Additional leases totaling 41,398 SF bring occupancy at newly renovated building to 93 percent

FORT LAUDERDALE, FL –  January 2, 2018 – In Downtown Fort Lauderdale’s largest headquarters lease of 2017, Convey Health Solutions leased 33,630 sf at One Financial Plaza, following a multi-million renovation of the 28-story tower. The major expansion by Convey Health Solutions, which is tripling its current 11,209 sf under a long-term lease, brings One Financial to 93 percent occupancy.

The Convey Health Solutions deal was brokered by Tower Commercial Real Estate on behalf of One Financial Plaza ownership Crocker Partners and Walton Street. Convey Health Solutions was represented by Ryan Nunes of CBRE, who said, “Working with the ownership team, we were able to craft the economic and operational flexibility Convey needed to grow its downtown Fort Lauderdale presence. With the expansion, Convey’s new tech center will further bolster the company’s mission of delivering superior client service and bring a state-of-the-art technology hub to Downtown Ft. Lauderdale.”

Convey will now occupy three full floors at One Financial Plaza, a commitment that reflects the updated building’s draw and prime, easy-access location within the CBD. One of downtown Fort Lauderdale’s most highly amenitized buildings, the 263,250-square-foot One Financial Plaza is home to the Tower Club on its top floor, features a high-end conference center and fitness facility, newly renovated lobby and common areas.

Tower CRE announced 41,398 sf in leases with several other major tenants, including:
-Broad & Cassel, 15,276 sf renewal
-RJ Reynolds, 11,213 sf renewal
-AXA Equitable Insurance, 10,184 sf renewal
-Insperity HR Solutions, 4,725 sf new lease

Rental rates in the Downtown Ft. Lauderdale office are at near-record high levels, with around a 10 percent vacancy rate. Market conditions continue to strengthen, primarily based on a lack of new office construction and declining vacancy.

“We continue to see strong interest in this market from Institutional Investors and tenants new to this market based on these trends, as well as Downtown’s continued development as a thriving 24/7 live work and play environment,” said Laurel Oswald of Tower CRE.  “Signs are everywhere in and around Fort Lauderdale’s CBD — thousands of residential units, a crop of new hotels and retail, redevelopment of the former Las Olas Riverfront property, revitalization along Las Olas Boulevard, and preparations for the new Brightline trains.”