JLL Inks Area's Largest Lease Renewal of Year

MIAMI—In a deal that marks the largest law firm lease renewal and expansion inked in South Florida so far this year, Greenspoon Marder has singned for four full floors at the trophy tower 200 East Broward Boulevard. The 64,964-square-foot lease expands the law firm's presence in the building from one to four floors.

Jones Lang LaSalle senior vice president Sandra Andersen handled the office lease on behalf of the building's ownership, VV USA City, LP., an entity represented by Invesco Real Estate. Studley corporate managing director Thomas Capocefalo and executive vice president Gregory Katz represented Greenspoon Marder.

“The firm's decision to lease additional space in the 200 East Broward Boulevard building is the latest example of our commitment to our continued growth,” says Greenspoon co-founding partner Gerry Greenspoon. “We wanted to align our space needs with our business goals by bringing our lawyers closer to many of our corporate and banking business clients in downtown Fort Lauderdale.”

Greenspoon has been headquartered in Fort Lauderdale since 1991. The firm serves Fortune 500, middle market public and private companies, start-ups, emerging businesses and entrepreneurs across Florida and the United States. The deal strengthens the law firm's presence in the Downtown Fort Lauderdale area.

With this transaction, the occupancy rate at the 21-story, class A office building rises to 88%. The transaction also signifies positive absorption of office space for the Broward Boulevard corridor. Other marquee tenants include PNC Bank and law firms Shutts & Bowen and Weiss Serota Helfman Pastoriza Cole & Boniske. The office tower offers amenities such as conference facilities, an eight-level parking garage and 24-hour manned security.

“This transaction is testament to the strength of the office market in the CBD, particularly along Broward Boulevard, as law firms like Greenspoon Marder look to solidify their presence in the Central Business District,” says JLL's Andersen, who has brokered transactions in Fort Lauderdale's CBD for the past 25 years. The law firm toured the Broward office market for several months analyzing its space options and ultimately elected to expand its home at 200 East Broward Boulevard.

“Greenspoon Marder considered several Central Business District building options before it elected to expand its home at 200 East Broward Blvd.,” says Capocefalo. “Ownership also provided attractive economic concessions and flexible lease options to the law firm.”