Colliers negotiates strategic expansion, more than tripling South Florida footprint
Fort Lauderdale, FL, August 1, 2018 – Founded with the goal to transform e-commerce for hotels, resorts and destinations, Tambourine has secured a new long-term headquarters lease in Cypress Creek, spanning 24,946 square feet and highlighting the firm’s rapid growth and commitment to South Florida. Colliers International South Florida Vice President, Sal Bonsignore, SIOR, CCIM represented Tambourine on the new lease with owner G&I VII Trade Centre South, LLC at 100 West Cypress Creek Road.
The new headquarters location at Trade Center South is the largest new office lease in Cypress Creek in the past 12 months. It will more than triple the space the firm currently occupies at their current Cypress Creek location, positioning Tambourine for continued growth and recruitment. With approximately 100 employees in South Florida today, the full service firm is on track to add more than 60 more employees in the coming year to service their growing roster of clients, including hoteliers, hotel management and asset management firms.
“Tambourine required a modern and strategic real estate solution to support their vibrant corporate culture and projected growth,” said Colliers’ Bonsignore, who has worked with Tambourine for more than 10 years. “Trade Center South was able to efficiently accommodate their footprint on one floor and also offer flexible options to expand in the future.”
The 10-story, 225,000 square foot Class A office building will also offer building signage and exclusive use of a portion of the building’s unique fifth floor patio.
“Our new headquarters location was selected to create a modern, positive working environment for our talented and growing team,” noted Tambourine President Rafael Cardozo. “Technology enables our team to provide customized, scalable deliverables that empower the hospitality industry, but our team still thrives on close-knit collaboration and our new office will reflect that.”
The expansion of this quality company highlights the continued growth and interest in the “Uptown” district of Fort Lauderdale, which has seen the largest year over year decrease in office vacancy rate (30 basis points), added Ken Krasnow, South Florida Market Leader for Colliers.
With additional offices in Carlsbad California, Manhattan, New York, and Bogota, Colombia, the Fort Lauderdale outpost serves as the Tambourine headquarters. The new space at Trade Center South has a planned occupancy of January 2019.
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About Colliers International Group
Colliers International Group Inc. (NASDAQ: CIGI) (TSX: CIGI) is top tier global real estate services and investment management company operating in 69 countries with a workforce of more than 13,000 professionals. Colliers is the fastest-growing publicly listed global real estate services and investment management company, with 2017 corporate revenues of $2.3 billion ($2.7 billion including affiliates). With an enterprising culture and significant employee ownership and control, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide, and through its investment management services platform, has more than $20 billion of assets under management from the world’s most respected institutional real estate investors.
Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice to accelerate the success of its clients. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 13 consecutive years, more than any other real estate services firm. Colliers is ranked the number one property manager in the world by Commercial Property Executive for two years in a row.
Colliers is led by an experienced leadership team with significant equity ownership and a proven record of delivering more than 20% annualized returns for shareholders, over more than 20 years.
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For further information, please contact:
Paola Iuspa-Abbott on behalf of Colliers International South Florida
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