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Florida & Gulf Coast  + South Florida  + Office  | 

Avison Young Arranges $59M Sale of Fort Lauderdale Office Portfolio

Avison Young’s Florida Capital Markets Group has arranged the $58.9 million sale of Pinnacle Corporate Park, a two-building, class A office portfolio at 500 and 550 W. Cypress Creek Road in Fort Lauderdale.

The portfolio totals 259,458 square feet on more than 14 acres in Broward County’s Cypress Creek submarket. Pinnacle Corporate Park is in the heart of Fort Lauderdale’s Uptown Urban Village, a master plan that supports the development of a thriving, transit-supportive, mixed-use neighborhood. The property is fully occupied.

John Crotty, David Duckworth Michael Fay, Greg Martin, George Vail, Brian de la Fé and Berkley Bloodworth of Avison Young represented the seller, a fund managed by DRA Advisors LLC, in the transaction. The buyer was Pinnacle Corporate Park LLC, which is managed by Feldman Equities.

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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.