Oct
24
LEED Gold Office Tower Trades for $113M in Ft. Lauderdale
ByCushman & Wakefield negotiated the sale, and was named exclusive leasing agent of 110 Tower.
110 Tower
Fort Lauderdale, Fla.—Cushman & Wakefield recently negotiated the sale of 110 Tower, a 394,830-square-foot trophy office building in Fort Lauderdale’s Central Business District. The property traded for $113 million, or roughly $286 per square foot.
Cushman & Wakefield’s Capital Markets brokerage team consisting of executive directors Mike Davis and Scott O’Donnell, and senior directors Rick Brugge, Michael Lerner and Dominic Montazemi represented the Dallas-based seller, Genesis Capital Partners XI Ltd., a GenCap Partners Inc. investment fund. The buyer was Boca Raton-based GEM Realty Capital. Wells Fargo Bank provided a $68 million loan for the acquisition…
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