STRO Cos., KRE Group Acquire Small-Bay Industrial Portfolio In Margate In Off-Market Deal
The off-market transaction was facilitated by Cody Brais and Luis Castillo of JLL.
The off-market transaction was facilitated by Cody Brais and Luis Castillo of JLL.
Florida East Coast Realty (FECR) is offering commercial/office space for lease at the building ranging from approximately 19,000 square feet on the 16th floor to 52,000 square feet on the 17th floor, with a contiguous block of ±72,000 square feet still available.
The property is currently over 90 percent sold.
The 8,501-square-foot lease marks the gym chain’s third location to open in the U.S., with the brand planning an explosive expansion that targets another 10 to 15 new gym locations in key markets across Florida.
The 33-story bayfront tower is more than 90% occupied.
JLL’s Senior Vice President Brady Titcomb represented Twin Star Home in the company’s relocation.
At 1.1-million square feet, Building 1 at the complex is the largest speculative building in Southeast Florida.
The lease brings Prologis I-595, located at 7050-7060 W State Rd 84 in Davie, to full occupancy.
The JLL office brokerage team of Managing Directors Steven Hurwitz and Doug Okun, Kevin Probel, Senior Managing Director, Clark Finney, Executive Managing Director, and Madeline Fine, Associate, will lead leasing efforts.
Cushman & Wakefield’s Miami-based Office Agency Leasing team of Jeannette Mendoza, Brian Gale, Andrew Trench, Ryan Holtzman, Eddie Quinon, and Lena Weeks oversee leasing efforts at Waterford Atrium and represented the landlord for all transactions.
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