Lease roundup: Main Las Olas scores 21K sf of leases, shipping container firm opens Miami HQ
Giant Containers’ new Allapattah location is its first US headquarters
Raymond James, Azorra and more I The Main Las Olas, Fort Lauderdale
Nine tenants signed leases for a total of 20,667 square feet of office space at downtown Fort Lauderdale’s The Main Las Olas, bringing the building’s occupancy to more than 50 percent.
Azorra aircraft lessor took out the biggest space at 10,606 square feet. New York-based hedge fund Starboard Value has the second largest at 7,551 square feet, and Raymond James the third biggest at 6,182 square feet.
Other newcomers to the 25-story tower at 201 East Las Olas Boulevard are the Fort Lauderdale Downtown Development Authority (1,981 square feet); Matthews Real Estate Investment Services (3,500 square feet); Starmark International (3,264 square feet); First Horizon Bank (2,156 square feet); Weld North (2,215 square feet); and Lyconet (2,114 square feet).
Blanca Commercial Real Estate, led by Tere Blanca, handled the deals on behalf of the landlord, a joint venture of Stiles and Shorenstein Properties.
The 387,402-square-foot office tower was completed in late 2020. It is part of the 1.4 million-square-foot Main Las Olas complex that spans a full city block and includes the Novo Las Olas apartment tower and retail. Stiles and Shorenstein developed the project.
Christina Martinez and Jeff Holding of Cushman & Wakefield represented Raymond James. Zach Wendelin of CBRE represented the Fort Lauderdale DDA. Kimberly Barbar of Stiles represented Starmark International and Azorra. A.J. Belt of Cushman & Wakefield represented Matthews Real Estate. Barrett Kitterman of Fischer Technology represented First Horizon Bank. Christina Jolley and Alex Marquez of Blanca Commercial represented Starboard Value. Mitchell Millowitz of Newmark represented Weld North, and Charlie Exelbirt of Mattis Advisors represented Lyconet.
Giant Containers I Allapattah, Miami
Shipping containers supplier Giant Containers opened its first U.S. headquarters in Miami’s Allapattah neighborhood, where it leased a 10,000-square-foot property at 2400 Northwest Seventh Avenue.
Founded in Toronto, and retaining its base there, Giant Containers provides new, used and modified containers. It has handled projects for Louis Vuitton’s Art Basel pop-up. It also has handled services for affordable housing projects in Los Angeles. Daniel Kroft is the CEO.
Its Allapattah lease is multi-year, as the company plans to stay here indefinitely and retrofit the garage into Studio Giant, where clients can design with help from Giant Containers, according to a news release.
Popular LGBTQ retailer Pride Factory I Shoppes of Wilton Manors
Pride Factory, self-described as the biggest retailer for the LGBTQ community in the Southeast U.S., is moving from its longtime space in Fort Lauderdale to the Shoppes of Wilton Manors.
Pride Factory plans to open later this year at its new 5,000-square-foot space at the retrofitted former big-box property at 2262 Wilton Drive. It plans to eventually add another 2,000 square feet, according to a news release.
Pride Factory is one of five tenants that took space at the Shoppes, which spans 5.4 acres in Wilton Manors’ Arts and Entertainment District.
BRXV Fitness inked a 13,989-square-foot lease; chiropractor Immediate Care Clinic took 3,421 square feet; Mix Menswear renewed its 2,516-square-foot lease; and Doggy Style Pet Boutique leased 1,370 square feet.
Jaime Sturgis and Kaley Tuning of Native Realty represented the landlord, Grass River Property.
Harlan Capital Partners I Palm Beach
South Florida nabbed another financial firm from New York City.
Alternative investment advisory firm Harlan Capital Partners is moving its headquarters from New York to Palm Beach. It leased suite 300 at the three-story 440 Royal Palm Way building.
Spencer Schlager, a partner in CS Ventures, and Charles Rosenberg, of New York City-based Rosemark Management, bought the building along Bankers Row for $37.8 million in September.
Joshua Harlan and Leonard Harlan formed Harlan in 2011. The firm focuses on opportunistic credit and asset-based investments, and it manages more than $325 million of original capital commitments across four funds, according to a news release.