Donald Quintin Of Lone Star Funds And Jay Caplin Of Square2 Capital Lease Office And Retail Space To IGEL Technology Skinny Louie And Barry's Bootcamp In Fort Lauderdale
401 East Las Olas Boulevard
Building Size
19,902 SF
Asset Type
Office
Closing
Feb 2, 2026
AI
The property asset involved in this transaction is located at 401 East Las Olas Boulevard, Fort Lauderdale. It is classified as an office and retail space totaling 19,902 square feet. The building is currently undergoing major renovations that will include a new lobby, an expanded fitness center, a 14th-floor tenant lounge, and turnkey spec suites.
Summary of transaction details:
- Property Type: Office & Retail
- Transaction Amount: Not specified
- Address: 401 East Las Olas Boulevard
- Market: Fort Lauderdale
- Landlord: Donald Quintin - Lone Star Funds; Jay Caplin - Square2 Capital; David Moret - Highline Real Estate Capital
- Tenant: IGEL Technology, Skinny Louie & Barry's Bootcamp
- Leased Space: IGEL Technology leased 12,403 SF; Skinny Louie leased 1,567 SF; Barry’s Bootcamp leased 5,932 SF
- Brokers: Blanca Commercial Real Estate; Comras Company
The individuals and companies key to the deal include Donald Quintin, Jay Caplin, and David Moret, representing the landlords, while the tenants include IGEL Technology, Skinny Louie, and Barry's Bootcamp. The brokerage firms involved are Blanca Commercial Real Estate and Comras Company, who facilitated the leasing process for the respective tenants in the property.
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