Gramercy Property Trust recently brought Cushman & Wakefield on board to lease its Plantation Corporate Center, a 122,167-square-foot office building at 1601 Southwest 80th Terrace. Built in 1994, the office complex sits on a 6.6-acre site. Also in Plantation, the dormant Fashion Mall site in Broward County's Plantation, FL is getting a new lease on life. Developers are sharing a vision for revitalizing the mall.

According to CushWake research, Plantation is one of Broward County's top performing office submarkets, exhibiting below-average occupancy along with above-average rents and leasing activity. Plantation Professional Park offers tenants highway access to Florida's Turnpike and Interstate 95 and visibility along Sunrise Boulevard.

“The Broward office market will continue to tighten as prime rents trend higher, fueled by strong tenant demand and a declining supply of high-quality space,” wrote senior research analyst Valerie Tatum in the firm's first quarter 2016 Broward County Office MarketBeat Report. “With no new office product and limited existing class A space, Cushman & Wakefield sees demand for quality Class B space to strengthen and key fundamentals to improve market-wide.”

MIAMI—Plantation Professional Park, a 63,319-square-foot office campus in the Fort Lauderdale suburb of Plantation, FL, has traded hands. The asset sold for $5.15 million, or $81 per square foot.

Cushman & Wakefield senior associate Greg Miller, executive director Scott O'Donnell, senior director Dominic Montazemi and director Miguel Alcivar represented the seller, Illinois-based Equitrust Life Insurance Company. J.I. Kislak acquired the office asset.

“Plantation Professional Park provides new ownership with a tremendous value-add opportunity,” Miller tells GlobeSt.com. “New developments in the immediate area, such as the 250-unit luxury apartment complex, Broadstone Plantation, and Magic Leap's move to Plantation Pointe Office Park, will provide momentum to Kislak's planned capital improvement and lease-up strategy.”

Plantation Professional Park was built between 1987 and 1989 on a7.84-acre site at 6710–6834 West Sunrise Boulevard. The single-story buildings offer a medical and professional office campus three miles from Westside Regional Medical Center. The office park also includes a vacant approved for an another two-story, 22,000-square-foot medical office building.

Gramercy Property Trust recently brought Cushman & Wakefield on board to lease its Plantation Corporate Center, a 122,167-square-foot office building at 1601 Southwest 80th Terrace. Built in 1994, the office complex sits on a 6.6-acre site. Also in Plantation, the dormant Fashion Mall site in Broward County's Plantation, FL is getting a new lease on life. Developers are sharing a vision for revitalizing the mall.

According to CushWake research, Plantation is one of Broward County's top performing office submarkets, exhibiting below-average occupancy along with above-average rents and leasing activity. Plantation Professional Park offers tenants highway access to Florida's Turnpike and Interstate 95 and visibility along Sunrise Boulevard.

“The Broward office market will continue to tighten as prime rents trend higher, fueled by strong tenant demand and a declining supply of high-quality space,” wrote senior research analyst Valerie Tatum in the firm's first quarter 2016 Broward County Office MarketBeat Report. “With no new office product and limited existing class A space, Cushman & Wakefield sees demand for quality Class B space to strengthen and key fundamentals to improve market-wide.”