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FORT LAUDERDALE, FL-In a market where some buildings are posting vacancy rates higher than 60%, Guarantee Insurance inked a five-year lease expansion spanning 21,000 square feet of office space at the Las Olas City Centre downtown. The total value of the lease exceeds $4.5 million.

Norm Adams, director of Real Estate, and Liz Glaria, a leasing associate at Stiles Realty, represented the ownership in lease negotiations. Jim Cahlin, a senior director at Cushman & Wakefield, represented Guarantee Insurance. A partnership between Stiles and Shorenstein Company owns the building. Stiles administers the leasing and property management for the building.

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