A Florida partnership of Boca Raton-based Pebb Capital, Fort Lauderdale-based Intalex Capital, and Delray Beach-based CDS International Holdings has purchased a 24-story office tower in downtown Ft. Lauderdale for $43 million. Amerant Bank provided financing for the deal.
Stockbridge 110 East Broward LLC, an affiliate of Stockbridge Capital Group sold the 343,500 square foot building at 110 E Broward Blvd., which they acquired out of foreclosure in 2018 for $41.06 million and had completed multimillion dollar renovations to its common areas and lobby in 2021 on 1.6 acres since it was built 1982 .
CBRE’s Christian Lee, Andrew Chilgren , Marcos Minaya , Sean Kelly brokered the deal with assistance from Greenwall Capital Management as well as legal counsel from Kapp Morrison .
Travis Herring & Katherine Ridgway of Cushman & Wakefield have been appointed to lease the building which is just over 50% occupied having secured 76000 sq ft worth new tenants already .
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Steve Griffin
November 15, 2024
