Savlan Capital Secured Four New Leases Totaling ±20,000 Square Feet at its Downtown Bradenton Office Tower
BRADENTON, FL, December 16, 2021 — Savlan Capital has executed four new office leases at Bradenton Financial Center totaling ±19,743 square feet. The leases bring the downtown office tower to near full occupancy with only one vacant suite remaining.
Benjamin Bakker of Michael Saunders and Company represented Savlan Capital in securing leases with Qure4U, Fidelity National Title Company, Oxlos, and Horsepower Financial.
Qure4U relocated to Bradenton Financial Center, signing a five-year, ±7,179-square-foot lease on the ninth floor. Qure4you is a health care IT support company that works with many of the largest health care providers and offers a complete digital health platform that supports patient needs from start to finish.
Fidelity National Title Company signed a three-year lease for a new ±2,136-square-foot location on the third floor. Fidelity National Title Group is a member of the Fidelity National Financial (NYSE: FNF) family of companies and the nation’s largest group of title companies and title insurance underwriters.
Oxlos, a marketing, branding, education, and training firm, leased ±7,622 square feet on the first floor. Horespower Financial Services, which specializes in leasing Harley-Davidson motorcycles, leased ±2,806 square feet on the ninth floor of Bradenton Financial Center.
These new tenants join an existing roster of notable occupants including Merrill Lynch, Morgan Stanley, Mauldin & Jenkins, CPAs & Advisors, Bank of America, WBS, Emerson-Fisher Rosemount Systems, and TIMECO.
Savlan Capital acquired Bradenton Financial Center in June 2019 and renovated the building over the course of one year, updating common areas, re-designing and painting the lobby, and adding digital signage on the property.
The building was 90% leased at the time of sale before occupancy dipped to approximately 80% due to COVID-19 and attrition. Bakker and his team, supported by the management efforts of Red Management Group, have been successful in their lease-up efforts.
“When COVID-19 hit, the future of office leasing was unclear. But Ben’s leasing expertise, exceptional management, the quality of the renovations, and the building’s position as the premier asset in the CBD made lease-up during the pandemic possible,” said Savlan Capital Chief Executive Officer Zusha Tenenbaum.
Bradenton Financial Center was developed in 1986 on a ±1.18-acre site at 1401 West Manatee Avenue. At 12 stories, it is the tallest building in Bradenton, offering views of the Manatee River. The asset features the Sage Biscuit Café on the ground floor and is served by an adjacent five-story parking garage accessible via skybridge from the main structure.
The property offers exceptional visibility along Manatee Avenue, the Bradenton CBD’s primary east-west thoroughfare. It’s central location places Bradenton Financial Center within walking distance of Bradenton City Hall, the Manatee County Courthouse, the Manatee County Government Center, Bradenton Riverwalk, and the numerous retail, dining and entertainment venues in downtown Bradenton.
The asset is ideally positioned to capitalize on numerous recent developments in downtown Bradenton, including a new 120-room Spring Hill Suites by Marriott, the 302-unit Aria Bradenton multifamily community, the $12 million expansion of The Bishop Museum of Science and Nature, and the $10 million Manatee Chamber of Commerce and city parking garage project.
About Savlan Capital
Savlan Capital is a fully integrated real estate investment company with over 20 years of extensive real estate investment management, acquisition, property management, development, and redevelopment expertise. Headquartered in Hollywood, Florida, Savlan Capital has a proven track record of successful investing in sustainable multifamily, office, industrial, medical office, and business parks in markets exhibiting diversified economies and strong population growth throughout the United States. For more information, please visit www.savlancapital.com.