Alan Garzon Purchases Development Site In Fort Lauderdale From Fred Burgess For $8 Million

The transaction involves the sale of a development site located at 6282 North Andrews Avenue in the Fort Lauderdale market. The asset encompasses approximately 2.2 acres of commercial land and was sold for $8,000,000. The site is positioned in Fort Lauderdale's Uptown Business District, which is notable for its proximity to major roadways and employers in the area.

Summary of transaction details:

• Property Type: Development Site
• Transaction Amount: $8,000,000
• Buyer: Alan Garzon
• Seller: Fred Burgess
• Seller's Representative: Jonathan Carter & Dave Preston - Colliers
• Location: 6282 North Andrews Avenue, Fort Lauderdale, FL
• Asset Size: ±2.2 acres

Colliers’ Executive Vice Presidents, Dave Preston and Jonathan Carter, were responsible for representing the seller, Double Mountain Development LLC, throughout the transaction. The buyer intends to develop a 200-unit multifamily residential project on the acquired site, contributing to the ongoing development initiatives within the Cypress Creek submarket.