Monday, July 28, 2014
NEW BOSTON FUND SECURES TWO LEASES AT BAYVIEW IN FORT LAUDERDALE
Tenants combine to occupy nearly 4,300 square feet of Class-A office space
Ft. Lauderdale, Fla. – July 28, 2014 – New Boston Fund, Inc., a private equity real estate investment, development and management firm, announced today that it has secured a 2,926-square-foot lease with I3 Lending and a 1,326-square-foot lease extension with CHG Healthcare Services at BayView Corporate Tower in Fort Lauderdale.
BayView Corporate Tower is a 12-story, Class-A building and a single-story annex totaling 412,520 square feet of office space. The property features unobstructed ocean views on the upper floors, a five-story parking garage, a snack and gift shop, and on-site management and security services.
The property is located on Federal Highway, less than one mile from Fort Lauderdale Beach and the Intracoastal Waterway. It is also situated just minutes from downtown Fort Lauderdale and is within walking distance of restaurants, shops and executive housing.
Since assuming ownership of BayView in December of 2007, New Boston Fund has implemented a large-scale capital improvement program which included upgrades to the building’s common areas, signage, landscaping and exterior façade. The investments have helped make BayView one of the most desirable office towers in the area with an impressive tenant list that features CHG Healthcare, Whole Foods, AT&T, Landmark Worldwide, Kovack Securities and Intermedix.
Formerly known as AtlanTech Tower, BayView has received multiple “Office Building of the Year” honors from The Building Owners and Managers Association (BOMA), BOMA 360 designation, and an Energy Star rating every year since 2008.
New Boston Fund was represented by ComReal Fort Lauderdale’s Timothy Talbot in both transactions. Paul Anderson with Cresa Partners of Florida, LLC and Cresa of Salt Lake City, LLC represented CHG.
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 $3.5 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
For all news or media inquiries, please contact:
Solomon McCown & Company