FORT LAUDERDALE, FL– Marcus & Millichap Real Estate Investment Services, the nation’s largest real estate investment services firm, has arranged the sale of the Broward Office Flex Portfolio, which includes three sites totaling 207,737 square feet in Fort Lauderdale. The sales price is $22.2 million. 
Douglas K. Mandel, (photo at right) an associate vice president of investments and associate director of Marcus & Millichap’s National Office and Industrial Properties Group (NOIPG) in Fort Lauderdale; Ben Holzhauer, (photo at left below) a senior associate and member of the firm’s NOIPG in Fort Lauderdale; Richard Matricaria, a vice president of investments in the firm’s Fort Lauderdale office; and Adam Tiktin, a vice president of investments and director of the firm’s National Office and Industrial Properties Group in Miami, represented the seller, Jamie Danburg. Marcus & Millichap also represented the buyer, Mizzen LLC.
“The Broward Office Flex Portfolio offered the buyer the opportunity to acquire approximately 20 percent of the competing office flex space with
this central, in-fill suburban office market,” says Mandel. “Continued population and business growth in the market, as well as economic recovery and land-constraints, will increase demand for these office properties.” The portfolio is located at three sites situated on approximately 17 acres and includes an office, showroom and warehouse space.
These sites are within a one-mile radius of the Cypress Creek office and industrial submarket and are referred to as: Cypress Creek Executive Court at 2700 W Cypress Creek Road; Powerline Business Center at 5601 N Powerline Road; and Cypress Creek Business Park II at 6555 N Powerline Road.
Press Contact:
Press Contact:
Stacey Corso
Communications Department
(925) 953-1716
Communications Department
(925) 953-1716
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