Butters Construction & Development, in partnership with Malcolm Butters and BlackRock, has acquired a 12.55-acre office property located at 5601 North Hiatus Rd in Tamarac. The property, listed by Bridge Investment Group, was purchased for a total amount of $16,230,000. Spanning over 100,980 square feet, the property was sold at an average price of $161 per square foot.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $16,230,000
• Address: 5601 North Hiatus Rd
• Market: Tamarac
• Acres: 12.55

Cushman & Wakefield represented the parties involved in the transaction as the brokers. The acquisition by Butters Construction & Development, alongside Malcolm Butters and BlackRock, marks an important development in the office property market in Tamarac. This successful deal demonstrates the continued growth and investment in the area.