JS Florida Ventures And HS Florida Ventures Acquire Office Asset From PEBB Enterprises For $11.93M

6400 North Andrews Avenue is an office asset located in Fort Lauderdale, comprising 55,241 square feet. The property was sold for $11,930,000, equating to a price per square foot of $216. Situated in the Cypress Creek submarket, the property was 89% leased at the time of sale.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $11,930,000
• Address: 6400 North Andrews Avenue
• Market: Fort Lauderdale
• Total Square Footage: 55,241
• Price per Square Foot: $216
• Buyer: JS Florida Ventures, LLC & HS Florida Ventures, LLC
• Seller: Ian Weiner - PEBB Enterprises
• Broker: Scott O'Donnell - Cushman & Wakefield

Ian Weiner, representing PEBB Enterprises, completed the sale after holding the asset for over 20 years, indicating strategic capital redeployment into new acquisitions. Scott O'Donnell from Cushman & Wakefield facilitated the transaction, evidencing continued investment activity in this important South Florida office corridor.