Another Trophy Office Property On The Block
The 23-story Las Olas City Centre in downtown Fort Lauderdale is for sale. The property, located at 401 E. Las Olas Blvd., is currently more than 90% occupied, anchored by Bank of America.
The building’s owner, San-Francisco-based Shorenstein Properties, has decided that it just may be the right time to sell the 9-year-old trophy tower, given the successful sale of other prime assets in the Las Olas corridor, including 300 Las Olas Place, which sold in late December and the two-tower complex at 350 and 450 Las Olas Blvd., which sold last September.
The building’s owner, San-Francisco-based Shorenstein Properties, has decided that it just may be the right time to sell the 9-year-old trophy tower, given the successful sale of other prime assets in the Las Olas corridor, including 300 Las Olas Place, which sold in late December and the two-tower complex at 350 and 450 Las Olas Blvd., which sold last September.
The building’s developer, Fort Lauderdale-based Stiles Corporation, also owns a minority stake in the tower, but the sale is being overseen by Shorenstein.
Holliday Fenoglio Fowler has been selected to market the sale.
Source: SFBJ
Holliday Fenoglio Fowler has been selected to market the sale.
Source: SFBJ
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