Vision Real Estate Advisors Facilitates Sale Of 65,000-SF Village Plaza In Fort Lauderdale MSA
This was the first time the property was on the market for sale since the seller, Tricon Development, purchased the property over 30 years ago.
This was the first time the property was on the market for sale since the seller, Tricon Development, purchased the property over 30 years ago.
“As PEBB continues to grow, we are focused on bringing in talented professionals who share our commitment to operational excellence and long-term value creation,” PEBB President and CEO Ian Weiner said.
Prior to closing the sale, the joint venture inked a lease expansion with Cleveland Clinic to occupy the entire 68,000-square-foot Class A medical office development, doubling its previously announced space commitment.
The property features approximately 115 feet of frontage along Lincoln Road and is currently occupied by a diverse tenant roster.
Avison Young brokered the sale.
The development was built on the site of the former Hollywood Bread Building, which served as the headquarters of the Hollywood Bread Company.
Steve Hyatt, Senior Vice President with Berger Commercial Realty, represented Community Foundation of Broward in the acquisition.
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The healthcare company will occupy the entire building.
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