TA Realty’s property management arm announced today that Cresa Managing Principal Alexander H. Brown, has negotiated a lease of more than 89,000 square feet of space at the 1801 Building in Plantation, owned by TA Realty, to Cresa’s client, Envision Physician Services. Envision plans to open in the Summer of 2018, and is part of a conglomerate of well-known companies, including Envision Healthcare, AMR, AMSURG, and Envision Health, together a highly reputable, multi-specialty medical group, and one of the top healthcare companies in the country. Alex led a team of seven local Cresa team members to collaboratively find the perfect solution for their client.
In a statement from Cresa, Alex Brown noted; ‘The Cresa / Envision relationship is an important value-add, because Cresa’s pure-tenant representation platform allowed Envision to consult with Cresa to provide conflict-free advocacy. Envision was evaluating moves to other states as well, and Cresa’s offices around the nation were able to provide market knowledge, and leverage, in each of the selected cities across the U.S. Months of market leverage and financial analysis, plus investigating state and local incentives, helped to focus-in on the Plantation market. The Cresa team was able to procure extremely favorable terms for Envision at the 1801 Building, and Cresa was able to execute a transaction where Envision could continue to grow and provide healthcare leadership in South Florida’.
The 89,143 square foot lease at the 1801 Building in Plantation, is within a two-story, 102,000 square-foot building which was constructed in 1983 and underwent a series of renovations this year after three long-term tenants left. The building's lobby, common-areas, elevator and parking lot were all upgraded to attract larger users.
Cresa, based in Washington DC, is the world's largest tenant-only commercial real estate firm. In representing tenants exclusively – no landlords or developers – Cresa provides unbiased, conflictfree advice. Its integrated services cover every aspect of a real estate assignment, including strategic planning, employee demographics, workplace strategy, site selection, incentives negotiation, market research, transaction management, project financing, project management, portfolio management, and relocation services. Cresa offers clients customized solutions worldwide through more than 60 global offices. For more information, visit: www.cresa.com