110 East Broward Blvd. Sells, Marks Fort Lauderdale’s Largest Office Transaction Of The Year
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Christian Lee, Andrew Chilgren, Marcos Minaya and Sean Kelly of CBRE brokered the transaction on behalf of both the buyer and seller.
Max Pawk with CBRE represented The Agency in lease negotiations.
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The space will be part of The Cordish Companies’ and Caesars Entertainment’s plan to deliver one of the largest developments to South Florida.
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David Duckworth, a principal of Avison Young’s Fort Lauderdale office, said while there are predictions of nationwide commercial mortgage backed security defaults in the office sector, quality office buildings in South Florida continue to attract companies. At least for now.
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An estimated $566 billion of debt maturities are coming due across the sector over the next five years.
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CBRE’s Brian McDonnell, Bill Sheehy, and Thomas Haughton represented TransLoop in the transaction. CBRE’s John Criddle, Joe Freitas and Allie Lancashire represent the landlord, Ivy Realty.