CushWake hired to lease Deerfield offices under new ownership

Fairlead Commercial Real Estate has hired brokerage Cushman & Wakefield to handle leasing for its newly acquired office building in Deerfield Beach.

Located at 800 Fairway Drive, the four-story office building was built in 1987 and has 172,508 square feet of leasable space. Besides its landscaped grounds and on-site cafe, the building’s most notable feature is a full-height atrium at its center.

800 Fairway’s center atrium

Fairlead, a private commercial real estate firm based in Georgia, paid $21 million to acquire the offices from American General Life Insurance in November.

Travis Herring, Deanna Lobinsky, Katherine Ridgway and Chase Kulp of Cushman & Wakefield will head leasing efforts on behalf of Fairlead.

According to data from the CoStar Group, 800 Fairway is currently 77.5 percent leased. Its annual rents range from $16.50 to $17.50 per square foot.

The leasing team said in a release that it’s banking on 800 Fairway’s visibility from I-95 and proximity to big population centers as drivers for new tenants. — Sean Stewart-Muniz