Office Market Energized with Major Law Firm Lease
Fort Lauderdale, Fla. – Ivy Realty, a Greenwich-based real estate operating company, today announced that Becker & Poliakoff, a multi-practice law firm with more than 150 attorneys, lobbyists and other professionals, has signed a lease establishing its headquarters on the top three floors of 1 East Broward, a luxury, Class-A office building in downtown Fort Lauderdale.
The new lease, totaling more than 46,000 square feet, culminates a significant refurbishment and turnaround for the office building, which was purchased by Ivy Realty in 2011. Multi-million dollar capital improvements have turned the 19-story glass office tower into one of the premier downtown office buildings in Fort Lauderdale. Becker & Poliakoff is moving into the building in January 2014. It will be marked with a ribbon cutting ceremony on May 1, 2013 at 5 p.m. that will also celebrate the completion of 1 East Broward’s refurbishment.
“Becker & Poliakoff adds to the prestige of 1 East Broward,” said Rusty Warren, Co-CEO of Ivy Realty. “We have poured capital and quality into the office tower, resulting in this significant lease that we expect to be the first of many. We’re pleased that a law firm of this caliber chooses to call 1 East Broward Boulevard home.”
Becker & Poliakoff, which recently celebrated its 40th year in business, has 18 offices, including 12 in Florida along with offices in New York, New Jersey, Northern Virginia, Washington D.C., and Prague. It is a diverse commercial law firm focused on eight primary areas of practice: real estate, construction law and litigation, community associations, customs and international trade, business litigation, corporate and securities, government law and lobbying, and intellectual property and emerging technologies.. The firm is moving from Stirling Road, in Hollywood, which served as its headquarters since 1988.
Managing Shareholder Gary Rosen said, “We are excited to move to 1 East Broward. Ivy Realty has done a wonderful job reviving the building, and it will provide the amenities, layout and design that will serve the firm well as we look to the future.”
Ivy Realty purchased 1 East Broward, formerly known locally as the Wells Fargo tower, when it was a financially distressed asset. Ivy has since completed significant upgrades. The 340,000 square-foot building, situated in Fort Lauderdale’s central business district at the corner of Broward Boulevard and Andrews Avenue, features a soaring lobby atrium with sandstone columns, new granite floors and other high-end finishes. It also showcases a new “art wall” with a 23-foot wide blown glass mural from local South Florida artist Mathew Miller of Nickel Glass, among other upgrades. Likewise, a second floor lobby has been upgraded and an art wall added to that level as well. Adding to Ivy’s emphasis on “local,” a full-service restaurant is under renovation and will feature farm-to-table locally grown produce in many of its dishes.
Ivy Realty has also added a state-of-the-art fitness center to the property for complimentary tenant use. Named “F1tness,” it features industry-leading strength training and cardio equipment along with spa-quality showers and dressing rooms. Personal training is available. F1tness looks out on to the public gardens of the Broward County Library, while upper floors of the building, like those being occupied by Becker & Poliakoff, boast sweeping ocean views. Furthermore, there is a café/sundry shop on-site, a bank, and attached covered parking with car detailing service available.
Added Anthony DiTommaso, Co-CEO of Ivy Realty, “We’re bringing a sophisticated mid-town Manhattan feel to downtown Fort Lauderdale office space. We expect 1 East Broward to become synonymous with quality.”
1 East Broward is just two blocks from Las Olas Boulevard and the Fort Lauderdale Museum of Art, and three blocks from the New River. The building also offers free shuttle service to the county court house and other area amenities. The property marks one of four major investments in South Florida by Ivy Realty in the last few years, part of the firm’s expansion beyond the Northeast in recognition of an expected turnaround in South Florida commercial properties. Ivy Realty has over 5 million square feet of commercial property investments.
CBRE is handling the leasing of 1 East Broward under the direction of Travis Herring at tel: 954-745-5862 and Deanna Lobinsky at tel: 954-745-3564.
Representatives of the press are welcome to attend the Becker & Poliakoff ribbon-cutting ceremony. Please contact Connie Garipoli, email@example.com, at Ivy Realty for further details.
About Ivy Realty
Ivy Realty, www.ivy-realty.com, is a fully integrated real estate operating company offering asset management, property management, construction and leasing services in the Northeastern corridor of the U.S., including New York and New Jersey, and in Southeast Florida. The firm is headquartered in Greenwich, Connecticut.