Stiles Expanding Third-Party Leasing, Property Management Business
With new contracts to lease and manage 347,000 square feet of top-tier, Class A Broward office properties for owner Western National Life Insurance Company, Stiles reports strong strategic growth of its third-party services.
Western National Life, the nation’s #1 provider of fixed annuities through financial institutions for the past 16 consecutive years, has retained Stiles to lease and manage 800 Fairway Drive in Deerfield Beach and the Commercial Place I & II buildings at 3230-3250 West Commercial Boulevard, Fort Lauderdale. Lender Western National Life recently took title to the two office complexes from the previous owners.
As certain South Florida office buildings change hands based on current economic realities, lease structures are opening new opportunities for savvy tenants, according to Stiles Realty Director of Real Estate Madelayne Garcia. “Western National Life is gearing up to draw top corporate space users to Broward County, with two properties that are the most upscale buildings in their respective submarkets,”
Stiles has opened a leasing and property management office at the 173,241-square-
“With its 45,000-square-
The Western National Life contracts are the latest third-party engagements for Stiles, which began focusing on growth of its third-party business four years ago. Stiles now handles regional leasing and management portfolios for property owners including Wells Fargo and Prudential. Stiles Realty is the largest Broward-based commercial real estate brokerage firm, and Stiles Property Management is the region’s third largest company in its field based on square feet under management.
Stiles Realty and Stiles Property Management are divisions of Stiles , a full-service commercial real estate firm that is responsible for more than 37 million square feet of office, industrial, retail, mixed-use and residential projects throughout the southeastern United States, with regional offices in Miami, West Palm Beach, Naples, Fort Myers and Orlando. For more information, please visit www.stiles.com.