Cigna Health & Life Insurance Company Renews Lease At Sawgrass Corporate Centre II In Sunrise | 1571 Sawgrass Corporate Parkway | Justin Cope, Greg Martin, Lisa Blumer | Office | Lease

Summary

Lease

FLORIDA

Office

47,879 sqft

The office asset involved in the transaction is located at 1571 Sawgrass Corporate Parkway in Sunrise, Florida. The property spans 47,879 square feet and features an asking rent of $24 per square foot. The building boasts a strategic location facing the Sawgrass Expressway near the Sawgrass Mills outlet mall.

Summary of transaction details:

Property Type: Office
Transaction Amount: Not provided
Landlord: Casey Wold - Vanderbilt Office Properties; Blake Gable - Barron Colliers
Tenant: Cigna Health & Life Insurance Company
Brokers: Greg Martin, Justin Cope & Lisa Blumer - Avison Young

Cigna Health & Life Insurance Company, the tenant in the deal, has renewed its lease for a 47,879-square-foot office space at Sawgrass Corporate Centre II. The lease, spanning 64 months and covering two full floors, contributes to the property's high occupancy rate of 98 percent. This renewal ensures the continued success and stability of the office asset.

Players

All
4

Agents
3
Agencies
1

$45.5M Sold

$56.1M Sold

Senior Vice President

Avison Young

Details

Deal Summary

LEASED

IMAGE: Justin Cope, Lisa Blumer, Casey Wold, Greg Martin & Blake Gable DATE: 04/26/2024 ADDRESS: 1571 Sawgrass Corporate Parkway MARKET: Sunrise ASSET TYPE: Office LANDLORD: Casey Wold - Vanderbilt Office Properties; Blake Gable - Barron Colliers (@BCCompanies) TENANT: Cigna Health & Life Insurance Company BROKERS: Greg Martin, Justin Cope & Lisa Blumer - Avison Young (@Avison_Young_Global) ASKING RENT: $24/ft. ~ SF: 47,879 NOTE: Cigna Health & Life Insurance Company has renewed its lease for a 47,879-square-foot office space at Sawgrass Corporate Centre II in Sunrise, Florida, spanning two full floors. The 64-month renewal helps maintain the property's high occupancy rate at 98 percent, with an asking rent of $24 per square foot. The building, situated at 1571 Sawgrass Corporate Parkway, is strategically located facing the Sawgrass Expressway near the Sawgrass Mills outlet mall.

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Address1571 Sawgrass Corporate Parkway

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