The 4,502-square-foot live-work, loft-style industrial building—located at 437 NW 1st Avenue—was sold by the Charles L. Peet Revocable Trust.
The transaction was facilitated by Chris Gallagher of Blanca Commercial Real Estate, who represented the landlord in the deal. Marshall Chandler and Gus Martinez of CMV Commercial / The Martinez Team represented Century Cruise Line in securing their new South Florida office.
The project is nearing completion, with the West Tower fully topped out and slated for delivery at the end of 2025 and the newly launched East Tower targeting completion in 2027.
One tenant was represented by Tom O’Loughlin of CBRE, and the other was represented by Steve Medwin and Nick Wigoda of Newmark Southern Region LLC. Peter “PJ” Apol and Ryan Goggins represented Sunbeam Properties & Development in both deals.
The new assignments total more than 200,000 square feet.
The new tenant will be relocating from another building in Fort Lauderdale and expand its footprint by approximately 15,000 square feet, occupying the entire sixth floor of the building.
JLL Executive Vice President Brady Titcomb represented the building’s ownership group, CDS Realty Investments, LLC.
The two experienced real estate professionals will join JLL’s leading tenant representation services team serving clients across the South Florida region.
The vacated area accounts for more than half of the 112,791-square-foot building.
At 10 stories, the landmark 263,000-square-foot, Class A building visually dominates the city’s central commercial district, which spans along University Drive just south of Sample Road.