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News release

Ft. Lauderdale

JLL Tapped to Lease Nearly 200,000 Square Feet of Office Space in South Florida

Office market continues to tighten in Broward and Palm Beach Counties


FT. LAUDERDALE, January 8, 2015 – As demand for office space in Broward and Palm Beach Counties steadily increases, JLL has been tapped to lease two prime office buildings, Sawgrass Court and 1900 Glades Road, totalling nearly 200,000 square feet of office space in Sunrise and Boca Raton, Florida.

JLL’s Senior Vice President and Leasing Director Alice Lucia and Brady Titcomb, Vice President and Associate Director of Brokerage, will lead the leasing efforts at Sawgrass Court, owned and operated by French Overseas Company, LLC and Banyan Street Capital, and 1900 Glades owned by Pimo Capital. With these two leasing assignments, JLL will continue to grow its brokerage portfolio of commercial real estate and expand its presence in the Broward and Palm Beach markets. 

Located at 1401 NW 136 Avenue in the heart of the Sunrise business District, Sawgrass Court’s owners are in the midst of planning extensive capital improvements designed to transform the asset to a premier Class A option in the market. With more than 80,000 square feet of office space available to lease, the building is ideal for company headquarters, operations and administration with prominent building signage or monument signage.

In conjunction with the leasing assignment at Sawgrass Court, the JLL team is also spearheading the leasing efforts at 1900 Glades Road in Boca Raton’s Town Center amenity district. The office building offers a variety of space options ranging from 800 to 10,000 square feet that can accommodate a growing start-up or Fortune 500 company requiring larger office space and highly visible signage.

The office building Sawgrass Court, totalling 105,487 square feet, also offers excellent visibility and accessibility for clients and employees and is only 15 minutes to Fort Lauderdale International Airport and 30 minutes to Miami International Airport.  Currently, Sawgrass Court has signage opportunities for select tenants and 83,039 square feet of contiguous office space available for leasing in the building.

“With large amounts of quality space in the suburbs becoming scarce and demand increasing, Sawgrass Court is well-positioned to lure corporate users looking to relocate to Broward” said JLL’s Alice Lucia. “The building’s beautiful new finishes, combined with its close proximity to all major thoroughfares including I-595, Sawgrass Expressway and I-75, and Sawgrass Mills Mall, BB&T Center, several hotels and restaurants, offers increased value to prospective tenants and employee retention.”

With demand for quality space also increasing in Boca Raton, 1900 Glades Road’s great location on “Main and Main” near I-95, Glades Road and Military Trail offers tenants a plethora of restaurants, hotels and world-class shopping.  The building is located adjacent to the Boca Raton Airport and within 30 minutes of two international airports.

“Recovering economic conditions and a high desirability to be within close proximity to area amenities have caused office demand to accelerate in this Boca Town Center area over the last several months,” said JLL’s Brady Titcomb. “1900 Glades prime location, along with its newly renovated common areas, wall-to-wall windows, open views, efficient floor plates and advantageous parking options, make it one of the few remaining unique opportunities in Central Boca Raton.” 

Office leasing rates are $16.50 NNN per square foot at Sawgrass Court and $18.00 NNN per square foot at 1900 Glades Road. For leasing opportunities available at both locations, please contact JLL’s Alice Lucia (954) 760-4848 and Brady Titcomb at (954) 653-3222.

About JLL
JLL (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 fee revenue of $4.0 billion and gross revenue of $4.5 billion, JLL has more than 200 corporate offices, operates in 75 countries and has a global workforce of approximately 53,000.  On behalf of its clients, the firm provides management and real estate outsourcing services for a property portfolio of 3.0 billion square feet, or 280.0 million square meters, and completed $99.0 billion in sales, acquisitions and finance transactions in 2013. Its investment management business, LaSalle Investment Management, has $53.0 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.