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.