MIAMI—Ownership of Weston Pointe Office Park has picked Cushman & Wakefield as its exclusive leasing agent. The office park is in Weston, FL.
CushWake executive director Deanna Lobinsky, executive director Travis Herring, director Katherine Ridgway and associate Chase Kulp will represent owner, New York Life Real Estate Investors. The firm purchased the office park for more than $114 million in January.
“Weston Pointe represents a tremendous opportunity for users to obtain Class A space in one of South Florida's most desirable markets,” Lobinsky tells GlobeSt.com. “This well-appointed office park provides incredible access to a well-educated workforce in one of the nation's most affluent locales.”
Weston Pointe is a four-building, 388,112-square-foot, class A office park built on a 24-acre site between 1999 and 2006. The four-story office buildings provide premium interior finishes, two-story atriums, landscaping, a fitness center and ample parking.
The office park is located in Broward County just south of the Interstate 75/Interstate 595 interchange at 2100–2400 North Commerce Parkway. Weston Pointe is 99% leased to Ultimate Software, Stonegate Bank, Merrill Lynch, and Wells Fargo and other tenants.
CushWake reports strong fundamentals across the Broward County office market, particularly among class A assets. “The class A market remained healthy with 210,737 square feet of positive absorption during the first quarter and a market-wide vacancy rate of 13.1%,” says senior research analyst Valerie Tatum in the firm's first quarter 2016 Broward County Office Snapshot. “Average rental rates increased to a pre-recession high of $33.93 per square foot gross, a 29.5% difference from first quarter 2011.”
Fort Lauderdale is no longer in Miami's shadows. Read expert commentary in my recent column.
MIAMI—Ownership of Weston Pointe Office Park has picked Cushman & Wakefield as its exclusive leasing agent. The office park is in Weston, FL.
CushWake executive director Deanna Lobinsky, executive director Travis Herring, director Katherine Ridgway and associate Chase Kulp will represent owner,
“Weston Pointe represents a tremendous opportunity for users to obtain Class A space in one of South Florida's most desirable markets,” Lobinsky tells GlobeSt.com. “This well-appointed office park provides incredible access to a well-educated workforce in one of the nation's most affluent locales.”
Weston Pointe is a four-building, 388,112-square-foot, class A office park built on a 24-acre site between 1999 and 2006. The four-story office buildings provide premium interior finishes, two-story atriums, landscaping, a fitness center and ample parking.
The office park is located in Broward County just south of the Interstate 75/Interstate 595 interchange at 2100–2400 North Commerce Parkway. Weston Pointe is 99% leased to Ultimate Software, Stonegate Bank,
CushWake reports strong fundamentals across the Broward County office market, particularly among class A assets. “The class A market remained healthy with 210,737 square feet of positive absorption during the first quarter and a market-wide vacancy rate of 13.1%,” says senior research analyst Valerie Tatum in the firm's first quarter 2016 Broward County Office Snapshot. “Average rental rates increased to a pre-recession high of $33.93 per square foot gross, a 29.5% difference from first quarter 2011.”
Fort Lauderdale is no longer in Miami's shadows. Read expert commentary in my recent column.
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