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

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.