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