Related Group Acquires Development Site On E Las Olas Blvd For $8M

A development site located at 521 E Las Olas Blvd in Fort Lauderdale has been sold in a recent transaction. The property was sold by Steelbridge to the buyer, Related Group. The sale took place on January 6, 2020, for a price of $8,000,000. The property has a buildable square footage (BSF) of 15,238, resulting in a price per buildable square footage (PPBSF) of $525.

Summary of transaction details

• Property Type: Development site
• Transaction Amount: $8,000,000
• Address: 521 E Las Olas Blvd, Fort Lauderdale
• Market: Fort Lauderdale

The transaction was facilitated by the brokerage firm Cushman & Wakefield, with brokers Robert Given, Errol Blumer, Troy Ballard, and Ricky Giles representing both the seller, Steelbridge, and the buyer, Related Group.

This deal brings together key individuals and companies in the real estate industry, including Jorge Perez, Jon Paul Perez, Robert Given, Errol Blumer, Troy Ballard, and Ricky Giles. Their involvement highlights their expertise and influence in the market.