Core Construction Services Subleases Office Space in Fort Lauderdale

Core Construction Services of Florida has officially taken over a sublease for a 20,000-square-foot office located in Downtown Fort Lauderdale, as reported by Commercial Observer. The space was previously occupied by Alms Health.

Details of the Sublease Agreement

The sublease agreement encompasses a remaining term of 46 months at the property situated at 1 East Broward Boulevard. Platinum Properties represented Alms Health in this transaction, with Steven Evans and Brian Peer acting as their representatives.

Financial Overview

Valued at approximately $1.8 million, the sublease has a asking rate of $24 per square foot annually. Core Construction plans to commence operations in their new office on April 1, and they intend to remain in the space even after the expiration of the current lease.

Representation in the Deal

Alfie Hamilton from Colliers (CIGI) represented Core Construction in the negotiations. Jeff Holding and Trent Slattery from Cushman & Wakefield (CWK) represented Alms Health, which had been a tenant in the building for roughly ten years.

Building Specifications and History

Originally completed in 1985, the 354,759-square-foot office building has a notable history. Pacific Coast Capital Partners (PCCP) acquired the 19-story tower for $108.5 million in 2018. Since taking ownership, PCCP has invested at least $2.7 million in renovations to enhance the property’s appeal and functionality.

Contact and Further Information

For additional details, you can reach Julia Echikson at je*******@co****************.com.