Riverbend Corporate Park Announces Strayer University as First to Locate in Fort Lauderdale's New Western Gateway

Fort Lauderdale, FL, November 02, 2008 --(PR.com)-- Another milestone has been reached in the development of Riverbend Corporate Park. Strayer University has leased an entire floor, 15,241 square feet, in the first completed building at Riverbend, where a new urban community is taking shape at the western edge of downtown Fort Lauderdale.

Strayer University will occupy the ground floor in the four-story, 67,000-square-foot Class A office building. The building is the first of six planned for the initial phase of the 100 -acre Riverbend Corporate Park, located at the northwest quadrant of the Broward Boulevard/I-95 interchange.

Strayer University is accredited by the Middle States Commission on Higher Education and has been in operation since 1892. The University offers undergraduate and graduate degree programs in business administration, accounting, information technology, education and public administration. With more than 44,000 students, Strayer University operates 60 campuses in 12 states in the Eastern United States and Washington, D.C., as well as worldwide via the Internet.

“Our goal is to help working adults advance their careers through our distinctive approach to adult post-secondary education,” said Lysa Hlavinka, Executive Vice President and Chief Administrative Officer of Strayer University. Riverbend, she noted, gives Strayer a strategic location from which to serve students drawn from Riverbend Corporate Park, as well as from throughout the Tri-County area. The University will open September 21.

Charlie Ladd, a principal in the Riverbend development with George Rahael, said, “We welcome Strayer’s commitment as recognition of Riverbend as a location where companies can build their future. The University will be a tremendous amenity within this new urban community. Riverbend is evolving as a place where people can live, work and play – and now even earn a degree -- all at the heart of the regional transportation and transit network.”

Overall, Riverbend will incorporate up to 2 million square feet of office space, with a projected employment base of 8,000, well as residences, a super regional retail center and a multi-modal transit hub.

Riverbend offers a rarity in today’s market: large contiguous office space at the heart of Broward’s transportation network, Ladd said. The Corporate Park’s first phase will introduce six, two- to four-story Class A office buildings totaling 325,000 square feet, bounded by Broward Boulevard and the New River, between NW 25th Avenue and NW 22nd Avenue. The buildings are sited around a 20-plus acre lake with a night-lit signature fountain. Along the spine road, future phases will include additional office buildings and amenities, with sites for restaurants, banks and business services.

Riverbend’s multi-modal transit hub will streamline traffic through Broward’s central corridor. With I-95 ramp infrastructure and a Tri-Rail station already in place, the development’s proximity to downtown and its location along the proposed “east-west connector” route are integral to that vision.
The developers engaged a nationally regarded design team including Chicago-based architects Solomon Cordwell Buenz & Associates Inc. General contractor is J. Raymond & Associates of Orlando, Florida.

Principals Ladd and Rahael are long-time partners in market-shaping, top quality South Florida projects under the Amera Barron companies. The team is master developer for Downtown Coral Springs, which is redeveloping all four quadrants of the Sample Road/University Drive intersection. The first phase, One Charter Place, a 210,000-square-foot Class A office, financial and retail center is now open. Other projects include The Walk on University, a 240,000-square-foot mixed-use center that transformed two city blocks of aging office and retail buildings and vacant land into a vibrant center for the City of Coral Springs, and Victoria Park Shoppes, which brought a new level of quality retail to that Fort Lauderdale neighborhood.

For more information, contact Amera Barron Leasing, 954 340-6000.

Amera Barron Leasing
Sharon DeMuth
Brian Feldman, Smith & Knibbs