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SUNRISE, FL-World Avenue, an interactive marketing services firm, has signed a lease for 36,300 sf at 1655 NW 136th Ave. in Sawgrass Technology Park. It will relocate from its headquarters in Boca Raton.

Fort Lauderdale-based Stiles Corp. and Minneapolis-based Cargill Value Investment acquired the complex in late 2005, and it is owned by Stiles Capital Partners. At the time of the acquisition, it was 73% leased. A Stiles spokeswoman tells GlobeSt.com the World Avenue lease fills the 1655 NW 136th Ave. building and takes overall occupancy in the 646,369-sf park to 86%.

Madelayne Garcia and Liz Glaria of Stiles represented the owner in the World Avenue transaction. Edward Mitchell, first VP in the Fort Lauderdale office of CB Richard Ellis, represent the tenant. The value of the lease and rent rate are undisclosed. A call to Mitchell was not returned by deadline.

The complex contains 12 low-rise Mediterranean-style buildings on 63 landscaped acres. They were built in 1985 and contain 446,604 sf of office space, 71,621 sf of flex space and 128,144 sf of warehouse space. According to a second-quarter 2007 office market report from CBRE, asking office rent rates in this submarket range from $17 per sf to $18.76 per sf. The published asking rent rate for flex properties in this complex is $11.75 per sf.

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