The asset involved in this transaction is a mixed-use property located at 150 Southeast 3rd Avenue in Fort Lauderdale, encompassing a total of 1,250 square feet. It is positioned within a high-traffic area, catering to the increasing demand driven by population growth and enhanced walkability. The building, known as Coasterra Apartments, was completed in 2024 and serves as a significant addition to the Downtown Fort Lauderdale landscape.

Summary of transaction details:

• Property Type: Mixed-use
• Transaction Amount: Not disclosed
• Address: 150 Southeast 3rd Avenue
• Market: Fort Lauderdale
• Landlord: Richard Boynton - Fairfield Residential
• Tenant: Wolfgang Brunet - Ideal Nutrition
• Tenant Representative: Scott Weprin - Colliers
• Landlord Representative: Jonathan Rosen - JLL

This transaction signifies Ideal Nutrition's commitment to expanding its presence in South Florida with the lease signing for its flagship location in the new mixed-use building, which offers prime frontage within a growing urban environment. The deal highlights the collaboration between various parties, including the landlord represented by Jonathan Rosen from JLL while the tenant was represented by Scott Weprin from Colliers.