Berger Commercial Realty Facilitates $3.05 Million Sale of Bank of America Building in Fort Lauderdale, FL

Bank of  America Building, 3600 North Federal Highway, Fort Lauderdale, FL

 

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