Institutional Property Advisors Facilitates Broward County Office, Mixed-Use Asset Sale
The property sold for $40 million.
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The property sold for $40 million.
A private company has signed a triple-net lease at a Congress Avenue office property, securing a sizable block of space under an agreement extending for more than a decade.
The project will include more than 120,000 square feet of Class A office space, along with over 11,000 square feet of ground-floor retail.
Eric Cantor of Cushman & Wakefield represented the landlord in the transaction. Dean Katz, Adam Bernstein and Greg Katz of Stream Realty Partners represented Travelpro.
The asset consists of two 11-story office towers and a connected structured parking facility. The property is fully leased and home to a diverse roster of national and global tenants.
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