FORT LAUDERDALE, Fla. (February 26, 2020) – Berger Commercial Realty/CORFAC International Senior Vice President Steve Hyatt recently represented Balfour Beatty in securing a four-year lease for 20,000 sq. ft. of office space in the former Art Institute of Fort Lauderdale building, located at 1799 S.E. 17th Street in Fort Lauderdale. Balfour Beatty, the design-build lead for the expansion of the Greater Fort Lauderdale/Broward County Convention Center and construction of a new headquarters hotel, will maintain administrative offices across the street from the site.
“Balfour Beatty required its own local headquarters to oversee the Convention Center expansion process, which is slated for completion in 2023,” Hyatt said. “In terms of location and available inventory, the former Art Institute building was ideal.”
The Convention Center expansion project includes the addition of 600,000 sq. ft. of meeting space and the construction of a new, 800-room, 29-story Omni Hotel, which will also feature 73,000 sq. ft. of meeting and ballroom space and an 11,000-sq.-ft. spa and fitness center. When the project is complete, the Convention Center will consist of 1.2 million sq. ft. event, exhibition and meeting space.
The landlord, Art Institute Investment, LLC, was represented in the transaction by Brian Smith of Florida Equities.
For more information about Berger Commercial Realty’s leasing services, call 954-358-0900.
About Berger Commercial Realty/CORFAC International
Berger Commercial Realty/CORFAC International is a regional, full service commercial real estate firm based in South Florida. Independent and privately owned since its founding in 1998, the firm is a member of CORFAC International, a global network of independently-owned commercial real estate brokerage firms. The firm’s property management and brokerage services include tenant/landlord and buyer/seller representation; project and construction management; receiverships; agency/project leasing; capital advisory/investment sales; retail services and more. For more information, visit www.bergercommercial.com.
About CORFAC International
CORFAC International (Corporate Facility Advisors) is comprised of privately held entrepreneurial firms with expertise in office, industrial and retail real estate leasing and investment sales, multifamily property acquisitions and dispositions, property management and corporate services. In association with global affiliates, CORFAC International has 60 North American offices and 20 offices in global markets. Founded in 1989, CORFAC firms completed more than 11,000 lease and sales transactions totaling approximately 500 million square feet of space valued in excess of $8.5 billion in 2015. For more information on the CORFAC network, call 224.257.4400 or visit www.corfac.com.
About Balfour Beatty
Balfour Beatty is an industry-leading provider of general contracting, at-risk construction management and design-build services for public and private sector clients across the United States. Performing heavy civil and vertical construction, the company is part of Balfour Beatty plc (LSE: BBY), a leading international infrastructure group that provides innovative and efficient infrastructure that underpins our daily lives, supports communities and enables economic growth. Balfour Beatty is ranked among the top domestic building contractors in the United States by Engineering News-Record. To learn more, visit www.balfourbeattyus.com.
Balfour Beatty Media Contact:
+1 (214) 451-1706