Law Firm Shutts & Bowen Moving to Newly Completed Fort Lauderdale Office
By Julia Echikson April 12, 2022 4:19 pm
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Law firm Shutts & Bowen is moving down the road.
The firm inked a 10,950-square-foot lease at the newly completed The Main Las Olas office building in Downtown Fort Lauderdale. The term of the lease, on the 22nd floor of the 25-story building, is over 10 years.
In early 2023, the firm will relocate more than 30 employees from its current office at 200 E Broward Boulevard, less than half a mile from its new base.
Landlords Shorenstein and Stiles Corporation completed the 25-story office tower last July. The 1.4 million-square-foot building is located at 201 E. Las Olas Boulevard, adjacent to SE 3rd Avenue.
The property is now 93 percent leased with asking rents at $50 per square foot, triple net, said Blanca Commercial Real Estate’s Danet Linares, who represented the landlords with Christina Jolley.
Shutts & Bowen — ranked as one of the top 200 grossing law firms nationwide, by American Lawyer magazine — has offices in both West Palm Beach and Miami. CBRE’s Zach Wendelin, Kevin Probel and Kevin McCarthy represented the tenant
The Main Las Olas’ near occupancy is perhaps a sign that Fort Lauderdale is catching up to Miami and West Palm Beach, cities whose office leasing markets have thrived during to pandemic, largely thanks to new-to-market companies.
“This best-in-class building will not only accommodate our dynamic, growing presence in the Fort Lauderdale market, but will also allow us to implement a state-of-the-art office design that we can refine and replicate in our other offices as our lease terms roll over the next few years,” Arthur J. Menor, a partner at Shutts & Bowen, said in a statement.
Julia Echikson can be reached at jechikson@commercialobserver.com.
