{"id":1004117230,"date":"2015-04-09T05:58:06","date_gmt":"2015-04-09T13:58:06","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004117230"},"modified":"2022-12-05T15:54:36","modified_gmt":"2022-12-05T23:54:36","slug":"avison-young-nabs-largest-lease-assignment-in-florida-in-years","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-nabs-largest-lease-assignment-in-florida-in-years\/","title":{"rendered":"Avison Young Nabs Largest Lease Assignment in Florida in Years"},"content":{"rendered":"<p><i>By Scott Baltic, Contributing Editor<\/i><\/p>\n<div id=\"attachment_1004117233\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Greg-Martin.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004117233\" data-attachment-id=\"1004117233\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/avison-young-nabs-largest-lease-assignment-in-florida-in-years\/greg-martin\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Greg-Martin.jpg\" data-orig-size=\"448,318\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;10&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;Canon EOS 5D Mark II&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1273224256&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;135&quot;,&quot;iso&quot;:&quot;160&quot;,&quot;shutter_speed&quot;:&quot;0.008&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"Greg Martin\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Greg Martin&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Greg-Martin.jpg?w=448\" class=\"wp-image-1004117233 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Greg-Martin.jpg\" alt=\"Greg Martin, Avison Young principal\" width=\"300\" height=\"212\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Greg-Martin.jpg 448w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Greg-Martin.jpg?resize=300,213 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004117233\" class=\"wp-caption-text\">Greg Martin, Avison Young principal<\/p><\/div>\n<p>Avison Young has been awarded what reportedly is the largest office leasing assignment in Florida in recent years, a 940,319-square-foot portfolio of nine Class A buildings in Broward County, AY announced Wednesday. The portfolio, which includes a vacant 6.2-acre parcel zoned for a three-story, 87,000-square-foot office building, brings AY\u2019s total office leasing portfolio in Florida to 25 million square feet.<\/p>\n<p>The leasing assignment comes from the portfolio\u2019s new owners, Starwood Capital, Trinity Capital Advisors and Vanderbilt Office Properties, which <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southeast\/duke-reduces-volume-in-suburban-office-sector\/1004112235.html\">acquired the portfolio from Duke Realty<\/a> earlier this year as part of Duke\u2019s move away from suburban office properties to focus on industrial and medical office space.<\/p>\n<p>The properties are 89 percent occupied overall, with more than 100,000 square feet available for direct lease and nearly 90,000 square feet available for sublease. AY will handle both the direct-lease and sublease space, and Avison Young principal Greg Martin and vice president Justin Cope will lead those efforts.<\/p>\n<p>\u201cThis transaction represents the entrance of new-to-market equity partners and solidifies South Florida as a stable location for this type of investment,\u201d Martin told <i>Commercial Property Executive<\/i>. \u201cOur historical knowledge of the area, combined with our platform and partners, were key factors in \u2026securing this assignment.\u201d<\/p>\n<p>The portfolio comprises:<\/p>\n<ul>\n<li>Crossroads Business Park 1, 8201 Peters Road, Plantation<\/li>\n<li>Crossroads Business Park 2, 8151 Peters Road, Plantation<\/li>\n<li>Crossroads Business Park 3, 8100 S.W. 10th St., Plantation<\/li>\n<li>Crossroads Business Park 4, 8050 S.W. 10th St., Plantation<\/li>\n<li>Sawgrass Commerce Center A, 13800 N.W. 14th St., Sunrise<\/li>\n<li>Sawgrass Commerce Center B, 14050 N.W. 14th St., Sunrise<\/li>\n<li>Sawgrass Pointe I, 1000 Sawgrass Corporate Parkway, Sunrise<\/li>\n<li>Sawgrass Pointe II, 1200 Sawgrass Corporate Parkway, Sunrise<\/li>\n<li>Park Central Building I, 1100 Park Central Blvd. S., Pompano Beach<\/li>\n<\/ul>\n<p>\u201cOne of the unique aspects of this portfolio is the opportunity to build another building in Sunrise, Sawgrass Pointe III,\u201d Martin told <i>CPE<\/i>. \u201cWe are confident that the market dynamics are reaching a point where new construction is close.\u201d<\/p>\n<p>\u201cThe Broward market is very active at this time, with a number of expansion and relocation transactions,\u201d he added. \u201cMany tenants are looking at their future projections with confidence and are realizing that they will need more space to accommodate their growth and employment needs in the near future. Rental rates are increasing, and there seems to be limited supply of large quality blocks of space to accommodate the demand. This is why I am excited about the prospects of new construction.\u201d<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Avison Young has been awarded what reportedly is the largest office leasing assignment in Florida in recent years.<\/p>\n","protected":false},"author":882,"featured_media":1004117233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747],"tags":[],"class_list":["post-1004117230","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Avison Young Nabs Largest Lease Assignment in Florida in Years - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/avison-young-nabs-largest-lease-assignment-in-florida-in-years\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Avison Young Nabs Largest Lease Assignment in Florida in Years\" \/>\n<meta property=\"og:description\" content=\"Avison Young has been awarded what reportedly is the largest office leasing assignment in Florida in recent years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/avison-young-nabs-largest-lease-assignment-in-florida-in-years\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-04-09T13:58:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T23:54:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/04\/Greg-Martin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"448\" \/>\n\t<meta property=\"og:image:height\" content=\"318\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Scott Baltic\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-nabs-largest-lease-assignment-in-florida-in-years\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/avison-young-nabs-largest-lease-assignment-in-florida-in-years\/\",\"name\":\"Avison Young Nabs Largest Lease Assignment in Florida in Years - 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