Grover Corlew Purchases Office At 200 East Broward Boulevard For $69.7 Million From Banyan Street Capital
200 East Broward Boulevard
$69,700,000
$296/SF
Building Size
235,211 SF
Asset Type
Office
Closing
Oct 21, 2026
About this deal
AI
The property asset involved in this transaction is located at 200 East Broward Boulevard, Fort Lauderdale. It is classified as an office property, with a sale price of $69,700,000. The total square footage of the asset is 235,211, resulting in a price per square foot of $296.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $69,700,000
- Square Footage: 235,211
- Price Per Square Foot: $296
- Buyer: Grover Corlew
- Seller: Banyan Street Capital
- Buyer's Financing Representatives: Paul Stasaitis & Magnus Kron - JLL
- Seller's Representatives: Hermen Rodriguez, Ike Ojala, Matthew McCormack, Hunter Smith, Blake Koletic, Patrick Salata & Ben Esterer - JLL
This transaction was facilitated by several key individuals from JLL representing both the buyer and the seller. Paul Stasaitis and Magnus Kron represented Grover Corlew in securing financing, while Hermen Rodriguez, Ike Ojala, Matthew McCormack, Hunter Smith, Blake Koletic, Patrick Salata, and Ben Esterer represented Banyan Street Capital in the sale.
On the Map
$69,700,000
$296/SF
Office
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Players
Fort Lauderdale Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93