Greystar Acquires Fort Lauderdale Office Building For $19.5M

The property at 790 East Broward Boulevard in Fort Lauderdale, an office building, was sold for $19.5 million. The 1.92-acre property includes a 26,000-square-foot building, a parking lot, and a five-lane drive-through teller. The main tenant in the building is Chase Bank.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $19,500,000.00
• Seller's Representative: Robert Given (CBRE), Zachary (Zach) Sackley (CBRE)
• Buyer: Greystar
• Address: 790 E Broward BLVD, Fort Lauderdale
• Market: Fort Lauderdale

Cushman & Wakefield Vice Chairman Robert Given and Zachary Sackley represented a partnership connected to the seller, Fort Lauderdale-based Stiles Corp. The buyer of the property was Greystar GP II, LLC, an entity linked to Greystar, based in Charleston, South Carolina. The sale was finalized in an office-market deal, with the transaction yet to be officially recorded. The deal was facilitated as Greystar had shown interest in similar projects around Las Olas Boulevard, leading to direct negotiations between the parties before the property was put on the market.