The project replaces a formerly underutilized office property and aligns with the City of Fort Lauderdale’s long-term vision for Uptown Urban Village, which is aimed at bringing more residences and mixed-use development to the area near the Cypress Creek Tri-Rail Station and Fort Lauderdale Executive Airport.
The leases total just over 30,000 square feet.
The company will now occupy the entire top floor of 1489 W. Palmetto Park Road, totaling 30,000 square feet.
The financing was provided by City National Bank of Florida.
The 2-building, 170,000-square-foot campus is currently undergoing a $60 million renovation.
John Criddle, Joseph Freitas, and Max Pawk with CBRE facilitated lease negotiations on behalf of ownership, South Florida-based real estate investment group Grover Corlew.
The national eyewear chain has relocated the company headquarters to a 14,438 square foot space. Deborah Fink of CBRE represented the landlord in the transaction.
Sentry Data Systems will relocate its employees from its current office at 800 Fairway,
Jason Hochman and Ron Granite of Cushman & Wakefield’s Equity, Debt & Structured Finance team secured the loan through Ameris Bank.
Having earned the reputation in Florida and the southeastern U.S. for reimagining infill office properties in prime locations, Grover Corlew plans to invest in the building with upgrades to tenant space, common areas, landscaping and the façade.
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