Fremont representatives declined to disclose details of the lease. But area brokers, familiar with the Cypress Center submarket tell GlobeSt.com the lease was probably for a minimum five years at an effective rent of $20 per sf. That would make the total aggregate value of the lease about $5.5 million, according to area brokers.
Serge Vishmid of Grubb & Ellis Co.'s West Los Angeles office and Chris Butler and Chad Rupp of CLW Real Estate Services in Tampa negotiated for Fremont. Steve Garrity of Highwoods Properties represented the building owner, Highwood/Florida Holdings LP.
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