The partnership consisting of Pebb Capital, Intalex Capital, and CDS International Holdings has acquired a half-empty office building in downtown Fort Lauderdale for $43 million. The 24-story tower is located at 110 East Broward Boulevard and spans a total area of 343,500 square feet. The sale price equates to a price per square foot of $125.

Summary of transaction details

• Property Type: Office
• Transaction Amount: $43,000,000
• Address: 110 East Broward Boulevard
• Market: Fort Lauderdale

The sellers of the office building were Stockbridge Capital Group. The buyer's representatives were Todd Rosenberg from Pebb Capital, Bryson Ridgeway from Intalex Capital, and Carl DeSantis from CDS International Holdings. The brokers involved in the transaction were Christian Lee and Andrew Chilgren from CBRE, as well as Greenwall Capital Management and Kapp Morrison.

The partnership aims to increase the occupancy of the office building and has already secured over 70,000 square feet of new leases for the property. This strategic move will contribute to the revitalization of the tower at 110 East Broward Boulevard.