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Jérôme Foulon Of Lone Star Funds Acquires 401 East Las Olas Boulevard For $220M

Property Image
SOLD
$220,000,000
Andrew Chilgren
Thomas (Tom) Traynor
+ 3

Florida

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Mixed-use410,561 SF
Sold
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Property Image
SOLD

Jérôme Foulon Of Lone Star Funds Acquires 401 East Las Olas Boulevard For $220M

401 East Las Olas Boulevard

See Similar Deals
Mixed-use410,561 SF
Sold
Andrew Chilgren
Thomas (Tom) Traynor
+ 3
Contact now

Summary

FLORIDA
Asset Type:Mixed-use
Price Per Square Foot:$535
Total Square Footage:410561 SF
Transaction Type:Sale

The asset, 401 East Las Olas Boulevard, is a mixed-use property located in the Fort Lauderdale market. The transaction involved a sale price of $220,000,000 for a total square footage of 410,561, resulting in a price per square foot of $536.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $220,000,000
  • Square Footage: 410,561
  • Price Per Square Foot: $536
  • Address: 401 East Las Olas Boulevard
  • Market: Fort Lauderdale
  • Buyer: Jérôme Foulon - Lone Star Funds
  • Buyer: David Moret - Highline Real Estate Capital LLC
  • Buyer: Jay Caplin - Square2 Capital LLC
  • Seller: TAF gg Las Olas LP c/o Deutsche Bank
  • Seller's Representative: Christian Lee & Sean Kelly - CBRE
  • Mortgage Brokers: Amy Julian, Andrew Chilgren, Thomas (Tom) Traynor & Tom Rugg - CBRE

This transaction involved multiple key players, including the buyers represented by Jérôme Foulon of Lone Star Funds, David Moret of Highline Real Estate Capital LLC, and Jay Caplin of Square2 Capital LLC. The selling entity, TAF gg Las Olas LP c/o Deutsche Bank, had representation from Christian Lee and Sean Kelly of CBRE. The mortgage brokerage was managed by Amy Julian, Andrew Chilgren, Thomas Traynor, and Tom Rugg, all associated with CBRE.

Players

Amy Julian
34 deals$2.1B volume(305) 381-6478
BROKER

Thomas (Tom) Traynor
CBRE
39 deals$15B volume
BROKER

Sean Kelly
CBRE
22 deals$860.3M volume(561) 866-3545
BROKER

Andrew Chilgren
CBRE
22 deals$1.6B volume
BROKER

Christian Lee
CBRE
7 deals$537M volume
BROKER

Tom Rugg
CBRE
22 deals$8.2B volume(212) 984-8112
BROKER

Details

SOLD
IMAGE: IMAGE: Sean Kelly, Christian Lee, David Moret, Amy Julian, Jérôme Foulon, Thomas Traynor, Jay Caplin, Tom Rugg & Andrew Chilgren DATE: 02/13/2025 ADDRESS: 401 East Las Olas Boulevard MARKET: Fort Lauderdale ASSET TYPE: Mixed-use BUYER: Jérôme Foulon - Lone Star Funds; David Moret - Highline Real Estate Capital LLC; Jay Caplin - Square2 Capital LLC SELLER: TAF gg Las Olas LP c/o Deutsche Bank SELLER's REP: Christian Lee & Sean Kelly - CBRE (@CBRE) MORTGAGE BROKERS: Amy Julian, Andrew Chilgren, Thomas (Tom) Traynor & Tom Rugg - CBRE SALE PRICE: $220,000,000 SF: 410,561 ~ PPSF: $536 NOTE: Lone Star Funds, along with Highline Real Estate Capital and Square2 Capital, acquired 401 East Las Olas Blvd, a 410,561-sf Class AA office tower in Fort Lauderdale’s Las Olas Financial District. The deal, which closed on Feb. 13, marks the largest office acquisition in Broward County, breaking the record, set just a few days ago by the $208M trade of 350/450 East Las Olas. -use (Tom)Traynor

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