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401 E Las Olas BLVD, Fort L...

JLL Relocates Fort Lauderdale Office To Bank Of America Plaza, Las Olas City Centre
LEASEDOffice

JLL Relocates Fort Lauderdale Office To Bank Of America Plaza, Las Olas City Centre

401 E Las Olas BLVD, Fort Lauderdale, FL 33301, USA

Building Size

7,100 SF

Asset Type

Office

Closing

May 10, 2021

AI

The leased property is located at 401 E Las Olas Blvd, Fort Lauderdale, within the Fort Lauderdale market. It encompasses 7,100 square feet of office space and is situated on the 18th floor of the 23-story office building known as Bank of America Plaza.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: Not specified
  • Address: 401 E Las Olas Blvd, Fort Lauderdale
  • Market: Fort Lauderdale
  • Square Feet: 7,100
  • Tenant: JLL
  • Landlord: Bank of America Plaza
  • Tenant's Representative: Ryan Nunes-JLL
  • Landlord's Representative: Tim Talbot-ComReal

JLL has announced plans to relocate its Fort Lauderdale office to this new location, with a target move-in date set for the fourth quarter of 2021. Tim Rivers, Florida Market Director at JLL, has expressed enthusiasm about the move to Las Olas City Centre, highlighting the importance of office spaces in talent acquisition and enhanced collaboration for the company's operations in Florida.

Players

Ryan Nunes

JLL

Broker

4 deals

Broker
Bank of America
Bank of AmericaLandlord
JLL
JLLTenant

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