Hotwire Communications has signed two lease transaction at its headquarters in Fort Lauderdale to bring the building to full occupancy. The two new tenants, Liberty Power Corp. and State Farm Insurance, will occupy 57,000 sqf. Located at 2100 West Cypress Creek Road, the 185,000 square foot building underwent extensive renovations in 2005. Hotwire Communications purchased the asset in February 2016 for $26.5 million from Integra Investments. Liberty Power was represented by Bob Orban of Savills-Studley and State Farm was represented by Terry Beal of Black Acre Advisors. Both leases commence in mid-2017. The Colliers International South Florida team of Jonathan Kingsley, Jarred Goodstein and Ryan Goggins represented owner/occupier Hotwire Communications.
“Across the county, we were seeing leasing rates surge in parallel with tenant demand but we also knew there was a larger amount of available, competing product in this submarket,” noted Jonathan Kingsley, Executive Vice President with Colliers International. “Fully leasing this building to one hundred percent occupancy is really a testament to the allure of Hotwire Technology Center, with a strong anchor tenant and high technology amenities that are unique to this building.”
