The company intends to invest an additional $10 million into refurbishing the property.
Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and S ...
The transaction was facilitated by CBRE’s Senior Vice President Amy Julian and First Vice President Andrew Chilgren.
The four-story, 93,219-square-foot boutique office building traded for $20 million.
Currently, the property is 92% leased to a diverse roster of 48 tenants.
The seller, a joint venture, purchased the property and excess development land in 2016 for $90 million and executed an extensive redevelopment and re-tenanting of this iconic Ft. Lauderdale asset. CLICK ON THE HEADLINE FOR MORE
The complex is 90 percent leased to 40 tenants from a variety of industries including healthcare, law, finance and engineering.
CBRE Capital Markets Vice Chairman Christian Lee and Executive Vice President José Lobón facilitated the sale on behalf of Crocker Partners. CLICK ON THE HEADLINE FOR MORE
CBRE arranged the sale. CLICK ON THE HEADLINE FOR MORE
A subsidiary of Triarch Capital Group acquired the property. CLICK ON THE HEADLINE FOR MORE
