Senior Vice President Steve Hyatt of Berger Commercial Realty represented the seller in the transaction.
The eight-story building, designed by Synalovski Romanik Saye, would feature nearly 120,000 square feet of office space, 14,500 square feet of retail, and 400 parking spaces, along with a sixth-floor amenity deck.
Approximately 75 employees report to the South Florida headquarters.
Donna Korn and Beau Ladwig will lead leasing efforts for the South Florida class A office building near Fort Lauderdale Executive Airport.
Cushman & Wakefield’s Beau Ladwig and Donna Korn represented Workman Injury Law in the transaction.
“The building was 84% leased at the time of sale, and with approximately 40% of the rentable square footage set to roll over in the next four years, new ownership has a compelling opportunity to drive significant net-operating income grow ...
Firm CEO Jaime Sturgis and COO Kaley Tuning represented the seller in the $5 million transaction, which equates to $650 per square foot.
The leases total just over 30,000 square feet.
Savills Managing Director Michael Wernick, along with Senior Managing Directors Lawrence Epstein and David Browne, represented the tenant in the transaction.
The Newmark team, led by Senior Managing Director Jeremy Hakala and including Managing Director Matt Himmelsbach and Director Brandon Shores, will lead leasing efforts on behalf of ownership.
