{"id":1004206247,"date":"2018-02-07T09:46:43","date_gmt":"2018-02-07T17:46:43","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004206247"},"modified":"2022-12-08T15:22:37","modified_gmt":"2022-12-08T23:22:37","slug":"avison-young-bolsters-tenancy-at-ft-lauderdale-office-asset","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/avison-young-bolsters-tenancy-at-ft-lauderdale-office-asset\/","title":{"rendered":"Avison Young Bolsters Tenancy at Ft. Lauderdale Office Asset"},"content":{"rendered":"<p>By Timea Papp<\/p>\n<div id=\"attachment_1004206249\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004206249\" data-attachment-id=\"1004206249\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/avison-young-bolsters-tenancy-at-ft-lauderdale-office-asset\/trade-center-south\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg\" data-orig-size=\"5339,4004\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;6.3&quot;,&quot;credit&quot;:&quot;AERIAL IMAGE PROS&quot;,&quot;camera&quot;:&quot;NIKON D810&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1456581748&quot;,&quot;copyright&quot;:&quot;AERIAL IMAGE PROS&quot;,&quot;focal_length&quot;:&quot;14&quot;,&quot;iso&quot;:&quot;64&quot;,&quot;shutter_speed&quot;:&quot;0.004&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Trade Center South\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Trade Center South&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?w=1024\" class=\"wp-image-1004206249 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg\" alt=\"Trade Center South\" width=\"300\" height=\"225\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg 5339w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=1024,768 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=1536,1152 1536w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=2048,1536 2048w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=150,112 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=696,522 696w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=1068,801 1068w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=1920,1440 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=560,420 560w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=80,60 80w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/02\/Trade-Center-South.jpg?resize=265,198 265w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004206249\" class=\"wp-caption-text\">Trade Center South<\/p><\/div>\n<p>Avison Young has completed a series of new lease transactions at Trade Center South, a 215,000-square-foot, Class A office building in the Cypress Creek submarket of Fort Lauderdale, Fla. The agreements amount to more than 60,000 square feet and consist of new leases, renewals, as well as expansions.<\/p>\n<p>Located at 100 W. Cypress Creek Road, the 10-story building was completed in 1984 and underwent cosmetic renovations in 1991 and 2011, Yardi Matrix shows. Recent lease agreements at Trade Center South point toward a trend of office tenants seeking cost-effective space, according to the release.<\/p>\n<h2>Suburban office appeal<\/h2>\n<p>Broward Metropolitan Planning Organization signed a 20,125-square-foot lease for its new headquarters and Whitehouse Engineering agreed to occupy 4,703 square feet, while AFLAC leased 4,395 square feet and Paradise Cruises will move into a 2,702-square-foot space. Imperial Brands signed on for 6,834 square feet and Moffa, Sutton &amp; Donnini opted for a 5,049-square-foot space, both companies expanding their original spaces and relocating from downtown Fort Lauderdale.<\/p>\n<p>New-to-market tenant JDI Data leased 3,390 square feet, while American Friends of Hebrew University renewed its 2,029-square-foot lease. Additionally, Triumph Staffing signed a 2,704-square-foot renewal and ACE\/Jiffy Lube will continue to occupy 4,290 square feet at the property. Cequint renewed and expanded its original 5,615-square-foot lease and will now take up a total of 10,075 square feet.<\/p>\n<p>The team of Principal Greg Martin and Vice President Peyton Moore represented the landlord in the negotiations. According to Yardi Matrix, DRA Advisors has owned the asset since November 2011.<\/p>\n<p><em>\u201cSignificant increases in rental rates in downtown Fort Lauderdale are pushing some tenants to evaluate <a href=\"https:\/\/www.commercialsearch.com\/news\/avison-young-inks-3-southeast-fl-leases\/\">suburban office<\/a> opportunities,\u201d<\/em> Martin said in a prepared statement. <em>\u201cTrade Centre South provides great value and quality amenities to tenants with an onsite Tri-Rail station, free structured parking, a Class A office environment and finishes, all at suburban rental rates significantly lower than the downtown Fort Lauderdale area.\u201d<\/em><\/p>\n<p>One of Cypress Creek\u2019s largest blocks of contiguous space totaling roughly 38,000 square feet is currently available on Trade Centre South\u2019s fifth floor. Situated at the crossroads of Interstate 95 and Cypress Creek Road, the property is approximately 15 minutes from Fort Lauderdale-Hollywood International Airport.<\/p>\n<p><em>Image courtesy of Avison Young<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Working on behalf of landlord DRA Advisors, the team of Greg Martin and Peyton Moore arranged leases with more than 10 notable tenants.<\/p>\n","protected":false},"author":240,"featured_media":1004206249,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21743,1492,21742,21747],"tags":[33022,33919,39066],"class_list":["post-1004206247","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-deals","category-miami","category-latest","category-office","tag-avison-young","tag-dra-advisors-llc","tag-greg-martin"],"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 Bolsters Tenancy at Ft. 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