Fort Lauderdale Office/Retail Building Trades For $525 PSF
Link Real Estate has streamlined its South Florida portfolio with the recent sale of a Fort Lauderdale property for $19 million.
An affiliate of Link sold The Glass Shop, a three-story office and retail building located at 105 North Federal Highway, to the Jewish Culture High School based in North Miami Beach.
This transaction amounts to $525 per square foot.
The Glass Shop, which spans 36,193 square feet, was completed in 2019. Link acquired the 0.3-acre site for $7.4 million that same year. The building’s 30,000 square feet of office space had previously been leased to Bond Collective, a New York-based co-working provider.
Rabbi Aharon Assaraf, representing the Jewish Culture High School, did not comment on whether The Glass Shop will serve as a new campus in Fort Lauderdale. This was Link’s only commercial property in the Fort Lauderdale area, as indicated on the firm’s website.
Source: The Real Deal
