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| Bank of America Building, 3600 North Federal Highway, Fort Lauderdale, FL |
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| John Forman |
FORT LAUDERDALE, FL -
Berger Commercial Realty Sales Associate John
Forman and Senior Vice President Keith
Graves recently represented First States Investors 5200 in the $3.05
million sale of the Bank of America Building to LSN Property Group, LLC. The
transaction closed on December 1.
Located at 3600 N. Federal Highway in Fort
Lauderdale, the Bank of America Building is an 18,826-square-foot, three-story
office building situated on 85,465 square-feet of land between Oakland Park
Boulevard and Commercial Boulevard along the U.S. 1 corridor.
The first floor of the
building houses Bank of America. The second and third floors, which total
11,686 square-feet, are available for lease. Located less than two miles from
the ocean, the building features onsite banking with an ATM and drive-thru, ample
parking and frontage on U.S. 1.
"Due to the
building's premier location and opportunity to re-let the second and third
floors, LSN Property Group saw the building as a solid investment
opportunity," Graves said. "LSN plans to lease the available space, which
offers proximity to Fort Lauderdale's central business district, an affluent
residential base in Coral Ridge, and numerous restaurants and national
retailers along the U.S. 1 corridor."
The property was sold by
First States Investors 5200 as part of a portfolio distribution in multiple
U.S. markets. LSN Property Group was represented by Ascendant Real Estate Group
in the transaction.
For a complete copy of the company’s news release,
please contact:
954-776-1999
Lexi Robinson, ext. 255,
lrobinson@piersongrant.com
Jane Grant, ext. 224,
jgrant@piersongrant.com
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