Deloitte Leases 18657 Square Feet Office Space At Las Olas Centre In Fort Lauderdale
350 East Las Olas Boulevard
Building Size
—
Asset Type
Office
Closing
Jan 14, 2026
AI
The property asset involved in this transaction is an office space located at 350-450 East Las Olas Boulevard, situated in the Fort Lauderdale market. The complex spans 470,810 square feet and was purchased for $208 million in 2025. The Landlord, Bradford Allen, is investing $25 million in renovations. Deloitte has signed a long-term lease for 18,657 square feet at Las Olas Centre.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $208 million
- Lease Term: long-term
- Address: 350-450 East Las Olas Boulevard
- Landlord: Jeffrey Bernstein & Laurence Elbaum - Bradford Allen
- Tenant: Joseph Ucuzoglu - Deloitte
- Landlord's Rep: Jon Blunk & Laurel Oswald - Tower Commercial Real Estate (TCRE)
- Tenant's Rep: Geoffrey Kreiss, Zach Wendelin & Blake Waltrip - JLL
This deal features significant representation, with JLL acting on behalf of Deloitte, while Tower Commercial Real Estate represents the Landlord, Bradford Allen. The involvement of multiple brokers highlights the collaborative effort in securing this transaction, specifically marking Deloitte's first office in Fort Lauderdale.
Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93