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AD Mortgage Acquires Office Property From Cloud Software Group In Fort Lauderdale For $37M

Property Image
SOLD
$37,000,000
Sal Bonsignore
Rod Loschiavo
Keith Darby

Florida

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Office565,754 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

AD Mortgage Acquires Office Property From Cloud Software Group In Fort Lauderdale For $37M

851 West Cypress Creek Road & 899 West Cypress Creek Road

See Similar Deals
Office565,754 SF
Sold
Sal Bonsignore
Rod Loschiavo
Keith Darby
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Office
Price Per Square Foot:$65
Total Square Footage:565754 SF
Transaction Type:Sale

The property asset involved in this transaction is located at 851 & 899 West Cypress Creek Road in Fort Lauderdale. It consists of office spaces totaling 282,877 square feet, with a sale price of $37,000,000, resulting in a price per square foot of $130.

Summary of transaction details:

This transaction involved key individuals including Keith Darby of RISE Realty, who represented the buyer AD Mortgage, ensuring a streamlined process. The sellers, Cloud Software Group, were represented by Rod Loschiavo and Sal Bonsignore from Colliers. Max Slyusarchuk expressed appreciation for the professionalism and efficiency of the RISE Realty team in facilitating this transaction.

Players

Rod Loschiavo
Colliers
Rod Loschiavo
3 deals$62M volume
BROKER
Sal Bonsignore
Colliers
Sal Bonsignore
5 deals$62M volume
BROKER
Keith Darby
Rise Realty
Keith Darby
1 deal$37M volume(305) 720-7925
BROKER

Details

SOLD
IMAGE: Rod Loschiavo, Keith Darby & Sal Bonsignore DATE: 08/28/2024 ADDRESS: 851 & 899 West Cypress Creek Road MARKET: Fort Lauderdale ASSET TYPE: Office BUYER: AD Mortgage (@ADMortgagelLLC) SELLER: Cloud Software Group BUYER'S REP: Keith Darby (@KeithalanDarby) - RISE Realty (@RISERealty) SELLER'S REP: Rod Loschiavo & Sal Bonsignore - Colliers (@ColliersInternational) SALE PRICE: $37,000,000 SF: 282,877 ~ PPSF: $130 NOTE FROM BROKER: "As the business leader of the company, I am responsible for our team, their professionalism, and their job satisfaction. A&D Mortgage has first-class products and service levels backed by an excellent nationwide reputation. However, we needed a top-tier office to help the team work at maximum efficiency and inspire them to reach new heights. Keith and the Rise Realty team professionally and quickly helped us find the right property, prepare for the deal, and organize it with minimal stress. Now, the A&D Mortgage team has a great new HOME! Thank you, Keith! Thank you, RISE Realty!" Max Slyusarchuk

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