Wednesday, September 21, 2016

HFF closes $23.9 million sale of Class A office property in Fort Lauderdale, FL

Park Center, 6363 NW 6th Way, Cypress Creek Submarket, Fort Lauderdale, FL

Hermen Rodriguez
MIAMI, FL –– Holliday Fenoglio Fowler, L.P. (HFF) announced it has closed the $23.9 million sale of Park Center, a five-story 119,224-square-foot, Class A office property in the Cypress Creek submarket of Fort Lauderdale, Florida.

HFF marketed the property on behalf of the seller, RFP Mainstreet Park/Cypress LLC, a joint venture between Mainstreet Capital Partners, out of Fort Lauderdale, and Realty Financial Partners, out of Boston, and procured the buyer, Gladstone Commercial Corporation.  The asset was sold on a free and clear basis.

Park Center is located at 6363 NW 6th Way just west of Interstate 95 in the Cypress Creek submarket.  

The property is 100 percent leased to Citrix Systems, a Fortune 1000 and S&P 500 company that provides a complete and integrated portfolio of Workspace-as-a-Service, application delivery, virtualization, mobility, network delivery and file sharing solutions that enables companies to ensure critical systems are securely available to users via the cloud or on premise and across any device or platform.

The HFF investment sales team representing the seller was led by senior managing director Hermen Rodriguez, associate director Jorge Portela and director Ike Ojala. 

HFF’s office investment sales team has closed more than 1.7 million square feet of office space in the Miami/Fort Lauderdale market in 2016.  Notable transactions include Aventura Corporate Center, Miami Tower and Datran Center, among others.

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

Kristen M. Murphy
Director, Marketing
HFF | One Post Office Square, Suite 3500 | Boston, MA 02109
Main: 617-338-0990 | Direct: 617-848-1572 | Cell: 617-543-4873 |

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