Bryson Ridgway Of Intalex Capital Purchases 5.26 Acres Office Park In Plantation For $8.93M

An office asset comprising 5.26 acres located at 1600 Southwest 80th Terrace in Plantation, FL, was sold for $8,930,000. The asset features potential redevelopment, transitioning from an office park use to multifamily housing.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: $8,930,000
• Buyer: Bryson Ridgway - Intalex Capital
• Seller: Josh Procacci - IP Capital Partners; Sean F. Armstrong - Westport Capital Partners
• Lender: The Northern Trust Company

Bryson Ridgway from Intalex Capital was involved in the acquisition of the property. The sellers, Josh Procacci and Sean F. Armstrong, represent IP Capital Partners and Westport Capital Partners, respectively. Intalex Capital plans to redevelop the site into the 395-unit Water's Edge apartment project, in response to the trend of converting excess office parking areas into residential units.