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Cypress Commons Inks Five New Leases

FORT LAUDERDALE, FL-New deals total 9,779 sf at the five-building complex. The new leases have an aggregate value of $333,703.

By Melissa Bogdany | Updated on July 26, 2004

FORT LAUDERDALE, FL-The ink’s drying now on five new at Cypress Commons, a multi-tenant complex here. The 89,122-sf complex is located at 1500 W. Cypress Creek Rd. The leases total 9,779 sf and are valued at $333,703 combined.

Kathleen Alberts, senior vice president of brokerage for Brenner Real Estate Group, a commercial real estate company based in Fort Lauderdale, represented the property owner, Cypress Commons LLC, in all the transactions. In the five deals:I.S. Foods Inc. has expanded its corporate headquarters from 1,928 sf to a total of 3,573 sf. I.S. Foods represented itself. Its 13-month lease expansion, at $9.07 per sf, is worth $17,503;Abba Consultants, a telemarketing company, represented itself as well in a renewal of its 2,558-sf lease. The 36-month lease, at $19.12 per sf, is valued at $152,674;Kraynak Office Machines has signed a lease for 1,928 sf in a relocation of its headquarters from southeast Fort Lauderdale. Kraynak, too, represented itself in the 39-month lease, which at $13 per sf, is worth $80,153;ENER1 Inc., an R&D company, leased 1,720 sf. Barry Podolsky of Podolsky & Associates represented the tenant. The 12-month lease, at $13 per sf, is valued at $22,359; andVerizon Select Services inked a 1,645-sf lease for 36 months. Sky Grodin of Cushman & Wakefield of Florida represented Verizon Select Services. At $13 per sf, the lease has a value of $61,014.

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