HS Capital Fund secured two leases totaling 16,000 square feet at its newly renovated Fort Lauderdale, Fla., office space at the Cypress Corporate Center. One of them was for 6,166 square feet on the building’s fifth floor, which will be occupied by land-surveying consultancy firm Control Point Associates, while insurance brokerage Morgan Fidelity will move into a 9,906-square-foot office.
A CBRE team that included Gordon Messinger, Joe Freitas and Max Pawk represented the landlord for both transactions. Meanwhile, Berger Commercial Realty’s Michael Feuerman and Daniel Silver negotiated on behalf of both Morgan Fidelity Associates and Control Point Associates.
Control Point Associates will be leaving behind its current Fort Lauderdale office at 1700 NW 64th St., while Morgan’s previous premises were at 2200 W. Commercial Blvd.
The property — which is located at 1901 NW 62nd St. on the outskirts of the city and north of Fort Lauderdale Executive Airport — is expected to receive its new tenants in the first half of 2024.
“HS Capital’s enhancements to Cypress Corporate Center have made it one of the most desirable buildings in the submarket with high visibility, the best parking ratio in submarket and a deep talent pool,” said CBRE Executive Vice President, Gordon Messinger.
After acquiring Cypress Corporate Center for $17.5 million just a couple of years ago, HS Capital — which manages properties across New York, New Jersey and Florida — invested in renovating the six-story building. Improvements included upgrades to the lobby, restrooms, common areas and building exterior. The owner also added a new tenant lounge; conferencing facility; and a micro-market open for breakfast and lunch options.
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