Originally acquired in 2021, the campus was repositioned through a multi-year strategy to concentrate tenancy, enhance the office assets and unlock a portion of the site for residential development, enabling two distinct paths for value creation.
Lone Star Funds announced that an affiliate of Lone Star Real Estate Fund VII, L.P., along with an affiliate of Highline Real Estate Capital LLC and Square2 Capital LLC, acquired the asset, marking the most significant office acquisition in Broward County in the past decade.
The office park last sold in 1996 for $15,875,000.
This transaction is the largest office building to trade in Broward County’s Downtown submarket in the past 12 months. CLICK ON THE HEADLINE FOR MORE
The purchase price is nearly double the price the Steelbridge team paid for the asset in December 2012. CLICK ON THE HEADLINE FOR MORE
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