Cypress Creek Concourse
Spearheaded by Executive Managing Director Jeffrey P. Samaras, the Cushman & Wakefield office brokerage team overseeing this project includes Executive Managing Director Kent Ilhardt, Executive Director Jeff Holding, Vice Chairman Franklin Speyer, Vice Chairman and Midtown Manhattan Managing Principal Lou D’Avanzo, Associate Ryan Harder, Senior Transaction Manager Christina Fiedler and Senior Director A.J. Belt representing Kaplan, Inc. in securing the long-term renewal. Executive Vice President Richard M. Gatto of The Alter Group represented the landlord.
Members of the Cushman & Wakefield team also negotiated Kaplan’s original lease in 2004.
Kaplan, Inc. is headquartered in two Class A buildings at 1515 and 1525 Cypress Creek Road in Cypress Creek Concourse. The buildings house Kaplan’s corporate offices as well as management, administrative and support facilities for Kaplan’s Higher and Professional Education group.
Cypress Creek Concourse was developed in 2002 on a 45-acre parcel in the Cypress Creek submarket. Its two, four-story Class A office buildings are accompanied by private parking garages and an additional 150,000 square feet of speculative office space. The park’s location in Broward County is easily accessible from both Palm Beach and Miami-Dade Counties.
“Cypress Creek Concourse remains the best alternative for Kaplan’s continued long-term occupancy in this market,” said Samaras. “This transaction represents the largest office lease executed in Broward County since 2015.”
Added Holding, “The park is very well positioned for this use. The buildings offer large, efficient floor plates; a campus-like setting; a full cafeteria; full-building back-up generators; abundant parking; exceptional exposure along Cypress Creek Boulevard and ease of access via Interstate 95.”
About Kaplan, Inc.
Kaplan, Inc. serves over 1 million students globally each year through its array of higher education, test preparation, professional education, English-language training, and university preparation, and offerings to individuals, institutions, and businesses. Across its nearly 80-year history, first as small test-prep pioneer and then an early online education leader and now a global education provider, Kaplan has been recognized for expanding educational access and using technology and learning science innovations to continually improve outcomes for its students and partners. Kaplan has operations in over 30 countries, employs more than 15,000 full- and part-time professionals, and maintains relationships and partnerships with more than 1,000 schools, colleges, and universities, and over 2,600 corporations and businesses. Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC) and its largest division. For more information, please visit www.kaplan.com.
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.