Cushman & Wakefield Arranges Two Leases at BayView Corporate Tower Totaling 20,198 Square Feet3/1/2021 Top South Florida Office Leasing Team Brings Two Tenants to Broward’s Largest Office Tower FT. LAUDERDALE, Florida – Cushman & Wakefield announced today that the commercial real estate services firm has arranged two leases at BayView Corporate Tower in Ft. Lauderdale, Florida. Combined, the leases total 20,198 square feet. Deanna Lobinsky and Chase Kulp of Cushman & Wakefield represented Somerset Properties, a full-service real estate company that operates in the eastern United States which owns and manages the building, in the lease negotiations. “The leasing activity we have experienced during the pandemic reaffirms our commitment to market-leading properties like Bayview in top tier markets throughout Florida,” said Jennifer Wierman, a Principal at Somerset Properties. “It also reinforces our core philosophy of treating our tenants like partners and striving to make each lease a ‘win-win’ result for all parties involved.” A global manufacturing company signed a long-term 15,913-square-foot lease and Oakmont Public Adjusting, a loss consulting and public adjusting firm, signed a 4,285-square-foot lease. "These transactions were negotiated amid COVID-19, which shows the significance of having top-tier amenities in desirable locations,” Lobinsky said. “These factors will remain a driver for tenants as the end of the pandemic nears and tenants begin to focus on where and how their employees will work." Located at 6451 N. Federal Highway in Ft. Lauderdale, BayView Corporate Tower totals 412,250 square feet. The property features a state-of-the-art tenant amenity center with a conference facility, fitness center and modern café and lounge, as well as covered parking, on-site security and on-site management. Recent improvements include renovated lobby, common areas exterior and landscaping. BayView is accessible to the entire region by way of Interstate 95, Florida’s Turnpike, Interstate 595 and is minutes from Fort Lauderdale/Hollywood International Airport. In addition to being real estate investors, Somerset Properties provides a full complement of services for owned and managed properties including leasing, property management, construction management, asset management and financial analysis. Since the firm’s inception in 1996, it has acquired and repositioned over 100 properties with a gross asset value upon stabilization of roughly $1 billion. The South Florida Office Agency Leasing team, which also includes Travis Herring, Katherine Ridgway and Jessica Gomez, is the top office agency leasing team in the region. The prolific team completed some of Broward County’s largest deals in 2020 with 36 transactions totaling 259,765 square feet of leases. About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 50,000 employees in over 400 offices and 60 countries. In 2020, the firm had revenue of $7.8 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter. For Further Information Contact: Savannah Durban +1 404 853 5371 [email protected]
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Cushman & Wakefield Secures Three New Leases at RenovatedBayView Corporate Tower in Fort Lauderdale6/19/2018 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. Media contact Tyler Killette Communications Specialist, Florida 813-204-5341 (office) 813-270-7854 (cell) [email protected] Improvements at Broward County’s Largest Office Building Include Extensive Exterior, Interior and Systems Upgrades, Including a Cutting Edge Tenant Coworking Space
FORT LAUDERDALE, FL, November 30, 2017— Cushman & Wakefield, as exclusive leasing advisor for BayView Corporate Tower, is pleased to announce owner BRIDGE Commercial Real Estate’s $5 million capital improvement campaign is nearing completion at Broward County’s largest office building. The extensive exterior and interior improvements include a roof replacement, landscaping, entryway, lobby and HVAC system upgrades as well as common area and restroom renovations on select floors. BRIDGE is currently developing a state-of-the-art, collaborative tenant coworking space featuring a fitness center, tenant lounge, conference center, modern café and game area. This final phase of the renovation project is expected to be completed during the first quarter of 2018. In total, BRIDGE will invest $5 million in an effort to reposition the BayView Corporate Tower, which it acquired in September 2016. “These improvements at BayView Corporate Tower will greatly enhance the tenant experience. They bring a modern, high-tech atmosphere to the asset, promoting interaction among tenants and enhancing an already impressive amenity package,” said Jeff Shaw, Principal with Bridge Office Fund Manager and CEO of Bridge Commercial Real Estate. The Cushman & Wakefield office leasing team of Executive Director Deanna Lobinsky and Associate Chase Kulp has 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 space in BayView Corporate Tower. “BRIDGE is a noted national leader in creating collaborative environments for their tenants, and the state-of-the-art amenities they are introducing at BayView Corporate Tower serve to reinforce their track record and continue to attract tenants to BayView Corporate Tower,” said Lobinsky. BayView Corporate Tower is currently 80 percent occupied. Notable tenants include CHG Healthcare Services, Whole Foods and EnvisionRX. BayView Corporate Tower is a 412,520-square-foot, 12-story office building offering 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, and ample structured parking as well as on-site security and management. BayView Corporate Tower’s location at 6451 North Federal Highway sits in the heart of Fort Lauderdale. The building is within walking distance of the myriad of dining and retail amenities along North Federal Highway as well as numerous luxury residential developments. BayView Corporate Tower is accessible to the entire region by way of Interstate 95, Florida’s Turnpike and Interstate 595 and is a short drive from Fort Lauderdale-Hollywood International Airport. About Bridge Office Fund Manager Bridge Office Manager’s senior management team averages 25 years of experience in the office sector and has been instrumental in the financing, acquisition, leasing and management of 274 properties in the US, completing ~$3 billion of office transactions in prior ventures. The investment team has substantial access to off-market deal flow and in three predecessor funds acquired assets at a 53% average discount to replacement cost. The majority of these transactions were sourced through Bridge’s longstanding industry relationships with asset owners and the brokerage community. About Bridge Investment Group Bridge Investment Group is a privately held real estate investment management firm with $8.85 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 principals are owners and operators who are deeply rooted in their assets. In-depth knowledge of local markets, as well as extensive real asset and capital markets expertise, enable Bridge to develop prolific deal flow and to deploy active asset management and monitoring across its business lines. Bridge’s asset management strategy is specialized and focused in a way that emphasizes current income and capital appreciation while mitigating risk. By making improvements that build lasting communities, increase renter satisfaction, and ultimately bring value to investors, Bridge seeks to create alpha at the asset level. The principals of Bridge have been investing in and improving communities around the US since 1991 and manage private equity funds, separately managed vehicles, co-investments, and joint ventures. Woven and intertwined with its buildings, people, and communities, Bridge transforms assets in a manner that maximizes their potential across all dimensions. 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. |
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