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350 East Las Olas Boulevard

Deloitte Leases 18657 Square Feet Office Space At Las Olas Centre In Fort Lauderdale
LEASEDOffice

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

Laurel Oswald

Tower Commercial Real Estate (TCRE)

Broker

6 deals

Broker
Bradford Allen
Bradford AllenLandlord

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