Cushman & Wakefield’s office leasing team of Executive Director Travis Herring, Executive Director Deanna Lobinsky, Director Katherine Ridgway and Associate Chase Kulp negotiated the lease renewal on behalf of building owner Steelbridge. Cushman & Wakefield’s Executive Director Jeff Holding and Senior Director A.J. Belt represented Cushman & Wakefield.
Cushman & Wakefield, a global real estate services firm, currently houses nine employees in 2,000 square feet on SunTrust at Las Olas Square’s eighth floor. Cushman & Wakefield is expected to consolidate several local satellite offices and approximately 30 Broward County brokerage and support employees into the new space by the end of the year.
“This expansion in a premier location like Las Olas Square demonstrates Cushman & Wakefield’s commitment to Broward County and continued growth within the South Florida market,” said Larry Richey, Managing Principal and Florida Market Leader. “The move also promotes operational efficiencies by consolidating the bulk of our Broward County workforce under one roof and fostering the collaboration our firm values so much.”
Added Herring, “Las Olas Square is the epicenter of Fort Lauderdale’s downtown renaissance. By positioning our offices here, we enhance our visibility and capability to serve our clients throughout the region.”
Las Olas Square is a downtown Fort Lauderdale office campus originally developed in 1992. It comprises SunTrust Center at Las Olas Square, a 17-story office tower at 515 East Las Olas Boulevard, and 501 at Las Olas Square, a ±50,000-square-foot, three-story mixed-use building at 501 East Las Olas Boulevard. The project also includes a five-story structured parking garage and offers 24-hour security, on-site banking, an on-site café and excellent views of the Atlantic Ocean and New River.
Steelbridge has begun significant renovations at Las Olas Square, including the renovation and modernization of 501 at Las Olas Square. Steelbridge will refinish this building’s exterior with a clean, contemporary, all-impact glass facade while updating the lobby and interiors as well as mechanical and life-safety systems. The plaza between the tower and mixed-use building will be converted to an attractive urban square designed to serve as a gathering place for tenants and the general public. Steelbridge also plans to upgrade the lobby and common areas in SunTrust Center at Las Olas and make improvements to the connected parking garage.
“Steelbridge’s extensive renovations will only enhance Las Olas Square’s reputation as a critical structure in Fort Lauderdale’s growing skyline,” added Holding. “It is a wonderful center for our Broward County operations.”
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.
Steelbridge is a Chicago- and Miami-based value focused real estate investor and real estate services provider, with special expertise in markets with high job growth and strong natural barriers to entry like Florida. It is dedicated to acquiring real estate — either through debt or equity or private or public markets — whose values have been temporarily discounted due to supply/demand imbalances in real estate capital, space or information markets and whose values can be significantly enhanced through redevelopment and repositioning. Please visit us at www.steelbridge.com.