FORT LAUDERDALE, FL—South Florida's alternativeworkspace industry just got a new player: Empire ExecutiveOffices. The executive office suites provider has inked a deal for15,298 square feet at the class A 110 Tower in Downtown FortLauderdale.

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Zach Wendelin, a senior advisor atCresa, represented Empire Executive Offices in the11-year lease that spans the entire 17th floor of the building.Empire Executive Offices will open the doors to itsalternative workspace concept in August 2014.Laurel Oswald of Cushman &Wakefield represented the landlord, GenesisCapital Partners XI.

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“The office industry has evolved and executive office suites areamong the alternative workspace strategies thatentrepreneurs and Fortune 500 companies alike are adopting all overthe world,” Wendelin tells GlobeSt.com. “Empire Executive Officeswanted to set itself apart in the local industry with class Aoffice space strategically located across from thenew Broward County Courthouse currently under construction.”

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According to Office Suites Strategies, theexecutive office suites sector is a $3 billion-plus industry thatboasts more than 90 million square feet in the United States alone.Currently, there are at least 4,000 executive officesuites in the United States. The firm predicts theindustry will grow 5% to 7% over the next five years. Althoughcities like New York and San Francisco have boomingalternative workspace industries, though, therearen't many options in Downtown Fort Lauderdale.

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“I own a court reporting business so I've had my eye on theoptions for executive office suites in Downtown Fort Lauderdale—andthere's not much competition in the area,” Thomas Fallarino,founder of Empire Executive Offices, tells GlobeSt.com. “My projectaims at attorneys and others who support the legal industrydowntown. Litigators can lease full-time office space or rent a dayoffice during trials. Cresa showed me five or six suitablebuildings, but 110 Tower was the ideal location.”

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Located on Southeast 6th Street directly across from the BrowardCounty courthouse, 110 Tower bills itself as the location of choicefor the Broward County legal industry. Empire Executive Officeswill feature 50 private offices Fallarino says are larger than whatthe local competition offers—and every office has city views.

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It's not a new office building, but the renovations are drivingtenants to ink new leases in droves. 110 Tower recently inked40,000 worth of new office andretaildeals. Subway is now open on the groundfloor. And Trial Copy, a litigation litigation consulting firmspecializing in electronic data discovery, computer forensicscustom trial graphics, and heavy litigation copy service, is nowoccupying space in the lobby level.

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“We have seen a strong increase in leasing activity due to thecompletion of the building's renovations, the progress of the newcourthouse, the WAVE, which will stop directly in front of 110Tower, and the improvements to the 6th Street areas,” Oswald, tellsGlobeSt.com. “Downtown is experiencing tremendous growth in termsof new residential and other infrastructure projects. This haspositioned it as a multinational hub of commercial and pedestrianbusiness and 110 Tower is at its core.”

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110 Tower was the first option for tenants seeking a LEEDGold-certified building within a multi-tenant high-rise officetower in Downtown Fort Lauderdale. Ownership won the U.S. GreenBuilding Council of South Florida's GalaVerde Award as Florida'sBest in LEED for Existing Building, as well as BOMA's regional TOBYAward for Best Renovated Building.

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Ownership recently completed a comprehensive $15 millioninterior and exterior renovation. That renovation includedground-floor retail, lobby and interior common area upgrades,primary mechanical systems enhancements, and installing a uniqueexterior lighting system.

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