Cypress Financial Center, Fort Lauderdale, FL

FORT LAUDERDALE, FL—Hayes Medical Staffing has signed a 77,105-square-foot expansion of its corporate headquarters at the Cypress Financial Center here.

The firm will retain its existing space and expand into new workspace at the 206,773-square-foot building is owned by Steelbridge. Hayes Medical Staffing expects to create an additional 250 jobs in connection with its expansion.

Newmark Knight Frank executive managing director Mitchell Millowitz and team members Randy Johnson, Sami Millowitz and Ryan Rosalsky represented the tenant. The team also included Barry Lapides of Berger Singerman. The ownership was represented by Travis Herring of Cushman and Wakefield.

NKF officials say the expansion deal reflects continued leasing momentum buoyed by favorable economic conditions across Broward County and South Florida. Hayes qualified for tax incentives under the State of Florida’s Qualified Target Industry Program, which encourages the creation of high-skill jobs and the growth of corporate headquarters in targeted industries.

According to NKF’s second quarter 2019 South Florida office report, demand continued to outpace supply for the seventh consecutive year. Class A space led both leasing activity and absorption in the first half of the year with 3.5 million square feet of transactions completed. Broward County boasted the lowest vacancy rate in the region for the third consecutive quarter, dipping to the 10% mark and its lowest point since 2007.

“We’re pleased to represent Hayes Medical Staffing with its corporate headquarters expansion, which ushers in a new era of growth and prosperity for the company and adds stature to the Cypress Creek area of Fort Lauderdale,” says Millowitz. “Cypress Financial Center is the submarket’s premier office asset, and the recent capital improvements and amenity upgrades delivered by Steelbridge will allow Hayes Medical Staffing to attract top talent across South Florida.”