FORT LAUDERDALE, FL—USI, the 9th largest insurance broker in the United States, is relocating about 80 employees from its Cypress Creek Road office space to Coastal Tower. USI will occupy the sixth floor of the class A, LEED EB Silver-certified office building in Jan. 2014.

CBRE first vice president Travis Herring, along with senior vice president Deanna Lobinsky and associate Katherine Ridgway, represented the owner. California State Teachers' Retirement System owns the tower.

While the Broward County office market continues to post year-over-year negative absorption, leasing at Coastal Tower has actually picked up pace in 2013. USI is the 10th tenant this year to sign a new lease or expansion there. CBRE has inked more than 28 new leases at Coastal Tower over the past three years, bringing the building up to 83% occupancy.  

“While the office market remains flat, we have been fortunate to attract many office users in the market primarily because businesses are looking for dependable property ownership and great on-site amenities like fitness centers and food services, all of which Coastal Tower offers,” Herring says. “It does not hurt that we are also located close to several affluent communities where business owners and employees want to live.”   

Located at 2400 East Commercial Boulevard, Coastal Tower is within walking distance to several restaurants, hotels, banks and shops, and across the street from Holy Cross Hospital and the Holy Cross Wellness Pavilion. Amenities include on-site security, on-site café, a common conference room on the 7th floor, separate freight elevators, car wash and dry cleaning services, and an attached parking garage with free visitor and tenant parking.