Bank of America Plaza at Las Olas City Centre Tops 115,000 Square Feet of Leases in 2012
Fort Lauderdale, FL. – September 12, 2012 – In downtown Fort Lauderdale’s fiercely competitive office market, Bank of America Plaza at Las Olas City Centre (LOCC) is gaining rapid leasing momentum and drawing major national office and retail tenants to fill more than 115,000 square feet.
“LOCC has found an effective market niche with tenants that thrive on the building’s amenities and location on Las Olas Boulevard” said Stiles Director of Leasing Norm Adams. “We’re drawing major banks and financial service firms, law firms, trendy cafes, high-end restaurants and retail tenants who all enjoy having both professional and residential targets at their doorstep.”
At 99 percent leased, the 408,079-square foot office tower at 401 East Las Olas Boulevard includes recent leases from: Bank of America for 56,742 square feet; Boies, Schiller & Flexner for 22,632 square feet; BBX Capital Corporation for 16,355 square feet; Patriot National Insurance expansion of 12,142 square feet; Farlie & Turner for 3,788 square feet; and Subway and Offerdahl’s.
LOCC is a Class A 23-story office and retail building developed by Stiles and owned by institutional investors advised by JP Morgan Asset Management. Stiles has provided the leasing and property management for LOCC since its development and was reassigned to the building by the new ownership.
The building features a five-story 1,042 space parking garage and a pedestrian-friendly high volume plaza with direct frontage on Las Olas Boulevard. LOCC is Energy Star rated and has won Building of the Year from the Building and Managers Association as well as other numerous awards for its management, craftsmanship, rich finishes, quality architecture, spacious floor plates and expansive ocean views.
According to Adams, LOCC offers state-of-the-art amenities and an impressive design within a high-energy environment on Las Olas. “We’ve seen increased activity in the Fort Lauderdale submarket in the last six months,” he said. “LOCC is and will continue to be one of South Florida’s defining office buildings. We are aggressively attracting new tenants by focusing our leasing efforts on companies that need both prestige and highly flexible space.”
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles also has regional offices in Miami, Fort Myers, Tampa and Orlando, Florida. Stiles is responsible for more than 37 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://www.stiles.com or call 954-627-9300.