Stiles Realty announced today that YouFit Health Clubs has signed a 10-year prelease at the proposed Sawgrass Plaza located at 8356 West Commercial Blvd. in Tamarac, FL. The health club chain with more than 115 locations across the U.S. will occupy nearly 20,000 square feet at the center.
Owned and operated by Parabens Group LLC, the new 60,000-square foot plaza is on track to becoming 50 percent preleased by the end of Summer 2017, according to Stiles Realty Vice President Nicole Messer. Messer represented the landlord in the transaction while Jonathan Cashion and Daniel Solomon with Katz and Associates represented YouFit.
“This property has attracted significant interest because of its location and the fact that its new construction with excellent exposure and signage opportunities directly facing Commercial Boulevard,” commented Messer. “YouFit appeals to a diverse and growing customer base that brings value to the entire tenant mix.”
The health club will occupy 19,680 square feet of prime anchor space fronting Commercial Blvd. Trafficked by approximately 50,000 cars per day, the plaza features two end cap spaces with outside seating specifically for restaurant users, an end cap located at the main entrance ideal for home goods and inline space where we can still accommodate uses like hair salons, , dance studios, video game stores, cell phone stores, and more. Stiles Construction is the contractor and Stiles Property Management will manage the plaza once completed. Construction is expected to begin by the end of this year with anticipated delivery in mid-2018.
“This deal speaks to the strong suburban market in Tamarac,” commented Messer. “This plaza will be supported by the surrounding dense residential population, which only continues to grow as many Broward residents seeking more spacious and cost-effective lifestyles move west of I-95.”
Messer commented that lease rates at the plaza are very attractive during the preleasing effort, and that several bays remain available from 1,260 square feet up to approximately 10,000 square feet of contiguous space.
“At this juncture, we are in negotiations with several potential tenants, including a veterinarian, dentist, optical services provider, pediatrician and wellness center,” said Messer. “These are all excellent uses that will service the local community well. We are also working on securing restaurants and other neighborhood uses that will complement the existing tenants and the center,” added Messer.
For leasing inquiries, please contact Nicole Messer at Nicole.messer@stiles.com or call 9544-627-9400.
About Stiles
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 maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 43 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://stiles.com or call 954-627-9300.