FORT LAUDERDALE — The Community Foundation of Broward has found a new and larger home in downtown Fort Lauderdale, a move, it says, that will offer Broward County residents a place to work together to improve their community.
The 10,000-square-foot property at 910 E. Las Olas Blvd. will be the foundation’s new home for the next decade. The foundation currently occupies about 3,500 square feet at 1401 E. Broward Blvd. and will move to the new location in December.
The move allows the foundation to expand its role in addressing pressing issues in the county and will provide for larger training and education facilities that reduce the expense of renting external space.
“We know we will continue to grow during the next 10 years and wanted to find a great space and a great deal before conditions changed,” Linda Carter, the foundation’s president and CEO, said in a statement announcing the move. “From this new home, the foundation will act as the town square for community conversations. It is in the heart of the business community and provides easy access and great facilities to all those we serve.”
Berger Commercial Realty Corp. broker Steve Hyatt closed the agreement for the foundation for the office space that is managed and owned by The Las Olas Company Inc.
Hyatt, who served on the foundation’s board from 2002 to 2007, said he understood the need for space, value and accessibility.
“Knowing the Community Foundation is a nonprofit dedicated to improving the lives of all Broward residents, our team worked tirelessly to find the right space at the right price,” Hyatt said in the statement.
"This was a long and focused process. We looked at more than 35 properties. This location was chosen because of how it allows the Foundation to connect to the community it serves," he said.
The foundation “provides leadership on community solutions and fosters philanthropy that connects people who care with causes that matter,” the statement said.
A 27-year-old public nonprofit organization with more than 400 charitable and agency endowment funds representing $100 million, the foundation has distributed $50 million to support community solutions over the past 26 years.
“Our journey took almost two years of investigation and involved many people. Their work and a favorable economic climate resulted in the selection of an exceptional facility," Carter said.