A host of deals under contract in across Florida is revealing a resurgence of investor appetite for “second-tier” properties, particularly where there appears to be upside potential on rental income.

In Fort Lauderdale, TA Associates Realty has been selected as the buyer for 200 East Broward Blvd., a 226,000-square-foot office building that was listed by Invesco Realty Advisors (REFI 6/5). Meanwhile, Broward Financial Center, a 325,000-square-foot office tower at 500 East Broward Blvd., is also reportedly under contract by a group backed by Latin American investors, according to local market sources. Pricing on 200 East Broward Blvd. was estimated at close to $68 million or in the low-$300s per square foot, while pricing for Broward Financial Center could not be determined by press time. Calls to spokesmen at Invesco and TA were....

The content you are trying to view is restricted for Real Estate Finance Intelligence
subscribers.

To continue reading, please log in using the login box in the upper right corner of this page,
 subscribe or take a free trial.

Subscribe

Start your Real Estate Finance Intelligence service today for full access

Subscribe

Free Trial

Not ready to subscribe?

Register today for a free trial.

Free Trial