Thursday, August 02, 2012
NEW BOSTON FUND SECURES NEW LEASE AT ATLANTECH TOWER
Landmark Education leases a total of 12,265 square feet in Fort Lauderdale, Fla.
Ft. Lauderdale, Fla. – August 2, 2012 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that it has secured a new lease for 12,265 square feet of Class-A office space at the AtlanTech Tower to Landmark Education, a global educational program company based in San Francisco.
Landmark Education will occupy 12,265 square feet of the 413,426-square-foot, 12-story building. The AtlanTech Tower boasts a parking ratio of 4.7 spaces per 1,000 square feet, a prestigious location, and beautiful ocean views. Other amenities at AtlanTech include a five-level garage, on-site snack and gift shop, on-site management and security, Energy Star certification and multiple restaurants and retail shops within walking distance.
“We were able to successfully market this Class-A asset to Landmark Education because of its excellent location and extensive list of valuable amenities,” said Pryse Elam, Southeast Regional Director for New Boston Fund. “New Boston is very pleased that AtlanTech continues to attract high-quality tenants such as Landmark Education in the Ft. Lauderdale area.”
AtlanTech Tower is located in Ft. Lauderdale, Fla. along US-1, approximately half a mile from the Intracoastal Waterway at the eastern edge of the Cypress Creek submarket. The property sits on a 9.8-acre site and is in close proximity to multiple medical facilities and luxury housing communities. The area also serves as a unique lower cost alternative to the hub of Cypress Creek clustered around I-95.
New Boston acquired the property in December of 2007. AtlanTech Tower was awarded the BOMA Office Building of the Year award in the Broward/Palm Beach County area from 2003-2007. Other notable tenants at the property include Whole Foods, AT&T and CHG Healthcare.
New Boston was represented by Andrew Ackerman and Timothy J. Talbot of ComReal Fort Lauderdale, and Landmark Education was represented by Russell Bornstein and Michael Wilson of CBRE.
New Boston is committed to investing in the southeast region, and since 2010 has acquired more than one million square feet of office space through the purchases of Southpoint Executive Center, Maitland Green I & II, One Park Square, and Waterford Centre in Florida. New Boston Fund does not disclose sales or leasing prices.
About New Boston Fund
New Boston is an independent, privately owned real estate investment manager and an industry leader in providing real estate investment, development and management services with a history of strong sponsorship and oversight of its investment funds. New Boston has developed or acquired commercial and residential properties with a cumulative market value of about $4.4 billion, including 23 million square feet of commercial real estate and 7,500 residential units. Our investment vehicles cater to institutional and high-net worth investors by offering value-add and urban real estate investment funds with a focus on diversification and capital preservation. The New Boston Fund: People, Values, Returns. www.newbostonfund.com
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