Travis Herring, Deanna Lobinsky, Katherine Ridgway and Chase Kulp Were Named Exclusive Leasing Agents for Steelbridge Capital’s Iconic Downtown Office Complex
Cushman & Wakefield announced today that it has been named exclusive leasing agent for SunTrust at Las Olas Square, an iconic 270,000-square-foot, two-building Class A office complex located in the core of downtown Fort Lauderdale on prestigious Las Olas Boulevard.
The office leasing team of Executive Director Travis Herring, Executive Director Deanna Lobinsky, DirectorKatherine Ridgwayand AssociateChase Kulpwere selected to lease the building by ownerSteelbridge Capital, which acquired the asset in July.
SunTrust at Las Olas Square was developed in 1992 and is comprised a 17-story office tower at515 East Las Olas Boulevardand a ±50,000-square-foot, three-story annex at501 East Las Olas Boulevard. The complex also includes a five-story structured parking garage and offers 24-hour security, on-site banking, an on-site café and excellent views of the Atlantic Ocean and New River.
Major tenants in the building includeSunTrust Bank,Raymond James Wealth Management,Holland and Knight, as well asBerkowitz, Dick, Pollack and Brant.
Steelbridge will soon begin significant renovations at SunTrust Center, upgrading the lobby and common areas in 515 East Las Olas as well as making improvements to the connected parking garage.
Steelbridge also plans to fully renovate and modernize the annex building at 501 East Las Olas. The modernization will include re-skinning the exterior and a complete retrofit of the interior space. The plaza between the tower and annex building will be converted to an attractive outdoor common area designed to serve as a gathering place for tenants and the general public.
“Our team is very excited to be a part of Steelbridge’s vision for the future of this asset,” said Herring. “The planned improvements will reposition SunTrust Center as the newest and most modern office product in downtown Fort Lauderdale.”
“The updated annex building will be a hub of modern innovation,” added Lobinsky. “It will feature technology and ground-floor retail amenities that are highly desirable in downtown office markets.”
About Steelbridge Capital
Steelbridge Capital is a value focused real estate investor and real estate services provider, with special expertise in markets with high job growth and strong natural barriers to entry like Florida. It is dedicated to acquiring real estate — either through debt or equity or private or public markets — whose values have been temporarily discounted due to supply/demand imbalances in real estate capital, space or information markets and whose values can be significantly enhanced through redevelopment and repositioning. Please visit us at www.steelbridgecapital.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. 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.com
