Stiles Realty Represents Owner, Buyer and Tenant in High-Profile Building
Posted on 5/31/2017Stiles Realty Represents Owner, Buyer and Tenant in High-Profile Building
Three brokers from Stiles Realty represented both sides of the transaction as Encore Interiors executed a 10-year lease for a 24,599 SF space at 2300 Federal Highway. Encore is doubling its size from its previous location and taking advantage of a unique, freestanding retail/showroom fronting Federal Highway and its 70,000 daily motorists. Stiles Realty Vice Presidents Patrick Conness and Michael Carpenter represented the landlord in the transaction while Stiles Senior Vice President Kimberly Barbar represented Encore.
Stiles has a unique understanding of the site as Conness and Carpenter have executed multiple transactions within it. The duo represented the site's previous owner, West Marine, in its sale to Sunshine Gasoline Distributors (SGD). They were then retained by SGD to handle the property's leasing. Meanwhile, Barbar was tapped as Encore Interiors' exclusive representative in its search for a new home from its previous location in the Coral Ridge area. The highly-visible building proved to be the perfect fit.
"Encore has a loyal customer base and wanted to relocate to an area that would be both convenient for its existing customers while attracting new customers," Barbar said. "The new location provides Encore with increased visibility and easy access in a very prominent corridor."
Stiles Tenant Project Management also completed the building renovations for Encore.
"From sale to lease to renovations, Stiles was completely integrated in every aspect of the transactions at this site," Conness said. "In the end, it allowed us to deliver the exact space Encore desired and demonstrate the breadth of our capabilities."
The location provides main-and-main access to new retail and multifamily developments slated for the area, including a combined Whole Foods and apartment project, which is expected to begin construction this summer.
Encore Interiors is the largest consignment store in South Florida, featuring stylish home décor and accessories. Jeff Holly and Chuck Wilson, co-owners of Encore Interiors, have grown their business from its inception, most recently from an 8,000 square foot location to the new 24,599 square foot home. The new location now provides design services and additional departments including blinds, shutters and custom carpets. Encore recently held its ribbon cutting ceremony and was honored by Fort Lauderdale Mayor Jack Seiler for its commitment to and increased investment in Fort Lauderdale.