CBRE appointed as exclusive leasing agent for office park in Pembroke Pines
Fort Lauderdale, FL – July 29, 2016 – Pembroke Pointe, a new LEED® Silver-certified office environment at 880 SW 145th Avenue in Pembroke Pines, Florida, has announced the commencement of a parking expansion project. Surface parking around the building will increase from a ratio of 4.2 spaces per 1,000 square feet to 6:1,000 for office tenants on the upper floors, and 5:1,000 square feet for tenants on the first floor, as a result of the new parking construction. Property owner Duke Realty, South Florida’s premier developer, will manage the parking project, which is expected to be completed in September.“As the flagship property of South Florida’s premier new office destination, we want to ensure that we provide all the amenities tenants are looking for,” said Ed Mitchell, Senior Vice President of Duke Realty. “The parking expansion comes in direct response to the significant market demand for Class A quality office space with high parking ratios in southwest Broward County. This strategic expansion will put Pembroke Pointe in a league of its own as no other office building in the southwest Broward office submarket can offer tenants as high of a parking ratio.”
Pembroke Pointe recently welcomed two new tenants encompassing 56,000 square feet combined. In a relocation from Miramar, Florida, Elizabeth Arden is bringing one of the beauty empire’s four global headquarters to 18,500 square feet at Pembroke Pointe. GMMI is leasing an entire floor spanning 37,500 square feet in the region’s finest available Class A office building.
Widely considered the founder of the American beauty industry, Elizabeth Arden selected the second floor of Pembroke Pointe for one of the firm’s four global headquarters, joining its legendary home on New York City’s Fifth Avenue and two other global headquarters in Geneva, Switzerland, and Stamford, Connecticut.
A pioneer in the delivery of managed healthcare and cost containment services, GMMI will occupy the entire top floor of Pembroke Pointe in an expansion and consolidation of offices formerly located at Lake Shore Plaza II in the Sawgrass International Corporate Park at Sunrise, Florida.
A pioneer in the delivery of managed healthcare and cost containment services, GMMI will occupy the entire top floor of Pembroke Pointe in an expansion and consolidation of offices formerly located at Lake Shore Plaza II in the Sawgrass International Corporate Park at Sunrise, Florida.
Developed by Duke Realty, Pembroke Pointe offers modern, flexible, and customizable space with unsurpassed exposure and accessibility to I-75 and all of South Florida’s major arteries. Centrally located to serve South Florida’s tri-county region, Pembroke Pointe also features a high walkability factor that puts 19 restaurants within easy reach. CBRE’s Christopher Gallagher and Diana Parker have been appointed as exclusive leasing representation for the office park.
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 a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.
