Empire Social Lounge Acquires Retail Property In Las Olas, Fort Lauderdale For $3.6M

The retail property located at 350 SE 2nd St 2 in the Las Olas market of Fort Lauderdale has been sold for a price of $3,600,000. The property has a total area of 7,060 square feet, resulting in a price per square foot of $510.

Summary of transaction details:

• Property Type: Retail
• Transaction Amount: $3,600,000
• Address: 350 SE 2nd St 2, Las Olas, Fort Lauderdale
• Market: Las Olas, Fort Lauderdale

The buyer of this property is Empire Social Lounge, who is expanding their business. The buyer was represented by Luis Gonzalez and Alejandro Diaz from Bravo & Partners Realty. The seller was represented by Matthew Rotolante, Matthew Jacocks, and Matthew Katzen from Lee & Associates. Scott Miller from Meridian Capital Group acted as the mortgage broker in this transaction.

Empire Social Lounge's decision to expand into this location is based on their proven customer loyalty and success in their other two locations. The new market on Las Olas Boulevard in Fort Lauderdale not only meets their requirements but also aligns perfectly with their brand.