Broward County Acquires Office Building In Fort Lauderdale For $19.5M

Broward County has purchased an office building located at 2050 Spectrum Blvd in Fort Lauderdale, FL. The property was sold by Sheldon Gross for a price of $19,500,000. The total square footage of the building is 78,053, resulting in a price per square foot of $249.

Summary of transaction details

• Property Type: Office Building
• Transaction Amount: $19,500,000
• Square Footage: 78,053
• Price per Square Foot: $249
• Address: 2050 Spectrum Blvd, Fort Lauderdale, FL

Broward County acted as the buyer in this transaction, while Sheldon Gross represented the seller. The deal highlights the active commercial real estate market in Fort Lauderdale, with Broward County making a significant investment in an office building.