Leasing Team of Deanna Lobinsky and Chase Kulp Represented Bridge Commercial Real Estate
FORT LAUDERDALE, FL, May 7, 2018 – Cushman & Wakefield has negotiated three leases totaling approximately 20,000 square feet at BayView Corporate Tower, a class A office building in Fort Lauderdale with 412,520 square feet that is nearing completion of a substantial renovation program.
The office leasing team of Executive Director Deanna Lobinsky and Associate Chase Kulp represented Bridge Commercial Real Estate, in the lease negotiations.
The tenants are Rissman, Barrett, Hurt, Donahue, McLain & Mangan PA with 14,559 square feet, Pierson Grant Public Relations, Inc. with 3,757 square feet, and Webb-Mason Inc. with 1,467 square feet.
Bridge Investment Group, acquired BayView Corporate Tower in September 2016 and is close to finalizing a $5 million renovation program to enhance and modernize the property. Improvements include a roof replacement, new landscaping, and updates to the entryway, lobby, common areas and restrooms.
Bridge also implemented a state-of-the-art, collaborative coworking space, featuring a fitness center, tenant lounge, conference center, modern café and game area.
“Bridge has done an impeccable job of repositioning BayView Corporate Tower into one of Fort Lauderdale’s premier office buildings,” said Lobinsky. “These three new leases show a strong demand for collaborative, highly amenitized environments from office tenants in the South Florida market.”
Lobinsky and Kulp have held the leasing assignment at BayView Corporate Tower since July 2014, when they were awarded the contract by previous ownership. They have since leased well over 200,000 square feet of office space within the building, which is now 85 percent occupied. Other notable tenants include CHG Healthcare Services, Whole Foods and EnvisionRX.
“The recent renovations and modern amenities have helped increase our leasing momentum,” said Kelly Kuykendall, Acquisitions Director with Bridge Investment Group. “The strategic repositioning of this asset is directly in-line with our investment plan and we are excited to welcome these new tenants to BayView Corporate Tower.”
In addition to the recent updates, the 12-story office building offers panoramic views of the Atlantic Ocean and Intracoastal Waterway, floor plates up to 33,500 square feet, an on-site café, an outdoor picnic area, ample structured parking and on-site security and management.
Situated at 6451 North Federal Highway, BayView Corporate Tower is ideally located within walking distance of a variety of dining and retail amenities along North Federal Highway, as well as numerous luxury residential developments. The property offers convenient access to the entire South Florida region by way of Interstate 95, Florida’s Turnpike and Interstate 595.
About Bridge Investment Group
Bridge Investment Group is a privately held real estate investment management firm with $10 billion in assets under management. Bridge combines its 1,000-person, nationwide operating platform with specialized teams of investment professionals focused on select US real estate verticals, which Bridge believes offer above-market opportunity: Multifamily, Office, Seniors Housing, Affordable Housing and Debt Strategies. Bridge Commercial Real Estate provides brokerage, property management and construction services for Bridge Office assets.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. 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. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
Communications Specialist, Florida 813-204-5341 (office)