The property involved in this transaction is Hotwire Technology Center located at 2100 W Cypress Creek Rd, Fort Lauderdale. The facility encompasses 26,163 square feet and is designed to be fully Category-5 hurricane-proof. Hotwire Communications, one of the nation's leading fiber optics telecommunications providers, purchased the building as their corporate headquarters in February 2016. The property features advanced infrastructure including state-of-the-art magnetic chillers and a dual-power grid system, ensuring high energy efficiency and vital operational performance.

Summary of transaction details:

• Property Type: Office Lease
• Transaction Amount: Not Specified
• Address: 2100 W Cypress Creek Rd, Fort Lauderdale
• Market: Floyd
• Landlord: Hotwire Communications
• Tenant: Benefytt Technologies
• Landlord's Rep: Jarred Goodstein & Jonathan Kingsley - Colliers International
• Lease Term: Five Years

In this transaction, Jonathan Kingsley serves as the Executive Managing Director of Office & Industrial Services at Colliers South Florida, while Jarred Goodstein is the Senior Director of Office Services at the same agency. They represented Hotwire Communications, assisting in filling the surplus of available space with Benefytt Technologies, a health insurance technology company based in Tampa. Benefytt Technologies plans to occupy the new office space starting in May 2021. This agreement reflects the growing interest in Class A office spaces from technology firms in the South Florida market.