JoAnn Farrell

JoAnn Farrell

South Florida
Real Estate Manager

Experience

JoAnn Farrell is a 16-year property management veteran focused on Class-A office assets in Broward County, Florida. JoAnn currently manages Sawgrass Lake Center for Foundry Commercial, previously CNL Commercial Real Estate, that is a joint venture with Long Wharf Real Estate Partners headquartered in Boston. The Sawgrass asset consist of a 239,373 square foot (SF) Class-A office building that includes 17 tenants, a 1,240 car parking garage and a cross-access agreement with the adjacent Double Tree hotel.

JoAnn’s day-to-day responsibilities include physical management of the properties,budgeting, financial reporting, lease administration,tenant relations, client satisfaction and direct supervision of employees and vendors.

Prior to joining Foundry Commercial, JoAnn was a Real Estate Manager with CBRE, Inc. for 8 years and originally started her career with OPUS South Management which was the real estate management company for OPUS South Corporation owned assets.

Over the last 18 months, JoAnn has led an on-site property team that has driven significant value at the Sawgrass asset through reducing operating expenses, executing key capital projects, improving customer service and working with the leasing team to drive occupancy and rental rates. Some of the highlights include:

  • 47,000 sf new leases / 27,000 sf renewals
  • $1.1M Capital Projects (Corridors, Patio, Tenant Directory & Garage Elevator Cabs)
  • Cooling Towers has currently be replaced at asset
  • $1.5m of completed or current TI Projects
  • Occupancy increase from 79% -95%
  • Rental Rates have increased from $18psf -$21psf
  • Estimated asset value increase of $15m during hold period

Education

  • Broward College, Davie, Florida
  • Florida Real Estate License

Community Involvement

  • Member -Building Owners and Managers Association (BOMA), Fort Lauderdale