Tuesday, November 24, 2015

American Realty Advisors Sells Office Center in South Florida

Yamato Office Center, Fort Lauderdale, FL

Boca Raton, FL, Nov. 24, 2015 – American Realty Advisors announced the sale of the Yamato Office Center, a 170,930 square-foot office property in the South Florida metro area. 

David Hubbs
According to David Hubbs, Senior Portfolio Manager at American, the disposition has been timed to take advantage of strong investor interest in the region.

“The property’s great location and tenant profile, along with the growing strength of the office market in the region, made this an opportune time to sell the property,” says Hubbs.

Constructed in 1986 and 2000, Yamato Office Center is located less than one mile west of the I- 95/Yamato Road interchange, and less than 30 miles from both Fort Lauderdale and Palm Beach International Airports. 

The property is comprised of two office buildings totaling 170,930 square feet, with a tenant mix that includes Promise Healthcare, MoreDirect, and Homes Media E-Neighborhoods.

The buyer, Adler Kawa (AKREA) is a Florida-based real estate investment firm that was represented by Charles J. Foschini, Vice Chairman, and Christopher A. Apone, First Vice President, in CBRE’s Miami office.  American was represented by Christian Lee, Vice Chairman of CBRE Miami.

For a complete copy of the company’s news release, please contact:

Lexi Astfalk / Jenn Quader
Brower, Miller & Cole
(949) 955-7940

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