The company occupies 350,000 square feet in Tamarac including within Westpoint Distribution Center, a warehouse park neighboring Westpoint Business Center.
The site is zoned for a variety of uses, including but not limited to, residential, office, retail and seniors housing.
“This was a mutually beneficial transaction, and we are all thrilled that YMCA’s corporate office will maintain it’s presence in Downtown Fort Lauderdale.”
Tony Arellano and Devlin Marinoff are overseeing leasing of the entertainment destination’s available retail, restaurant and office space.
Christian Lee, José Lobón and Marcos Minaya of CBRE Capital Markets, and Jay Adams with Newmark represented the seller, Encore Capital Management, in the transaction.
C&W’s Travis Herring and Katherine Ridgway of Cushman & Wakefield represented the landlord, IP Capital, in the lease negotiations.
The buildings total approximately 62,000 square feet.
The pet retailer agreed to an eight year term.
The team comes to CBRE from Cushman & Wakefield’s Boca Raton office.
The deals bring the 25-story, 387,402-square-foot “Class A” office community to over 50% leased following its November 2020 delivery.