Cushman & Wakefield Negotiates $2M Lease at Las Olas Square

Las Olas Square
Las Olas Square

Travis Herring, Deanna Lobinsky, Katherine Ridgway and Chase Kulp Brokered an ±8,000-Square-Foot Renewal with Esquire Deposition Solutions in SunTrust Center at Las Olas Square

FORT LAUDERDALE, FL, January 27, 2017Cushman & Wakefield announced today that it has negotiated an 8,092-square-foot office lease with Esquire Deposition Solutions in SunTrust Center at Las Olas Square.

Cushman & Wakefield’s office leasing team of Executive Director Travis Herring, Executive Director Deanna Lobinsky, Director Katherine Ridgway and Associate Chase Kulp negotiated the lease renewal on behalf of building owner Steelbridge Capital. Esquire Deposition Solutions was represented by Stone-Miller.

Atlanta-based Esquire Deposition Solutions is a global provider of legal deposition services with 12 offices throughout the state of Florida. The firm, which has been a tenant at Las Olas Square since 2011, renewed its lease on the 13th floor and is expected to make minor improvements to its existing space.

Las Olas Square was developed in 1992 and is comprised of SunTrust Center at Las Olas Square, a 17-story office tower at 515 East Las Olas Boulevard, and 501 at Las Olas Square, a ±50,000-square-foot, three-story mixed-use building at 501 East Las Olas Boulevard. The project also includes a five-story structured parking garage and offers 24-hour security, on-site banking, an on-site café and excellent views of the Atlantic Ocean and New River.

Steelbridge will soon begin significant renovations at Las Olas Square, upgrading the lobby and common areas in SunTrust Center at Las Olas as well as making improvements to the connected parking garage.

Steelbridge also plans to fully renovate and modernize 501 at Las Olas Square. The owners will refinish the building exterior with a clean, contemporary, all-impact glass facade while updating the lobby and interiors as well as mechanical and life-safety systems. The plaza between the tower and mixed-use building will be converted to an attractive urban square designed to serve as a gathering place for tenants and the general public.

“Esquire Deposition was extremely excited about being part of the new Las Olas Square for years to come,” said Herring. “The project’s renovations, prime location and new ownership were key elements in closing this transaction.”

About Cushman & Wakefield

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 43,000 employees in more than 60 countries help investors and occupiers optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

About Steelbridge Capital

Steelbridge Capital is a Chicago- and Miami-based value focused real estate investor and real estate services provider, with special expertise in markets with high job growth and strong natural barriers to entry like Florida. It is dedicated to acquiring real estate — either through debt or equity or private or public markets — whose values have been temporarily discounted due to supply/demand imbalances in real estate capital, space or information markets and whose values can be significantly enhanced through redevelopment and repositioning. Please visit us at www.steelbridgecapital.com.

Media Assets

Las Olas Square Rendering
Travis Herring Headshot
Deanna Lobinsky Headshot
Katherine Ridgway Headshot
Chase Kulp Headshot