The two buildings, joined through a common lobby, total 230,238 square feet. CLICK ON THE HEADLINE FOR MORE
Stuart Hodes, former NAIOP South Florida Executive Director, has joined The Retail Bus Tour as Managing Director. CLICK ON THE HEADLINE FOR MORE
Banyan Street Partners, led by Rudy Touzet, has paid $28.7 million for the two-building Tower 101, located at 101 NE Third Avenue in Fort Lauderdale, according to a press release.
The asset consists of a six-story building built in 1986 with a 20-percent occupancy and a 19-story building built in 2001 with a 90-percent occupancy. The two buildings, joined through a common lobby, total 230,238 square feet.
The seller was CAPROC in coordination with lender Principal Life Insurance.
CBRE marketed the property on behalf of the seller and put together the financing package for the buyer through Sabadell United Bank, which provided a loan of more than $19 million.
Attorney Jason Post of Stearns Weaver represented Banyan Street and attorney Stuart Kapp of Proskauer Rose represented CAPROC.
Source: SFBJ
Stuart Hodes, former NAIOP South Florida Executive Director, has joined The Retail Bus Tour as Managing Director.
Stuart will focus on the existing company operations as well as assist in the national expansion throughout the country.
Gary Broidis, Principal, said the company is focused on expanding the company’s operations nationally. “Stuart brings a unique blend of operations knowledge and familiarity with our business model that will allow us to continue to grow and expand and we are excited to have Stuart join our organization,” said Broidis.
Mr. Hodes will be responsible for the general operations of the Retail Bus Tour. “I’m excited about working with the Retail Bus Tour and look forward to expanding our activities beyond the South Florida, Orlando, and Atlanta markets.” The 33-year management professional is a marketing and operations specialist with a focus on providing quality customer service.
The Retail Bus Tour provides an informative property marketing and networking venue exclusively serving the retail real estate industry. The Retail Bus Tour operates in markets throughout the Southeast and provides a marketing and networking venue for shopping center owners, brokers, retailers and service providers seeking to market their properties, network with other professionals and gain valuable industry and market information.
Downtown Ft. Lauderdale’s Tower 101 Fetches $28.7M
/in Done Deals/by SFOBA STAFFThe two buildings, joined through a common lobby, total 230,238 square feet. CLICK ON THE HEADLINE FOR MORE
Former NAIOP Director Joins The Retail Bus Tour
/in News/by SFOBA STAFFStuart Hodes, former NAIOP South Florida Executive Director, has joined The Retail Bus Tour as Managing Director. CLICK ON THE HEADLINE FOR MORE