Blog Elements

An affiliate of Adler Group, LLC purchased the property. CLICK ON THE HEADLINE FOR MORE

At full build-out, the project will include 700 apartment units, 160,000 square feet of office space and 200,000 square feet of retail space. CLICK ON THE HEADLINE FOR MORE

An affiliate of Adler Group, LLC purchased the property. CLICK ON THE HEADLINE FOR MORE

At full build-out, the project will include 700 apartment units, 160,000 square feet of office space and 200,000 square feet of retail space. CLICK ON THE HEADLINE FOR MORE

Mandel

Marcus & Millichap Senior Managing Director and Institutional Property Advisors (IPA) senior director Douglas K. Mandel, along with Marcus & Millichap Associate Tyler Kuhlman, represented the Seller, TCPH Broward, LLC, and Buyer in the sale of Executive Airport Business Center (EABC), a 73,289-square-foot, two-building office/industrial facility located adjacent to the Fort Lauderdale Executive Airport at 5101 NW 21st Avenue in Fort Lauderdale.

FXE Business Center, LLC, an affiliate of Adler Group, LLC, purchased the property for $5,500,000. The deal closed February 4.

Kuhlman

The property was constructed in 1987 and is situated on a six-acre, leasehold site with 35 years of term remaining. The landlord is the City of Fort Lauderdale.

“With stabilized occupancy of 87 percent, EABC, the Buyer is able to immediately enjoy steady cash flows of a diverse rent roll boasting nationally accredited companies that have been long term tenants,” commented Mandel.

Located in the Uptown Business District / Cypress Creek submarket of Fort Lauderdale, EABC offers convenient access to several major highways via Commercial Boulevard, which allows for direct access to Interstate 95 and the Florida Turnpike. The Property is adjacent to the Fort Lauderdale Executive Airport, which is one of the top-five largest executive airports in the United States.

Mandel + Partners experienced an extremely active 2018, closing more than $270 million. So far this year, Mandel + Partners closed transactions in excess of $100 million.

Kaufman Lynn Construction has broken ground on Phase I of Encore Capital Management’s Plantation Walk, a $350 million mixed-use development in Plantation.

Phase I is set to include a seven-story building with 171 multifamily units, 63,000 square feet of retail and restaurant space and 12,000 square feet of amenity space.

At full build-out, Plantation Walk will include 700 apartment units, 160,000 square feet of office space and 200,000 square feet of retail space. The site is situated at the former Plantation Fashion Mall at 321 N. University Drive, about eight miles west of downtown Fort Lauderdale. Completion is slated for April 2020.

Half Sized Blog Element (Single Author Style)

Half Sized Blog Element (Multi Author Style)

Marcus & Millichap’s Mandel, Kuhlman Negotiate Sale Of Executive Airport Business Center

Kaufman Lynn Construction Breaks Ground On Phase I Of $350M Mixed-Use Project In South Florida

Marcus & Millichap’s Mandel, Kuhlman Negotiate Sale Of Executive Airport Business Center

Kaufman Lynn Construction Breaks Ground On Phase I Of $350M Mixed-Use Project In South Florida

Full Sized Blog Element (Big Preview Pic)

Marcus & Millichap’s Mandel, Kuhlman Negotiate Sale Of Executive Airport Business Center

“With stabilized occupancy of 87 percent, EABC, the Buyer is able to immediately enjoy steady cash flows of a diverse rent roll boasting nationally accredited companies that have been long term tenants,” commented Mandel.

Kaufman Lynn Construction Breaks Ground On Phase I Of $350M Mixed-Use Project In South Florida

Subscribe!

Contact Us

Contact Us

Subscribe!