Brown & Brown Signs Lease Valued at Nearly $4M

FORT LAUDERDALE-The long-term office lease is for 30,044 sf at Cypress Financial Center here. The building is 73% occupied. The asking per-sf rental range for full-service, class A space in that submarket is $22 to $27 per sf.

By Melissa Bogdany | December 04, 2002 at 01:01 AM

The total space represents a 25,844-sf renewal and a 4,200-sf expansion. Brown & Brown, based in Daytona Beach, FL, has experienced steady growth, starting out in the building with approximately 3,000 sf.

The lease is at 5900 N. Andrews Ave. at Cypress Financial Center, which is 73% occupied. Rod Loschiavo of Julien J. Studley Inc. represented the tenant in this transaction. Sandra E. Andersen of Jones Lang LaSalle Americas Inc. represented the property owner, FBEC-Cypress Financial Center LP.

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