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Ultimate Kronos Group Expands South Florida Offices With Lease Renewal At Weston Pointe Office Park

Property Image
LEASED
$18
Chase Kulp
John Boyle
+ 2

Florida

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Office154,671 SF
Leased 07/26/2023
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Property Image
LEASED

Ultimate Kronos Group Expands South Florida Offices With Lease Renewal At Weston Pointe Office Park

2100 N Commerce Pkwy Weston, FL 33326, USA

See Similar Deals
Office154,671 SF
Leased 07/26/2023
Chase Kulp
John Boyle
+ 2
Contact now

Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$18
Total Square Footage:154,671 SF
Transaction Type:Lease

New York Life Real Estate Investors has recently leased office space in Weston, Broward County. The property, located at 2100 & 2400 N. Commerce Parkway, falls under the asset type of Office. The lease deal involves the tenant, Ultimate Kronos Group, Inc. (UKG), a national software company specializing in HR and payroll services. The lease agreement is brokered by Cushman & Wakefield representatives, including John Boyle, Tony Jones, Mary Burnieika, Deanna Lobinsky, and Chase Kulp.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 2100 & 2400 N. Commerce Parkway, Weston
  • Tenant: Ultimate Kronos Group, Inc. (UKG)
  • Landlord: New York Life Real Estate Investors - Joe Thomas
  • Brokers: John Boyle, Tony Jones, Mary Burnieika, Deanna Lobinsky, Chase Kulp - Cushman & Wakefield

Ultimate Kronos Group (UKG) is expanding its South Florida corporate offices within the Weston Pointe office park. This expansion adds 14,072 square feet to the company's existing office space, bringing the total area to nearly 155,000 square feet. The lease agreement with New York Life Real Estate Investors represents the largest office lease renewal in Broward County since 2019. This development signifies UKG's commitment to its South Florida operations and the company's ongoing growth in the region.

Players

Tony Jones
12 deals
BROKER

Chase Kulp
Cushman & Wakefield
3 deals$15.7M volume(954) 673-5678
BROKER

John Boyle
Cushman & Wakefield
1 deal
BROKER


Deanna Lobinsky
Cushman & Wakefield
5 deals$15.7M volume(954) 377-0489
BROKER

LANDLORD

Details

LEASED
IMAGE: John Boyle, Chase Kulp, Joe Thomas & Tony Jones DATE: 07/26/2023 ADDRESS: 2100 & 2400 N. Commerce Parkway MARKET: Weston ASSET TYPE: Office LANDLORD: New York Life Real Estate Investors - Joe Thomas TENANT: Ultimate Kronos Group, Inc. (UKG) BROKERS: John Boyle, Tony Jones, Mary Burnieika, Deanna Lobinsky & Chase Kulp - Cushman & Wakefield (@CushWake) ASKING RENT: $18.50/ft. ~ SF: 154,671 NOTE: Ultimate Kronos Group (UKG), a national software company for HR and payroll services, is expanding its South Florida corporate offices by 14,072 square feet at the Weston Pointe office park, bringing the total space to nearly 155,000 square feet. The lease deal with New York Life Real Estate Investors marks the largest office lease renewal in Broward County since 2019.

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Deal Type
Effective Rent (Annual)

$3,191,633.42

Total Lease Value

$31,916,334.19

Net Landlord Cash Flow$3,191,633.42