Stiles Lists Building in Highly Desirable Location Near Port Everglades, Fort Lauderdale Airport & I-595
Senior Vice President Kimberly Barbar is handling the sale.
Senior Vice President Kimberly Barbar is handling the sale.
The future office space is projected to be completed in 2023 and will be able to accommodate a large variety of clientele with single tenant potential.
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.
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