Record-Breaking $70 Million Sale Sets New Benchmark for Fort Lauderdale, FL Luxury Residential Real Estate

Michelle Howland

Fort Lauderdale, FL –– Fort Lauderdale's reputation as a premier luxury real estate market is cemented by the sale of a stunning waterfront estate for a record-breaking $70 million. 

5 Harborage Isle, Fort Lauderdale, FL

Located at 5 Harborage Isle at the intersection of the Intracoastal and the New River, the estate offers 1,035 linear feet of waterfront and boasts two homes on 2.7 acres of land. The 20,000 sq ft main residence features six bedrooms,11 bathrooms and a seven-car garage while the guest house offers four bedrooms, 4.5 bathrooms and a three-car garage.

 

The new owner plans to re-do the main estate for a new, more modest home to be built on the property.

 Tim Elmes

The Elmes Group of Compass Florida represented the buyer in this historic transaction, while Michelle Howland, LLC represented the seller in the original purchase and sale of the estate.

 

Notably, The Elmes Group has brokered the sale of this property six times since 1990.

 

“We are thrilled to have been involved in these record transactions over the years,” said Tim Elmes of The Elmes Group. “This home is truly one-of-a-kind, offering unparalleled luxury and privacy.” 

 

The seller, financier and philanthropist Donald Sussman, purchased the home in 2016 for a then-record-breaking $27.5 million. “It’s a very special property,” said Sussman. “It’s heartening to know that it will be well-stewarded by its new owners.”

 

As Fort Lauderdale continues to attract discerning buyers from around the world, this record-breaking sale further solidifies its position as a leading luxury real estate market. 

Donald Sussman

"Fort Lauderdale's status as a sought-after destination for affluent buyers is cemented by this extraordinary sale,” said Elmes. “The city's capacity to provide an exceptional level of luxury and sophistication is evident in its ability to attract such high-profile transactions."

 

The Elmes Group has multiple other properties available between $2 million and $50 million and have been negotiating multiple all cash offers on a couple of homes between $40 and $50 million range, indicative of strong continued demand in the Fort Lauderdale luxury space.

 

CONTACT:

Jessica Shein

Account Director

jshein@boardroompr.com

C 954-817-9389

O 954-370-8999

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JLL Capital Markets represented PGIM Real Estate in the $224 million sale of a grocery-anchored portfolio across Florida

  

 Kim Flores

Danny Finkle

MIAMI, FL –  JLL Capital Markets has arranged the $223.85 million sale of a seven-property grocery-anchored retail portfolio located across Davie, Lake Worth, Kissimmee, Royal Palm Beach and Fort Myers, Florida. The portfolio, which was 97% occupied, consists of 608,314 square feet of retail space in key Florida markets.

 

JLL worked on behalf of the seller, PGIM Real Estate.

 

JLL Capital Market’s Investment and Sales Advisory team representing the seller was led by Senior Managing Director Danny Finkle, Senior Directors Eric Williams and Jorge Portela and Vice President Kim Flores.

 

“We are excited to have advised PGIM Real Estate on the sale of this well-curated compilation of highly desirable grocery-anchored shopping centers,” said Finkle.

 

Eric Williams

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. 

The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization. The firm has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.

 

For more news, videos and research resources, please visit JLL’s newsroom. 

 

About JLL  

For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties. 

Jorge Portela

A Fortune 500 company with annual revenue of $20.8 billion and operations in over 80 countries around the world, our more than 110,000 employees bring the power of a global platform combined with local expertise. 

 JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, please visit jll.com. 

 

Contact:

 Gréta Kieras, 

Senior Associate,

 Public Relations

Phone: +1 949 930 8498  

Email: greta.kieras@jll.com

 

Ware Malcomb Announces Construction Complete on Westinghouse Electric Company Engineering Services Hub in Kitchener, Canada

 

Christina Kolkas

 Vaughan, Ontario, CANADA – Ware Malcomb, an award-winning international design firm, announced construction is complete on a new office for Westinghouse Electric Company in Kitchener, located in Waterloo Region.

 Ware Malcomb provided interior architecture and design, MEP Engineering and furniture selection services for the 14,000 sq ft location, which will serve as an engineering services hub for Westinghouse’s global design teams.

Photo by Philip Castleton Photography

The Kitchener site is one of the company’s five global engineering hubs that drive advancements in the delivery of nuclear energy technology. The Waterloo Region location was selected for its proximity to Westinghouse’s customers and supply chain, as well as to the University of Waterloo and other outstanding colleges and universities that train top talent. 

  “The Kitchener location is strategic for Westinghouse, benefitting from a high density of technical talent, proximity to housing and convenient access to major highways and public transit” says Christina Kolkas, Principal, Ware Malcomb.

 “Working for over a year from space plan to construction completion, our teams were proud to design a space that combines a tech look with a fun, inviting and collaborative atmosphere.”

CONTACTS:

Rachel Devany

VP Public Relations

 KCOMM for Ware Malcomb

Maria Rodgers,

 Director,

PR & Communications,

949.660.9128,

 mrodgers@waremalcomb.com

 

Sean Boswell,

PR Specialist, 949.660.9128,

 sboswell@waremalcomb.com