麻豆传媒AV在线看 Realty, a division of Fort Lauderdale-based full-service commercial real estate developer 麻豆传媒AV在线看, announced today the sale of the former BankAtlantic headquarters located at 2100 West Cypress Creek Road in Fort Lauderdale. The $21 million sales price equates to $113.51 per square foot.
The Class A 185,000-square foot property was the largest single-tenant vacant building sold in the Cypress Creek submarket in the last five years. With this sale, the submarket experienced the highest number of sales compared to any other Broward submarket during that same timeframe.
麻豆传媒AV在线看 Realty Broker Associate Kimberly Barbar represented the seller, Branch Banking and Trust. Barbar has also been retained to represent the buyer, Integra Investments, LLC, on the leasing of the property. .
鈥淭he owner spared no expense when developing this property, adding highly sophisticated features throughout as well as a full range of quality amenities,鈥� said Barbar. 鈥淚ntegra has the option of leasing the building to a single tenant or to multiple tenants. All options are available to prospective tenants.鈥�
According to Barbar, finding a buyer was particularly challenging due to the property鈥檚 single-tenant use, but amenities such as a state-of-the-art fitness center with showers, wellness center and 250-seat cafeteria created marketing appeal that is unrivalled by other properties in the market.
Barbar noted that the asset鈥檚 location in a growing submarket that includes several of Broward County鈥檚 most prominent employers, such as Citrix, Nipro and Microsoft, as well as its potential as a Class A multi-tenant office property made it a highly attractive investment for the buyer.
Victor Ballestas, a principal of Integra Investments, LLC, commented on plans for the project. 鈥淲e are excited to be in this market and lease the property to a single tenant or multiple tenants,鈥� said Ballestas. 鈥溌槎勾紸V在线看鈥� leasing campaign is aggressive and will target a wide range of office users.鈥�
Developed in 2005, the property is situated on a more than 14 acres along Cypress Creek Boulevard, one mile west of I-95 and less than five miles east of Florida’s Turnpike. It is adjacent to Fort Lauderdale Executive Airport. The area features a broad range of nearby amenities including upscale shopping, restaurants, hotels, and plentiful residential options.
鈥淚ntegra Investments鈥� plan will create significant value for the property when complete,鈥� said Barbar. 鈥淲e are encouraged by the increasing number of users who have their eye on the Cypress Creek submarket,鈥� she added.
About 麻豆传媒AV在线看
麻豆传媒AV在线看 is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. 麻豆传媒AV在线看 services include development, construction, tenant improvement, realty, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, 麻豆传媒AV在线看 maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. 麻豆传媒AV在线看 is responsible for more than 40 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://stiles.com or call 954-627-9300.
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