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Florida & Gulf Coast  + Office  |  February 5, 2021
David Cohen
By: David Cohen

JLL Brokers $44M Sale of Fort Lauderdale Office Tower

JLL has arranged the $44.2 million sale of Cypress Financial Center, a 201,305-square-foot office tower in Fort Lauderdale.

Located at 5900 N. Andrews Ave., the building has 250 feet of frontage along Interstate 95 and is situated across from the Cypress Creek Tri-Rail station. The 11-story tower also include a 785-space parking garage. The property is currently 90% leased to a tenant roster that includes anchor Hayes Medical Staffing.

Hermen Rodriguez, Ike Ojala and Matthew McCormack of JLL represented the seller in the transaction, a joint venture between funds managed by Apollo Global Management, Square2 Capital and Steelbridge Capital. The buyer was Vision Properties.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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