"It's going to have a whole face lift," says McCullough. "It's going to be neat when it's all done."

The property will be entirely office space, with the exception of one ground-floor space of 6,000 sf which will remain restaurant space. Applications will be taken for an evening-only dining establishment, he says.

"We're going to have quite a few people coming to us and wanting that spot," McCullough says.

Pre-construction leasing rates for Portside Yachting Center will start at $20 per sf on a triple net basis and go up to $30 per sf. Four small spaces of 600 sf to 700 sf will be $30 a sf.

"The big difference is a lot of properties out there now are really bending over backward … to accommodate the tenants. We believe there is a pent-up demand" for this space, and that won't have to be done there, says McCullough.

The center is on the 17th Street Causeway. People know it, and "people want to be there," he says. Therefore, McCullough says, they are going to be choosy in selecting who will have space there. And since the new owner, Portside Yachting Center LLC, "bought the property right, we can offer very competitive leasing rates" and pass the savings along, he says. The owner paid between $6 million and $7 million for the Broward County property. Twenty dollars per sf is pretty much below the market right now, he adds.