FORT LAUDERDALE, FL—With American Express moving out of the building after 10 years, Avison Young wasted no time looking for a replacement tenant at Weston Park of Commerce in the Fort Lauderdale suburb of Weston, FL. The company inked a 52,960-square-foot single-user transaction at 1725 North Commerce Parkway on behalf of ownership, TA Realty.

The tenant is Altegra Health, a national vendor of technology-enabled, end-to-end payment solutions that provides health plans and other risk-bearing organizations with the data they need to manage member care and ensure appropriate reimbursement. The company is relocating from Miami Lakes, FL. Tony Jones of Cushman & Wakefield represented Altegra.

“Once it was clear that American Express would be vacating the building, ownership engaged Avison Young to begin seeking a replacement tenant,” says Greg Martin, a principal with Avison. “We were able to fulfill the goal of securing a single tenant to occupy the asset, in part due to the building's above-market parking ratio, in advance of the property's vacancy."