ICM Realty Group announced today that Cushman & Wakefield leasing agents John Criddle and Joseph Freitas have leased more than 83,000 square feet of space at Cypress Executive Center.

Criddle and Freitas represented ICM Realty Group in securing new leases with Delphi Behavioral Health Group, Wells Fargo Bank and Royal Seas Cruise Lines and secured lease renewals with Whiting-Turner Contracting Company and Humana Medical.

Cypress Executive Center is a six-story, 140,635-square-foot, Class A office building located in the heart of Cypress Creek at 1901 West Cypress Road. The building offers a surface parking ratio of 5.9 spaces per 1,000 rentable square feet, numerous recently-added amenities, on-site management, individually metered suites and spacious floor plates featuring efficient designs. Cypress Executive Center is situated just west of the Interstate 95-Cypress Creek exchange providing easy access to Interstate 95, Florida’s Turnpike, bus routes, TriRail, and Fort Lauderdale Executive Airport.

ICM purchased Cypress Executive Center in early 2015 and has since successfully repositioned the building into a Class A property via an aggressive building renovation program. Improvements include the complete renovation of the building lobby, common areas, rest rooms and exterior landscaping, plus newly added amenities including a tenant wi-fi lounge, café and conference facility.

“We’re seeing tremendous interest in Cypress Executive Center driven by both ICM’s capital investments and prevailing market trends, which are driving demand in non-CBD markets like Cypress Creek,” said Criddle.

According to Cushman & Wakefield research, a tightening downtown Fort Lauderdale office market has boosted suburban demand. Coupled with significant regional employment gains, the Broward County office market stands to see significant gains in the coming months.

“As the Downtown CBD becomes less of an option due to limited space, many suburban markets that have not peaked will become more attractive to those forced out of downtown due to the high asking rental rates and restricted space availability,” wrote Senior Research Analyst Valerie Tatum in the firm’s 2Q 2016 Broward County Office MarketBeat report. “With limited construction in the pipeline, Cushman & Wakefield anticipates market fundamentals to tighten through the back end of 2016.”

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 and occupiers 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.comor follow @CushWake on Twitter.

About ICM Realty Group

Founded in 2003, ICM Group is a fully integrated international real estate investment firm that focuses on the US and Canadian commercial real estate markets. From its offices in Calgary, Atlanta, San Francisco, Minneapolis, Delray Beach and Munich, ICM’s core objective is to provide institutional and high net worth investors with customized services in the areas of Investment Management, Asset/Portfolio Management, and International Investment Solutions. ICM has a proven track record with all investment-property types and has extensive experience in structuring and managing cross-border investment vehicles, including, real estate investment funds, private placements, and real estate syndications. Visit www.icmgroup.ca for more information.