Colliers Tapped To Lease 110 Tower In Fort Lauderdale

Nov 13, 2017 No Comments by

IP Capital Partners has appointed Colliers International South Florida as the exclusive listing agent for its 110 Tower, a 4-Star office building in downtown Fort Lauderdale.

The 30-story building, located at 110 SE 6th St., is the tallest office tower downtown. It has a wrap-around terrace, restaurants, a health club, a bank and conference and entertainment facilities.

The building is 81 percent occupied with average asking rent of $29.97 per square foot.

IP Capital, based in Boca Raton, bought the building from The GenCap Group in October 2016 for $112.9 million, or about $286 per square foot, according to CoStar data.

 

“The concept of a ‘premier’ office asset is evolving, and 110 Tower is a great example of a property that is transforming to meet the shifting wants and needs of today’s office tenants,” said Jonathan Kingsley, executive vice president with Colliers International South Florida LLC. “With a robust platform of on-site amenities, upscale office space, and the walkability and accessibility that South Floridians can appreciate, 110 Tower is a solid choice for tenants who want the most of their office space.”

The U.S. Green Building Council awarded the building LEED Gold Certification last year after a renovation that included upgrades to the lobby, exterior building lighting, parking garage and interior finishes to common areas.

Major tenants at the tower include the Florida Attorney General’s Office, McCalla Raymer Leibert Pierce LLC and Empire Executive Offices.

Jonathan Kingsley, Jarred Goodstein, Ryan Goggins and Stephen Rutchik with Colliers will handle the leasing assignment.

 

Source:  CoStar

 

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