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Flex Space that has Never Been So Flexible

February 2, 2015

What goes around comes around. Art imitates life. Or is it life imitates art? Will the circle be unbroken? Roosters come home to roost. Boomerangs.

You can probably see where I am going here – something of significance has returned to Morris Southeast Group: a property.

Not one that we bought or leased for our own purposes. Or won a property management contract. No. We were awarded the marketing and leasing assignment for 700 Sawgrass Corporate Park in Sunrise, Florida.

A jewel of a flex building, with offices, a showroom area, spacious reception, three dock doors and ample, industrial-type space for light assembly all under one 45,430-square-foot roof, 700 Sawgrass was created as a build-to-suit for one of our clients 12 years ago, and we put them in the space on a long-term lease. Now the property has come back to market, and we have it for lease. Download the eBrochure for Sawgrass Corporate Parkway.

Zoned I-1, 700 Sawgrass is suitable for pharmaceutical, electronics, manufacturing, distribution and more.

We originally represented Martin Professional for the build-to-suit. At the time Martin was the leader in intelligent lighting for the club scene, and they were making great strides toward capturing market share with indoor and outdoor architectural lighting (thus the need for showroom space).

For years the company thrived in that space. So much so that Martin was acquired by publicly traded Harman a couple years ago. Harman isn’t exactly a household brand but many of the companies that Harman has acquired through more than 60 years have been responsible for changing the way people experience entertainment (from the world’s first stereo receiver to the first concert hall loudspeaker).

Thus, between the history of 700 Sawgrass and the notion of “creative space” made popular by the San Francisco and Los Angeles office markets, it would not be a stretch to suggest that 700 Sawgrass could be a highly innovative environment for the next occupier.

We’ll see about that.

Meanwhile, the property is offered for lease ($13/NNN + estimated operating expenses of $4 a foot) or for sale, at $6.4 million.

700 Sawgrass Corporate Park is situated on 3.7 beautifully landscaped acres, near many fine restaurants and high-end, business class hotels. All major highways (I-595, I-75 and the Sawgrass Expressway) are nearby and the property is less than a half hour from Ft. Lauderdale-Hollywood International Airport. Interested occupiers should contact me.

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