Berger Commercial Realty, Stiles Realty Secure Ten-Year Lease For First BankUnited Location On Las Olas Boulevard

Berger Commercial Realty/CORFAC International Sales Associate Mary Harris represented tenant BankUnited and Stiles Realty Senior Vice President Norm Adams and Associate Sheila Roux represented landlord Third Avenue Associates, Ltd. in two, new 10-year leases totaling nearly 10,000 square feet at the Plaza at Las Olas.

BankUnited leased 7,647 square feet of office space at 333 East Las Olas Blvd. and 2,034 square feet of retail space at 337 East Las Olas Blvd.

"BankUnited's new downtown location increases their visibility with building signage on Las Olas Boulevard and offers a more central location to serve their clients in the heart of Fort Lauderdale's business district," Harris said.

Adams added, "We are excited that BankUnited chose the Stiles-owned Plaza at Las Olas. They will be an excellent addition to our financial core on Las Olas."

"We have been looking opportunistically for some time to relocate our existing Fort Lauderdale office and couldn't be more excited to move to the Plaza," said Lisa Shim, BankUnited executive vice president, head of consumer and small business banking. "Our decision to be on Las Olas allows us to be in a prime spot in the heart of downtown Fort Lauderdale to better serve all of our clients."

BankUnited, Inc.(NYSE: BKU), with total assets of $32.7 billion at March 31, 2019, is the bank holding company of BankUnited, N.A., a national bank headquartered in Miami Lakes, Florida with banking centers in Florida and the New York metropolitan area.

Berger Commercial Realty President Lloyd Berger said, "This deal is a testament to the excellence of our team. Through her creativity, diligence and relationship with BankUnited, Mary successfully secured a new, advantageous location that meets the requirements of both the bank's retail operation and office needs."

Stiles Realty's President Paul Marko said, "We are thrilled to have BankUnited relocate to the Plaza at Las Olas. In addition to our team's diligence, this lease transaction required the knowledge and creativity of Stiles' tenant project management team, led by Vice President Mike Miller."