Two companies have committed to space within Fort Lauderdale’s pioneering mass timber office project, marking an important leasing milestone for the emerging mixed-use district.
Upon completion in 2028, the eight-story, approximately 200,000-square-foot development will deliver premier office and retail space to the PGA corridor, where there are no other new office projects in the pipeline. Construction is scheduled to begin August 2026.
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The property sold for $40 million.
The team secured the financing through Wells Fargo.
JLL Senior Managing Director Doug Okun and Executive Managing Directors Zach Winkler and Steven Hurwitz represented the ownership group, Vanderbilt Office Properties, in the new lease transactions and renewals.
Easton & Associates Vice President Andrew Easton represented the landlords in all transactions.
An El-Ad affiliate paid $62.3 million for the property.
Most recently, he served as Senior Vice President within CBRE’s Occupier Services Group. Earlier in his career, he spent nearly a decade at JLL, where he helped lease more than three million square feet of Class A office space.
A private company has signed a triple-net lease at a Congress Avenue office property, securing a sizable block of space under an agreement extending for more than a decade.