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Securing Credit Tenants in a Time of Recession
SITUATION
- Building delivered in the midst of the recession
- Nearly 800,000 square feet of new competitive office supply delivered
- No pre-leasing
STRATEGY
- Focused and targeted canvassing program to secure credit anchor tenant
- Proactive positioning of the asset’s location and unique urban experience connecting it to the vision of CityPlace
RESULTS
- Secured 95,000 SF anchor tenant within 6 months of engagement
- Reached 95% occupancy within months and maintained occupancy above 90%
- Procured Related Group to enter into a JV agreement with ShomaGroup to develop CityPlaceDoral
Repositioned As Premier Office Park Differentiated as a High-Tech Infrastructure
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PLANTATION OFFICE BUILDING GAINS FOUR NEW TENANTS
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article Companies involved with energy, money, tech and tourism have secured space in an eight-story office building in Plantation. The new leases amount to […]
BLANCA CRE DRIVES OVER 56,000 SF OF LEASE ACTIVITY AT ROYAL PALM OFFICE PARK
/in In the news /by Geraldine GonzalezMEDIA CONTACT: Levy Public Relations Full Article Blanca Commercial Real Estate, Inc. announced new leases and renewals totaling 56,100 square feet at Royal Palm Office Park in Plantation. The activity […]