Avison Young has been awarded one of the largest office leasing assignment in Florida in recent years.
The 940,319-square-foot portfolio situated throughout Broward County encompasses 9 class-A buildings and a 6.2-acre vacant parcel zoned for a 3-story 87,000 square foot office building, and brings Avison Young’s total office leasing portfolio to 25 million square feet for the State.
The properties currently stand at 89 percent occupied, with over 100,000 square feet available for direct lease and nearly 90,000 square feet available for sublease. Avison Young’s Greg Martin, Principal, and latest hire, Justin Cope, Vice President, will guide the leasing efforts on behalf of institutional ownership partners, Starwood Capital, Trinity Capital Advisors and Vanderbilt Office Properties, which recently acquired the portfolio from Duke Realty.
“Avison Young has demonstrated that in spite of its limited time in the south Florida marketplace it has positioned itself as a ‘Best in Class’ service provider in the commercial real estate service sector,” stated Casey Wold of Vanderbilt Office Properties. “We were drawn by their history and knowledge of leasing multiple office projects in the market.”
Since its inception in Florida in late 2012, Avison Young has deliberately and strategically grown its footprint into all key geographic locations and has continued to attract the gold standard of real estate advisors within all sectors. This impressive breadth of talent and reach is underscored with this latest coveted assignment.
“Our client list has grown significantly as occupiers and investors become aware of our industry-leading client-service model,” cited Pike Rowley, Principal and Managing Director, Florida, with Avison Young. “Our Principal-led culture is distinguishing us in the State and our clients find comfort in knowing the execution team and the shareholders are completely aligned.”
The portfolio consists of the following assets:
- Crossroads Business Park 1, 8201 Peters Road, Plantation.
- Crossroads Business Park 2, 8151 Peters Road, Plantation.
- Crossroads Business Park 3, 8100 Southwest 10th Street, Plantation.
- Crossroads Business Park 4, 8050 Southwest 10th Street, Plantation.
- Sawgrass Commerce Center A, 13800 NW 14th Street, Sunrise.
- Sawgrass Commerce Center B, 14050 NW 14th Street, Sunrise.
- Sawgrass Pointe I, 1000 Sawgrass Corporate Parkway, Sunrise.
- Sawgrass Pointe II, 1200 Sawgrass Corporate Parkway, Sunrise.
- Park Central Building I, 1100 Park Central Boulevard South, Pompano Beach.
“This portfolio of buildings is a great complement to the existing assets that we have been servicing. We look forward to working with this new to market ownership group and helping them accomplish their overall investment goals,” stated Martin. “One of the unique aspects of this portfolio is the opportunity to build another building in Sunrise, Sawgrass Pointe III. We are confident that the market dynamics are reaching a point where new construction is close.”
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