Property Renovations Drive New Leasing Activity at 800 Fairway
Posted on 8/18/2014Showcasing continued momentum after extensive renovations, Stiles Realty, a division of Fort Lauderdale-based full-service real estate firm Stiles, executed 35,734 square feet of leases in the past six months at the repositioned 800 Fairway office building in Deerfield Beach, Fla. Stiles worked in concert on this property assignment with Virginia-based Divaris Real Estate, who is a CORE Network Partner.
Notably, Experian Information Solutions signed the second largest new lease in the building for 13,550 square feet over a 5-year term and United Schools Association signed a lease for 4,149 square feet over a 5-year term.
Comprised of 172,323 square feet amidst four floors, 800 Fairway is the largest multi-tenant office building in Deerfield Beach. The building is owned by American General Life Insurance Company and Stiles provides both leasing and management services on the property for the landlord.
"Tenants seeking quality, flexible space and a large amenity base have few options in Deerfield Beach," said Garcia. "800 Fairway has found an effective market niche with its on-site amenities and is drawing attention from large and midsize users that find value in these services."
According to Stiles Realty Director Madelayne Garcia, who represented the landlord along with Broker Associate Tom Kates in all of the transactions, leasing activity accelerated in response to the owner's extensive renovation in mid-2013.
"800 Fairway's reputation as the ideal option for larger users in Deerfield Beach is further augmented by its recent renovations, which have been a catalyst for additional leasing activity," commented Garcia. "This building now offers tenants better quality amenities and a more dynamic business environment."
800 Fairway underwent extensive interior and exterior upgrades that enriched its amenity base and differentiated it in the market. Notable features include a renovated fitness center with state-of-the-art equipment, lockers and showers, as well as a remodeled atrium lobby, expansive conference center, on-site café, secured parking, lit walking paths, and picnic shaded area.
In addition, renewals and expansions in recent months have accounted for much of the activity at 800 Fairway. Jonathan Brooks, P.A. expanded their lease by 2,401 square feet to occupy a total 8,298 square feet. Three lease renewals totaling 15,635 square feet were also executed, with two closing as recently as July 2014. Renewed tenants include Jacobs Engineering Group for 6,256 square feet, engineering firm Tildin, Lobnitz, Cooper for 4,743 square feet, and nurse employment agency Onward Healthcare for 4,636 square feet.
"We're pleased with the strong leasing activity that has resulted from our successful repositioning of 800 Fairway," said Garcia. "The building continues to attract high-quality businesses, which is a direct reflection of the ownership's commitment to enhancing its quality and marketability."
800 Fairway is located at 800 Fairway Drive — adjacent to I-95 and in between Hillsboro Blvd and SW 18th Street in Boca Raton. Boasting four stories with an expansive atrium lobby, 800 Fairway offices overlook an 18-hole golf course.
Up to 23,000 square feet of contiguous space remains available for large users while smaller suites start at 2,500 square feet. Contact Madelayne Garcia at firstname.lastname@example.org or at 954-627-9400.
Click here for photos and a video tour of the property.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles also has regional offices in Miami, Fort Myers, Tampa and Orlando, Florida. For more information, please visit http://www.stiles.com or call 954-627-9300.