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BellSouth Advertising Takes Bulk of Cypress Creek Concourse Building

FORT LAUDERDALE, FL-The subsidiary of Atlanta-based BellSouth Corp. is leasing 47,400 sf for an estimated 10 years at an estimated aggregate rent of $6 million in a single-story, 50,000-sf building at 2001 NW 64th St. The 48-acre office park is 38 miles north of Downtown Miami.

By David R. Corder | Updated on February 05, 2001

FORT LAUDERDALE, FL-BellSouth Advertising & Publishing Corp. is the anchor and only tenant so far in a single-story, 50,000-sf building being developed at Cypress Creek Concourse by Alter Group Ltd. of Chicago and Miami-based Southern Facilities Development.

The estimated 10-year lease for 47,400 sf carries an estimated aggregate rent of $6 million. The $50 million, 48-acre park is 38 miles north of Downtown Miami.

Work could being within the next 60 to 90 days on two, 100,000-sf office buildings in the park at 2001 NW 64th St., Alter confirms. A fourth, 100,000-sf structure could also be in the works by yearend. The park is 10 miles north of Fort Lauderdale International Airport. Average quoted rent in the 50,000-sf, 95%-leased building is $14 per sf, triple net.

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