Las Olas City Centre Owner Revealed

Las Olas City Centre, located at 401 East Las Olas Blvd., is under contract for about $160 million, or $400 a square foot. 
The Fort Lauderdale building, remodeled in 2005, appraised at $84 million by the Broward County property appraiser last month.
Rumor has it the buyer of the Fort Lauderdale property is a fund that JP Morgan Investment Management operates.
Stiles, which built the building in 2002, co-owns the 408,000 square-foot property with majority owner San Francisco-based Shorenstein Realty Services.
Source:  SFBJ

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