Four Office Buildings In West Broward Sell At $37 Million Loss
Built between 2000 and 2006, the buildings, which total 373,228 square feet, are 79% leased.
Built between 2000 and 2006, the buildings, which total 373,228 square feet, are 79% leased.
The company will move its headquarters from Sunrise to Davie.
Scheduled to break ground in late 2025, Grover Corlew has already invested more than $10 million in interior renovations at 600 and 700 Hillsboro Boulevard and signed leases for more than 20,000 sq. ft. of office space with several big-name tenants.
An engineering services company will occupy the space, relocating from its offices at 910 SE 17th St. in Fort Lauderdale.
North Broward Hospital plans to occupy the entire building.
Everett has completed more than $650 million in transactions throughout his career.
The newest flurry of leasing activity has reduced the Park’s flex office vacancy rate by six percentage points, to 4% overall. As a whole, the Park is 98% leased.
The project will deliver more than 850 residential units across three towers, Class AA office space with an industrial character with modern conveniences, more than 80,000 square feet of food, shopping, entertainment, art studios, and galleries, and a 1,200-space commercial parking structure. FAT Village aims to become a lifestyle hub for creatives to live, work, eat, and relax.
The $353-per-square-foot transaction far surpassed the current $225-per-square-foot market average for office investment sales.
Osborne and his team are laser focused on clients’ needs and helping them achieve their goals.
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