Cypress Financial Center, a 198,528-square-foot office building, has reached 84% occupancy rate with the closing of five office leases.
JLL was awarded the exclusive leasing assignment last year and since then, launched a marketing and leasing strategy resulting in the closing of 35,182 square feet of office leases at the property located at 5900 N. Andrews Ave. in Fort Lauderdale.
JLL Senior Vice President Sandra Andersen has spearheaded the leasing efforts at the Class A office building on behalf of the property’s owner, Steelbridge Capital, a privately held, value-focused real estate investment company based in Miami and Chicago.
Of the five office leases the building has signed over the past year, three of the leases were on behalf of new tenants moving into the Class A office complex. Currently, Cypress Financial Center is home to a tenant roster comprised of some of the region’s most prominent names such as TD Bank, MetLife, Altadis and Marcus & Millichap.
Among the latest tenants to sign leases at the 11-story Cypress Financial Center include Parlux Fragrances and Morgan Real Estate. Parlux Fragrances renewed 19,072 square feet and was represented by JLL’s tenant brokers Rod Loschiavo, Executive Vice President, and Lauren Gallart, Associate. Morgan Real Estate leased 1,394 square feet.
“Centrally located and with direct ramp access to I-95, office tenants see the superb value of leasing at Cypress Financial Center as our recent leasing activity shows. The property offers an uptown location, I-95 access and exposure, with a downtown prestige,” JLL’s Andersen said. “The recent multi-million dollar renovations to the Class A office property combined with on-site services and quality amenities are attracting a diverse range of businesses to lease space. It’s a testament to the quality the office complex offers and the investment its ownership is making to ensure the property remains above the competition within the Broward office market.”
Featuring prominent visibility from I-95 and Cypress Creek Road, Cypress Financial Center is the only office complex in South Florida with a direct on-ramp to I-95.
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