Thank you for sharing!

Your article was successfully shared with the contacts you provided.

MIAMI-Leasing an entire spec-built office building to a single-tenant user has won Lincoln Property Co. vice presidents Steven J. Medwin and Harry E. Wardell recognition from the Society of Industrial and Office Realtors for completing the largest dollar volume office lease of 2001.

The Medwin-Wardell team, representing Lincoln, the property’s developer, put Fort Lauderdale, FL-based Citrix Systems Inc. into 138,140 sf of class A space in Cambridge Executive Center II at 851 W. Cypress Creek Road, five miles north of Downtown Fort Lauderdale.

The 15-year lease is valued at $45 million or $22 per sf. Timothy D. Cross of Syndicon Properties Inc. negotiated for Citrix. The three brokers are members of SIOR, a 700-member professional group based in Washington, DC.

Citrix, a Nasdaq-traded software company, has moved into portions of the building and expects to occupy most of the six-story structure by year end. The building was completed in December 2001.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.