.
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Osborne is now representing the buyer of two of the properties in its 1031 exchange and has identified several properties of interest for purchase.
Groundbreaking on the project will begin in the third quarter of 2024, with a scheduled completion date at the end of 2025.
CP Group’s properties that will soon house worCPlaces include Two Town Center and Boca Raton Innovation Campus in Boca Raton.
Matthew McAllister and Chris Metzger of Cushman & Wakefield represented the landlord.
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