FORT LAUDERDALE, Fla. (February 11, 2016)—110 Tower has enjoyed a stellar quarter in terms of leasing activity. The award-winning, LEED® Gold certified, Class A office building in downtown Fort Lauderdale has announced that more than 88,000 square feet of office space has been renewed or leased recently bringing the building to approximately 82% leased.
United Capital Advisors, a wealth management company, signed a new long-term lease, Sabadell Bank, which has a retail location on the ground floor, renewed its lease; the law firms of Zebersky Payne, Shook Hardy & Bacon, Scott Grady P.A. and Luks and Santaniello also renewed their leases. In addition, high-profile tenants Allstate Insurance renewed and expanded their lease, and Broward County renewed a full floor and also expanded by leasing another full floor.
Tenants across industry spectrums consistently look to 110 Tower as their office location of choice primarily due to the buildings recent award winning multi-million dollar renovation and the building’s unbeatable views and amenities. The building has also established a reputation for pioneering efforts in energy efficiency within Fort Lauderdale’s downtown district. In fact, it was the first option for tenants seeking a LEED Gold certified building within a multi-tenant high-rise office tower in downtown Fort Lauderdale.
With the recent new leasing, renewals and expansions with several tenants, it reconfirms that 110 Tower remains the location of choice for tenant’s seeking best in class service, prestige and amenities. 110 Tower’s prime location in the heart of downtown Fort Lauderdale directly across from the new Broward County Courthouse along with the revitalization of SE 6th Street is also a draw, as it offers access to transportation, including the proposed Wave streetcar set to stop in front. Tenants also have access to many onsite amenities including 110 Fitness, Subway, That’s A Wrap, Dunkin’ Donuts, a car wash, a wrap-around outdoor terrace, ballroom and multiple conference centers.
“The building’s tenant demographic now mirrors the makeup of our thriving downtown,” stated Laurel Oswald, director of Cushman & Wakefield. “Attorneys, technology firms and financial and private wealth management firms are all finding that 110 Tower represents the ideal combination of 21st century amenities and sustainability with a central location.” This trend was further evidenced by SATO Global Solutions, a subsidiary of SATO worldwide, the premier global technology company based in Tokyo, which now calls 110 Tower its headquarters for servicing the US, Latin America and the Caribbean.
SATO moved in to 14,000 square feet on the seventh floor, featuring a modern, collaborative workspace, which reflects its technology focus. The building’s high ceilings and mezzanine design offer a loft-like environment along with access to a seventh floor tropical sky terrace that may help motivate creative employees.
“SATO considered major cities like Dallas, New York and the Silicon Valley before choosing Fort Lauderdale to host its first global headquarters outside Japan but, ultimately, lower prices, a business friendly government and a fast-growing IT sector helped solidify their decision,” stated Laurel Oswald of Cushman & Wakefield, the building’s leasing agent. “Choosing 110 Tower says a great deal about the building and is an equally important nod to downtown Ft. Lauderdale.”
110 Tower received the U.S. Green Building Council of South Florida’s coveted GalaVerde Award as “Florida’s Best in LEED for Existing Buildings,” BOMA Fort Lauderdale/Palm Beaches’ TOBY Award for “Renovated Building of the Year,” BOMA’s Southern Regional TOBY Award for “Renovated Building of the Year,” and the PRISM Award for “Renovated” Building.
Cushman & Wakefield leases 110 Tower and Transwestern manages the building, whose ownership is represented by GenCap Partners Inc. To learn more, visit 110Tower.com.
ABOUT CUSHMAN & WAKEFIELD
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. 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.
Transwestern is a privately held real estate firm specializing in agency leasing, property and facilities management, tenant advisory, capital markets, research and sustainability. The fully integrated global enterprise leverages competencies in office, industrial, retail, multifamily and healthcare properties to add value for investors, owners and occupiers of real estate. As a member of the Transwestern family of companies, the firm capitalizes on market insights and operational expertise of independent affiliates specializing in development, real estate investment management and research. Transwestern has 34 U.S. offices and assists clients through more than 181 offices in 40 countries as part of a strategic alliance with Paris-based BNP Paribas Real Estate. For more information, please visit transwestern.com and follow us on Twitter: @Transwestern.
ABOUT GENCAP PARTNERS, INC.
GenCap Partners, Inc. is a real estate investment, advisory firm based in Dallas, Texas. The firm provides specialized real estate advisory, asset management and development services to domestic and international institutions in core markets nationwide. GenCap focuses on creating value and superior returns for its clients through investments in office, multifamily and industrial products. The GenCap Group brings substantial experience in sourcing, underwriting, structuring and managing real estate investment and development transactions. GenCap’s strategic approach to real estate balances opportunistic, core and value added approaches to the market to meet the unique risk profiles of its diverse clientele. GenCap currently manages over $400 million on behalf of its European private and institutional clientele.