Exercise studio signs third South Florida lease at The Manor at Flagler Village
Fort Lauderdale, FL – June 15, 2016 – CBRE arranged a long-term 2,598-square-foot lease for CycleBar at 525 N. Federal Highway in Fort Lauderdale, Florida. CycleBar, a nationwide cycling exercise studio chain, signed a lease at its newest location at The Manor at Flagler Village. CBRE’s Danny Diaz represented the landlord in the transaction and Centre-Line’s Brian Gelley represented the tenant.“This is the third CycleBar lease to be executed in South Florida and a great addition to the project as it adds to the lifestyle feel of The Manor,” said Mr. Diaz, CBRE Senior Associate. “The execution of this lease brings the retail to 94% occupancy. This deal speaks to the strength of the east Fort Lauderdale market as we add yet another new-to-market retailer to the mix.”
Located south of Sunrise Boulevard, The Manor at Flagler Village is a mixed-use development featuring 382 apartment units and 23,012 square feet of street-level retail, including anchor tenants Source Salon, The Brass Tap Beer Bar, Venetian Nail Spa, Elements Therapeutic Massage and Mellow Mushroom Pizzeria. Flagler Village’s retail spaces feature 20-foot ceiling heights and are situated along a landscaped plaza that is available for outdoor dining. The retail component is accessible via key access points on NE 5th Street and NE 6th Street and offers great drive-by visibility to retailers.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
