The Leasing Team of Travis Herring and Katherine Ridgway Negotiated a New Lease with Patriot National and a Renewal/Expansion with Marcus & Millichap
Cushman & Wakefield has negotiated one new lease and one renewal/expansion totaling approximately 32,000 square feet at Cypress Financial Center. The 198,528-square-foot, Class A suburban office building is in Fort Lauderdale’s Cypress Creek submarket.
The office leasing team of Executive Director Travis Herring and Director Katherine Ridgway represented the landlord, Steelbridge, in the lease negotiations.
The tenants are Fort Lauderdale-based insurance company Patriot National, represented by Stiles Realty, and commercial real estate firm Marcus & Millichap, represented by Cresa.
Patriot National leased a 18,828-square-foot space, relocating its headquarters from 401 E. Las Olas Blvd. Marcus & Millichap renewed its lease and expanded by 1,000 square feet for a total of 12,851 square feet.
With these leases, Cypress Financial Center is now 88 percent occupied. Other notable tenants include TD Bank; City National Bank; Altadis; and McConnaughhay, Coonrod, Pope, Weaver & Stern, P.A, which recently signed a 5,060-square-foot lease. Cushman & Wakefield was awarded the leasing assignment for the property in 2017.
At 5900 N. Andrews Ave., Cypress Financial Center is centrally located within South Florida’s tri-county market. It is the region’s only Class A office tower that sits adjacent to the primary artery of Interstate 95, which provides visibility to approximately 600,000 cars a day.
“Cypress Financial Center’s central location within the tri-county region as well as its convenient highway access were big drivers for Patriot National to relocate here, and for Marcus & Millichap to extend and expand its lease for the long term,” said Herring. “Further, Steelbridge’s extensive updates to the property have positioned it as a top choice among major employers looking to relocate to the Cypress Creek submarket.”
Steelbridge recently completed an extensive renovation program at Cypress Financial Center, which included the enhancement and modernization of the lobby, common areas and elevators. The renovations also included new landscaping, new exterior lighting and new monument and directional signage. Amenities include an on-site café, on-site security and attached covered parking.
The location provides immediate access to the Tri-Rail and new Sun Trolley, which provides shuttle service around the Uptown Business District.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm with 45,000 employees in more than 70 countries helping occupiers and investors optimize the value of their real estate. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 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.
