The Federal Aviation Administration (FAA) is set to relocate approximately 300 employees to a new office at Plantation Corporate Center II in Broward County. The office, located at 1600 Southwest 80th Terrace in Plantation, offers a total of 62,693 square feet. The lease agreement was reached between the FAA and IP Capital Partner & Westport Capital, who are the landlords of the property. The asking rent for the office space is $25 per square foot. The move is expected to take place by September 2025.

Summary of transaction details

• Property Type: Office
• Transaction Amount: N/A
• Address: 1600 Southwest 80th Terrace, Plantation
• Market: Plantation
• Landlord: IP Capital Partner & Westport Capital
• Tenant: Federal Aviation Administration (FAA)
• Asking Rent: $25/ft.
• Square Footage: 62,693

The lease transaction was facilitated by Rick Breitenfeldt, the representative of the Federal Aviation Administration (FAA), ensuring a smooth agreement between the tenant and the landlords. This relocation will provide the FAA with a new and improved office space, allowing for a more efficient working environment for its employees.