Berger Commercial Realty/Corfac International Senior Vice President Stephen Hyatt represented the buyer in the purchase of a 10,400-square-foot office property located at 4201 North Andrews Avenue in Oakland Park.
The buyer, upscale clothing store chain Maus & Hoffman, Inc., paid $1,700,000 to Truist Bank, for the asset. Maus & Hoffman is relocating from the Las Olas Boulevard area due to expansion needs and the sale of its prior location. Founded in 1940 with operations in Fort Lauderdale, Palm Beach, Vero Beach and Naples, Maus & Hoffman is currently run by third and fourth generation family members.
The transaction closed January 27.
The suburban, one-story office building offers good visibility on Andrews Avenue and is centrally located near I-95.
The building served as a former Truist Bank Operation Center. It was formerly owned by SunTrust Bank, which became Truist after a recent merger. The new location provides easy access to their east and west coast stores.
Jeff Holding and AJ Belt with Cushman & Wakefield represented the seller in the transaction.
Get the latest industry news and information from CRE-sources delivered right to your email inbox! And we promise…no more than one email each morning.
And we promise…no more than one email each morning.