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.
Gordon Messinger, Executive Vice President with CBRE, represented the landlord and developer in the transaction.
CBRE also announced that in the past six months, Kevin Gonzalez, Jake Freeman and Maggie Kurtz have arranged nine new office leases totaling 92,000 square feet at 777 Brickell.
The new, long-term lease brings the 212,619-square-foot building to 100% leased and marks Unique Vacations’ relocation and expansion.
Larry Genet and Tom O’Loughlin with CBRE represented Industrial Outdoor Ventures in both the purchase and lease of the property.
Benjamin Silver with CBRE represented the seller, 5100 Realty LLC, in the transaction.
The 80,361-square-foot property includes two freestanding outparcel buildings.
The complex is 90 percent leased to 40 tenants from a variety of industries including healthcare, law, finance and engineering.
The three Class-A office buildings total 222,682 square feet.
Larry Genet and Tom O’Loughlin with CBRE represented the seller in the transaction.