Private real estate investment and asset management firm IP Capital Partners, LLC has named Colliers International South Florida as exclusive leasing agent for 110 Tower, an iconic 394,830 square foot trophy asset in Downtown Fort Lauderdale. The office leasing team of Jonathan Kingsley, Jarred Goodstein, and Ryan Goggins was selected by the Boca Raton-based owner based on demonstrated success in South Florida leasing, and in particular, Class A high-rise experience.
Located at 110 SE 6th Street, 110 Tower is a 30-story, Class A office tower in the heart of downtown Fort Lauderdale. As the tallest and most recognizable office building along the skyline, 110 Tower features a wraparound terrace with sweeping views of the city. On-site amenities include restaurants, a health club, a full-service bank, as well as conference and entertainment facilities.
“The concept of a ‘premier’ office asset is evolving and 110 Tower is a great example of a property that is transforming to meet the shifting wants and needs of today’s office tenants,” said Colliers Executive Vice President Jonathan Kingsley. “With a robust platform of on-site amenities, upscale office space, and the walkability and accessibility that South Floridians can appreciate, 110 Tower is a solid choice for tenants who want the most of their office space.”
In 2016, the building was awarded LEED Gold certification by the U.S. Green Building Council, due in large part to a comprehensive renovation program that included upgrades to the ground floor lobby, exterior building lighting, parking garage, interior finishes to common areas and all building primary mechanical systems. In addition to the extensive renovation program, the area around the building has also seen major improvements in recent years. Developments in transportation and connectivity, such as The Wave light rail streetcar system – with a planned stop right in front of 110 Tower on its 2.8 mile, 13-station loop – bring the many amenities of Las Olas Boulevard just minutes away, whether by transit or by foot.
Propelled by strong population and job growth in South Florida, the Fort Lauderdale CBD is emerging as a live-work-play community and highlighting the correlation between office, retail and residential space development and demand. Case in point: the Fort Lauderdale DDA cited more than 1,700 new residential units and 110,000 square feet of retail space were recently completed or under construction in the Fort Lauderdale CBD as of January 2017, with more than double that amount of units approved or under review.