As a strong proponent of LEED certification in Commercial Buildings, I am happy to share that CBS Interactive has signed a long-term office lease for 34,622 sqft of office space in the 1401 Crown Center building in Fort Lauderdale as reported to-day in the Daily Business Review. http://www.dailybusinessreview.com/news.html?news_id=58127
The broker quotes 3 major components to CBS's decision to relocate to Crown Center: minimal employee disruption during the move, more efficiency with the space, and a LEED certified building.
In the Cypress Creek market area vacancy is quoted in CoStar at 15.1% in Class-B buildings with an overall net absorption of -120,869.00 just in the Cypress Creek sub-market.
Lynn-Ann Ierna, the director of Property Management for Midgard Properties, can attest to the cost savings the Crown Center property has experienced as a direct result of pursuing LEED-EBOM (Existing Building Operations and Maintenance) on other Crown Center buildings. Now Midgard has bragging rights for having a fully leased LEED-NC (New Construction, Major Renovation) project on their campus in a very challenging market.
Louise Bendix, LEED-APOffice Specialist
ComReal Miami, Inc. Commercial Real Estate Services
T 786-433-2376 F 305-591-9704
lbendix@comreal.com www.comrealmiami.com
Wednesday, October 21, 2009
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