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Thursday, 04 October 2018

Fort Lauderdale, Fla., Office Property Sells for $108.5Mln

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A venture of PCCP LLC and NAI/Merin Hunter Codman Inc. has paid $108.5 million, or $308/sf, for the office property at 1 East Broward Blvd. in downtown Fort Lauderdale, Fla.

It bought the 351,705-square-foot complex from Ivy Realty of Greenwich, Conn. The property consists of 19-story and five-story buildings connected by a covered skybridge and a four-story parking lot with 772 spaces.

SunTrust Bank provided $77.5 million of financing to...


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“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

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Additional Info

  • Syndicate to Realpoint: No
  • Cities: Fort Lauderdale
  • States: Florida
  • Sector: Office
  • Subject: Property Acquisitions (ACQ)
  • Valuation: Between $100 million and $150 million
  • Private: Yes
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Dan Moynihan

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