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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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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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