
BENTLEYFORBES ANNOUNCES 90,000 SQUARE FEET OF RECENT LEASES AT LAS OLAS CENTRE OFFICE TOWERS IN FT. LAUDERDALE
Renewals and New Leases Keep Coveted Oceanfront Class AA Office Towers at 95 Percent Occupancy; Popular Samba Room Restaurant Among Long-Term Renewals
Ft. Lauderdale, FL (August 18, 2009) -BentleyForbes today reported that it has completed more than 90,000 square feet of recent leases at its Las Olas Centre office towers, maintaining occupancy of the signature ocean front class AA towers at 95 percent. The majority of the leases were renewals with existing customers, although more than 10,600 square feet of the reported activity was leased to companies that are new to the property.
"Las Olas Centre is arguably Ft. Lauderdale's top professional address, and we are proud of its ability to remain the choice of preference amongst the city's elite business concerns," said C. Frederick Wehba II, Chairman of BentleyForbes.
"We strive to operate the best possible office properties serving the needs of the best possible customers. These renewal agreements with our existing customers and the addition of new clients validates the success of that mission."
Convenient access to the many amenities of Las Olas Blvd is a signature hallmark of a Las Olas Centre office experience. The long-term renewal of Samba Room's lease agreement ensures that the ever popular Latin American fusion restaurant will remain a featured attraction on the city's main thoroughfare, home to a lively and eclectic mix of over 100 hotels, shops, restaurants, day spas, and tourist venues.
The recent lease agreements at Las Olas Centre include:
- Adorno Yoss - 26,899 sg ft at 350 Las Olas (Renewal)
- Huizenga Holdings - 20,885 sq ft at 450 Las Olas (Renewal)
- Smith Barney - 15,003 sq ft at 350 Las Olas (Renewal)
- PHH Arval - 9,580 sq ft at 350 Las Olas (Renewal)
- Roetzell Andress - 9,113 sq ft at 350 Las Olas (New)
- Samba Room Restaurant - 4,524 sq ft at 350 Las Olas (Renewal)
- Wachovia - 2,750 sq ft at 350 Las Olas (Renewal)
- SAI Advisors - 1,575 sq ft at 450 Las Olas (New)
Las Olas Centre consists of two trophy, Class AA mixed-use buildings located in the heart of Fort Lauderdale at 350 and 450 Las Olas Blvd. The property encompasses approximately 416,000 square feet of office space and 52,000 square feet of retail space fronting the prestigious stretch of Las Olas Blvd known as the Rodeo Drive of South Florida. Las Olas Centre boasts spectacular water views of the Atlantic Ocean and nearby New River and is also home to a business community that features some of the region's top names in finance, law, professional services and hospitality.
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