Jeff Holding and A.J. Belt Negotiated Office Subleases That May Lead to the Creation of 130 New Jobs in Fort Lauderdale
FORT LAUDERDALE, FL, June 8, 2017 — Cushman & Wakefield announced today that Executive Director Jeff Holding and Senior Director A.J. Belt have negotiated 39,368 square feet of office subleases on behalf of three tenants in Fort Lauderdale.
Tenant representation specialists Holding and Belt brokered three subleases on behalf of the Sun-Sentinel, Roetzel & Andress and Newbridge Financial at three separate office buildings in the Fort Lauderdale market.
These new-to-market and expansion subleases may allow for the creation of 130 new jobs in Fort Lauderdale.
Broward Financial Centre
Holding and Belt represented the Sun-Sentinel in its sublease of 24,768 square feet at Broward Financial Center to Garrett Laughlin, LLC.
Garrett Laughlin, LLC relocated and expanded from 1 East Broward Boulevard, where it occupied ±4,000 square feet. The health insurance provider now occupies Broward Financial Centre’s entire ninth floor, enabling the organization to add approximately 75 new jobs.
The space offers an efficient floor plan with approximately 183 large cubicle stations and 27 private offices. The floor is sub-metered, allowing for 24-hour air at extremely low costs.
The building is located at 500 East Broward Boulevard, a short walk to the restaurants and shops along Las Olas, and proximate to regional transportation networks, business services, cultural and civic facilities and premier residential neighborhoods.
“When Jeff & A.J. transitioned to Cushman & Wakefield, we felt it was important to transition with them as they held the market knowledge we needed to implement our real estate goals in the local South Florida market,” said Tom Nork, Vice President of Manufacturing and Distribution at Sun-Sentinel. “They accomplished the goal of disposing of our excess corporate space in downtown Fort Lauderdale in an efficient and professional manner.”
Holding and Belt represented Newbridge Financial in its sublease of 6,481 square feet to WBR Group, Inc. at Crown Center.
The second-floor office space at 1451 West Cypress Creek Road offers access to an on-campus café, ample parking and proximity to nearby restaurants, hotels and shopping as well as Interstate 95, Florida’s Turnpike and Fort Lauderdale Executive Airport.
This is WBR Group, Inc.’s first office location. The company, which specializes in automobile parts sales, will utilize this space to house up to 40 new customer service agents to better serve clients and customers.
“Newbridge Financial was very open to the creative marketing strategy we recommended, which was one based on successful case studies with other clients,” said Belt. “With this game plan, we were able to interest several potential subtenants in a very short period of time, and subsequently finalized a transaction that allowed Newbridge Financial to be made whole for a majority of the remaining lease in place through the end of 2022.”
“At the end of the day, our client’s receptiveness to an outside-the-box approach ultimately led to a great solution for their excess office space,” added Belt.
350 Las Olas Centre II
Holding and Belt represented Roetzel & Andress in its sublease of 7,759 square feet at 350 Las Olas Centre II to Adams and Reese LLP, a New Orleans-based law firm with 19 offices throughout the Southeast.
The fully furnished 11th-floor space at 350 East Las Olas Boulevard offers elevator lobby exposure, an upgraded reception area and numerous perimeter offices.
This is Adams & Reese LLP’s first South Florida location. The firm expects to employ 15 new attorneys in this office.
“We were recommended to hire Jeff and A.J. for our pressing office space needs, as we needed to come up with a solution quickly,” said Jessica Thomas, Florida Chief Administrative Officer for Roetzel & Andress. “They were able to deliver the results we expected, and their expertise throughout the process was instrumental in allowing our firm to make informed decisions. We would certainly recommend them to anyone that requires top level service for their corporate real estate.”
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 45,000 employees in more than 70 countries help occupiers and investors 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 $6 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. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.