4701 NW 33rd Avenue
The Tenant Advisory Team of Jeff Holding and A.J. Belt Represented the Jeweler in its $3.44 Million Acquisition of the Girl Scouts of Southeast Florida’s Former Home
Cushman & Wakefield announced today that it has negotiated the sale of a two-story, 20,594-square-foot free standing office building at 4701 NW 33rd Avenue.
The tenant advisory team of Executive Director Jeff Holding and Senior Director A.J. Belt represented Traci Lynn, Inc. in its acquisition of the asset from the Girl Scouts of Southeast Florida. The transaction was valued at $3.44 million ($167 per square foot).
Traci Lynn, Inc. is the parent company of Traci Lynn Jewelry, a high-quality, affordable fashion jeweler founded in 1990 by Dr. Traci Lynn in Philadelphia. The company delivers its products via a wholesale network and direct sales and has been featured in Essence Magazine, Good Morning Americaand CNN for its innovation and entrepreneurial success.
Traci Lynn Jewelers is relocating and expanding its corporate headquarters after leasing space on Southeast 3rd Avenue in downtown Fort Lauderdale. The company is growing its footprint three-fold in the move, providing ample retail, office and event space.
Traci Lynn Jewelers plans to make significant upgrades to 4701 NW 33rd Avenue, which was built in 1998. The company will open up the floor plan; remove the existing ceiling grid in-place to create a modern, loft-style ceiling; and upgrade the interior with high-end flooring and glass finishes. Traci Lynn Jewelers expects to move into the building in the second quarter of 2017.
“Jeff and A.J. were the perfect brokers for us,” said Dr. Lynn. “They knew exactly how to negotiate the best price, provided all the guidance and support to move us through the process and referred some great talent to renovate our fabulous building. They are the total package.”
The team of Holding and Belt specialize in tenant advisory services throughout the Broward County office market. Holding has over 30 years of experience in office brokerage, and Belt has been in the industry for over nine years since joining forces with Holding. Their entire combined tenure has been spent while living and working in Fort Lauderdale. Together they are considered one of the premier tenant representation teams in Broward County.
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
