October 5, 2009
Stiles Inks Contract to Lease and Manage Huntington Executive Plaza as Latest Step in Expanding Third-Party Real Estate Services
FORT LAUDERDALE, Fla. – A new contract to lease and manage Huntington Executive Plaza – a high-profile office building that faces I-75 in Miramar -- is commercial real estate firm Stiles’ latest step in expanding its services for owners of office, retail and industrial properties statewide.
The building’s owner has retained Stiles Realty and Stiles Property Management to lease and manage the Class A, 63,000-square-foot building at 2900 SW 149 Avenue, Miramar. Located within Huntington Corporate Park, an established hub for Fortune 500 companies, the recently completed three-story facility “is an ideal corporate headquarters location, with up to 42,000 square feet available on two full floors, at the heart of Broward’s highway network,” according to Stiles Asset Services President David Siegel.
Geared to corporate, professional, financial and related firms, Huntington Executive Plaza can accommodate tenants with space needs ranging from 1,500 to 42,000 square feet. The building is supported by complete electrical redundancy via a standby on-site generator. The building’s state-of-the-art energy management system provides climate control capabilities for each office suite, to improve tenant comfort while reducing energy costs. With 160,000 cars passing the site daily, the building offers signage facing I-75 for a large-space “signature tenant.”
Stiles’ full-service commercial real estate firm developed and built the corporate park’s other three office buildings. With its I-75 frontage, plus immediate access to I-75, I-595, the Sawgrass Expressway and Florida’s Turnpike, the park is home to a tenant roster that includes Starwoods, Paychex, General Motors, Gallagher Bassett, Bressler Emery & Ross, P.C. and ProAssurance Corp.
“In today’s challenging market, we’re seeing more institutions, investors and independent owners who look to partner with a single source that understands all aspects of running a successful building,” said Siegel. “To them, ‘outsourcing’ is efficient only if they can find everything from marketing and lease negotiation to space planning, tenant build-out and first-tier property management in one accountable team.”
Stiles is strategically expanding its statewide “third-party” services, he said, based on the firm’s comprehensive expertise. In addition to experience representing owners of over 5 million square feet of properties, “our team brings value-added service to the table based on our insight as developer/owner of some of Florida’s most prominent commercial projects,” Siegel added. “Knowing how construction, marketing and management decisions interact and impact an owner’s profitability is crucial -- whether we are negotiating lease clauses or responding to tenants’ needs.”
Headquartered in Fort Lauderdale, Stiles has regional offices in Miami, Tampa, Ft. Myers and Orlando, Fla. Stiles is currently responsible for the leasing and management of 6.2 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit www.stiles.com or call 954-627-9400.