Ben Shmul & Spencer Raymond Acquire Fort Lauderdale Office Building For $117.9M

The office property located at 1136 Holiday Dr in Fort Lauderdale has been sold in a recent transaction. The property spans 61,321 square feet and was sold for a total price of $117,875,000, resulting in a price per square foot of $1,922. The buyer of the property is Ben Shmul and Spencer Raymond, while the seller is Crp/Insite Clipper LLC.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $117,875,000
• Square Footage: 61,321
• Price per Square Foot: $1,922
• Buyer: Ben Shmul & Spencer Raymond
• Seller: Crp/Insite Clipper LLC

This transaction demonstrates the active real estate market in Fort Lauderdale. Ben Shmul and Spencer Raymond, represented by their broker, played a significant role as the buyers in this deal. On the other hand, Crp/Insite Clipper LLC, represented by their own broker, acted as the seller of the office property. The transaction showcases the ongoing interest in commercial assets in the thriving Fort Lauderdale market.