John Criddle and Joe Freitas with CBRE represented the landlord, Ivy Realty Services, in lease negotiations.
Robert Listokin with Colliers South Florida represented the seller in the sale of the portfolio totaling 20,820 square feet in Broward County.
One of the few remaining vacant parcels in the central business district, the property is primed for office, multifamily, hotel, or mixed-use development totaling more than 500,00 square feet of rentable space.
According to CBRE Research, strong leasing was sustained in the first quarter with more than 630,000 square feet in office transactions executed in Broward County.
Paul Ahmed and Mackenzie Lampman with CBRE Capital Markets worked on behalf of the borrower, a private investor, to arrange a seven-year, fixed-rate loan from Bank United.
The 1972-built boutique office building is situated on .37 acres of land.
He will join the firm’s Miami-based Office Agency Leasing team consisting of Brian Gale, Andrew Trench, Ryan Holtzman, Jeannette Mendoza and Lena Weeks.
In early 2023, Shutts & Bowen will relocate more than 30 employees to the 22nd floor of the building.
The seller, a joint venture, purchased the property and excess development land in 2016 for $90 million and executed an extensive redevelopment and re-tenanting of this iconic Ft. Lauderdale asset.
The ultramodern Chamberlain University campus in Miramar will include over 56,000 square feet of space to house lecture-style classrooms, science labs, and simulation care centers, along with an admissions center, faculty offices, and student amenities, such as study areas and lounges.
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