CBRE Tapped To Market 1 East Broward Blvd.

1 East Broward Blvd., a 4-Star office building in downtown Fort Lauderdale has hit the market and industry professionals expect that it may trade for more than double its previous sales price of $42 million.

Montvale, NJ-based Ivy Realty Services LLC has also retained CBRE to market the 19-story building, which it purchased in 2011 from One Broward Blvd Holdings LLC, CoStar data shows.

The 351,705-square-foot tower is 91 percent occupied and is the closest office building to the new Brightline commuter train service’s Fort Lauderdale station, says a person who has reviewed the confidential offering memorandum.

The largest tenants include Kemet Corp., Becker & Poliakoff and Quintairios Prieto Wood & Boyer.

 

Source:  CoStar