Wednesday, April 1, 2015

ICM Realty Group Acquires Cypress Executive Center in Fort Lauderdale, FL


Cypress Executive Center, 1901 West Cypress Creek Road,
 Fort Lauderdale, FL


Bruce Timm
Fort Lauderdale, FL ---ICM Realty Group, the international real estate investment and management firm, announced today that it has purchased Cypress Executive Center, one of the area’s best located office properties at 1901 W. Cypress Creek Road in Fort Lauderdale.

The purchase represents ICM’s third investment in Florida in the past 12 months. 

The purchase was made on behalf of ICM’s (VII) U.S. Core Plus Realty Trust, a fully discretionary private equity fund focused on acquiring and developing office, retail and medical office properties.

As part of the purchase, ICM has committed to immediately completing significant capital improvements and adding building amenities. In addition, ICM intends to create an on-site property management office to better serve the needs of the building’s occupants.

”We are pleased to be investing further in a market that has and will continue to benefit from employment growth and the long-term opportunities created by the recovering economy,” said Bruce Timm, ICM’s CEO. “This transaction signifies our ongoing commitment to investing in the Southeast Florida markets.”

”A trademark of ICM is the company’s ability to provide tenants with immediate, positive changes resulting from ICM’s signature hands-on approach,” said ICM Managing Director Andrew Webb.

“This asset’s value-enhancement potential is an excellent fit with our investment strategy.”

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

Andrew Webb
Managing Director, USA
Main: (651) 398-2662



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