The Office Leasing Team of Deanna Lobinsky and Chase Kulp Secured Seven New Leases in the Past 12 Months for Building Owner New Boston Real Estate Investment Funds

Cushman & Wakefield announced today that it has negotiated nearly 180,000 square feet of office leases at BayView Corporate Tower over the past 12 months.

The office leasing team of Executive Director Deanna Lobinsky and Associate Chase Kulp negotiated seven leases totaling 178,556 square feet for building owner New Boston Real Estate Investment Funds.

A summary of these leases can be found below:

Salt Lake City-based CHG Healthcare Services, one of the largest providers of healthcare staffing in the United States, renewed its existing lease of 84,112 square feet and expanded by another 33,664 square feet. CHG is the largest tenant in the building at 117,776 total square feet.

EnvisionRx, a leading pharmacy benefit manager and subsidiary of RiteAid, relocated its South Florida offices from downtown Fort Lauderdale to BayView Corporate Tower, leasing 23,026 square feet. EnvisionRX is expected to relocate 100 employees to the new location in October. Cushman & Wakefield Executive Director Jeff Holding and Director A.J. Belt represented EnvisionRx in the lease negotiations.

Alpine, a division of Illinois Tool Works (ITW) and leading supplier of building components, leased 12,705 square feet. It subsequently expanded that space by 1,306 square feet and now occupies a total of 14,011 square feet in BayView Corporate Tower. Holding and Belt represented Alpine.

Maryland-based TEKsystems, a subsidiary of Allegis Group, a leading provider of IT staffing, IT talent management and IT services, leased 8,864 square feet.

Kovack Securities Inc., a platform provider for independent financial advisors, renewed it existing lease of 8,679 square feet and signed a 3,000-square-foot lease expansion, bringing its total in the building to 11,679 square feet. Holding and Belt represented Kovack.

The Miami Association of Realtors, the largest local realtor association in the nation with more than 40,000 members, leased 1,625 square feet.

Strategic Asset Management Group, a Fort Lauderdale-based financial advisor servicing high-net-worth individuals, municipalities, and corporations, leased 1,595 square feet.

BayView Corporate Tower is Broward County’s largest office tower at 412,520 square feet. The 12-story building offers panoramic views of the Atlantic Ocean and Intracoastal Waterway, floor plates up to 33,500 square feet, an on-site café, a gift shop, an outdoor picnic area, ample parking in a covered garage 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.

“We’ve seen tremendous interest from prospective tenants at BayView Corporate Tower,” said Lobinsky. “The market is tightening and this is one of the few Class A office buildings in Broward County capable of accommodating users of all sizes.”

According to Cushman & Wakefield research, demand for Class A office space has increased in Broward County while the supply of available space dwindles.

“Tenant interest increased in the first quarter, with many searching for large blocks of space that are not available in the market, especially in the highly sought after Downtown CBD submarket,” wrote Senior Research Analyst Valerie Tatum in the firm’s Q1 2016 Broward County Office Snapshot. “The Broward office market will continue to tighten as prime rents trend higher, fueled by strong tenant demand and a declining supply of high-quality space.”

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 43,000 employees in more than 60 countries help 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 $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.