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News release

FORT LAUDERDALE, FL

Law Firm Greenspoon Marder Signs 64,964-SF Renewal and Expansion at 200 East Broward Blvd.

Jones Lang LaSalle and Studley complete largest law firm transaction inked in South Florida this year


FORT LAUDERDALE, Nov. 21, 2013 – In a deal that marks the largest law firm lease renewal and expansion inked in South Florida so far this year, Greenspoon Marder has leased four full floors at the trophy tower 200 East Broward Boulevard. The new 64,964-square-foot lease expands the law firm’s presence in the building from one to four floors. This transaction signifies positive absorption of office space for the Broward Boulevard corridor and strengthens the law firm’s presence in the downtown Fort Lauderdale area.

Jones Lang LaSalle’s Senior Vice President Sandra Andersen completed the lease on behalf of the building’s ownership, VV USA City, LP., an entity represented by Invesco Real Estate. Studley’s Corporate Managing Director Thomas Capocefalo and Executive Vice President Gregory Katz represented Greenspoon Marder. Financial terms of the lease were not disclosed.

Since 1981, Greenspoon Marder is a full-service business law firm headquartered in Fort Lauderdale.  The firm serves Fortune 500, middle market public and private companies, start-ups, emerging businesses and entrepreneurs across Florida and the United States. 
“The Firm’s decision to lease additional space in the 200 East Broward Boulevard building is the latest example of our commitment to our continued growth,” said Greenspoon Marder Co-Founding Partner Gerry Greenspoon. “We wanted to align our space needs with our business goals by bringing our lawyers closer to many of our corporate and banking business clients in downtown Fort Lauderdale.”

With this transaction, the occupancy rate at the 21-story, class A office building rises to 88 percent, with other marquee tenants including PNC Bank and law firms Shutts & Bowen and Weiss Serota Helfman Pastoriza Cole & Boniske. Centrally located in Downtown Fort Lauderdale, the 225,650-square-foot office tower offers amenities such as conference facilities, an eight-level parking garage and 24-hour manned security. 

“This transaction is testament to the strength of the office market in the CBD, particularly along Broward Boulevard, as law firms like Greenspoon Marder look to solidify their presence in the Central Business District,” said JLL’s Andersen, who has brokered transactions in Fort Lauderdale’s CBD for the past 25 years.
The law firm toured the Broward office market for several months analyzing its space options and ultimately elected to expand its home at 200 East Broward Boulevard.

“Greenspoon Marder considered several Central Business District building options before it elected to expand its home at 200 East Broward Blvd.,” said Studley’s Capocefalo. “Ownership also provided attractive economic concessions and flexible lease options to the law firm.”

The 200 East Broward Blvd. office tower is leased and managed by Jones Lang LaSalle. For leasing opportunities, please contact JLL’s Sandra Andersen at (954) 760-4854.

About Jones Lang LaSalle
Jones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet and completed $63 billion in sales, acquisitions and finance transactions in 2012. Its investment management business, LaSalle Investment Management, has $46.7 billion of real estate assets under management. For further information, visit www.jll.com.

About Invesco Real Estate
Established in 1983, Invesco Real Estate manages $54.3 billion of real estate investments, including $31.3 billion in direct real estate investments and $23 billion in real estate securities (as of September 30, 2013).  With more than 360 employees in 18 offices worldwide, the group focuses on top-down market and property fundamentals combined with bottom-up local market intelligence.  Senior members of the management team have worked together for more than 25 years, contributing to the consistent implementation of Invesco’s investment strategy and resulting performance. Additional information is available at www.invescorealestate.com.