Steelbridge Capital has appointed JLL to exclusively lease and market their newly acquired asset, Cypress Financial Center, a 198,528-square-foot office building located in Fort Lauderdale, Florida. Steelbridge Capital acquired the office building in September with the objective of re-establishing Cypress Financial Center as the premier office building in the Cypress Creek corridor.
Major tenants at the office tower include global insurance provider MetLife, BDO, TD Bank and the commercial real estate brokerage firm Marcus & Millichap. JLL’s leasing strategy will focus on reintroducing the asset to the market by emphasizing the new owners and their commitment to restoring the building’s position as a marquee property in Cypress Creek, and an alternative to Downtown Fort Lauderdale.
The ownership has outlined a rapid capital improvement program that will focus on significantly upgrading the lobby and common areas, modernizing the elevators and other mechanical enhancements, as well as a complete renovation of the exterior and landscaping features. The goal is to return its status as one of the pre-eminent office buildings in Broward County.
Cypress Financial Center can accommodate a variety of tenant sizes and configurations, including full floor units for larger tenants. The rental rates at Cypress Financial Center range from $18 to $19 per square foot, triple net.
