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
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