13th Floor Investments Acquires Development Site In Hallandale Beach For $18.5M

The development site located at 2002 Pemproke Road in Hallandale Beach has been sold for a price of $18,500,000. The property spans a site size of 673,438 square feet, resulting in a price per square foot of $27.

Summary of transaction details

• Property Type: Development Site
• Transaction Amount: $18,500,000
• Address: 2002 Pemproke Road, Hallandale Beach
• Market: Hallandale Beach
• Buyer: 13th Floor Investments
• Seller: TS&B III – Managed by Mark Butler, William Spencer & Ralph Thompson
• Brokers: Manny De Zarraga, Simon Banke, Maurice Habif, Jo Rousseau & Luca Victoria - JLL Capital Markets

The successful transaction was facilitated by Manny De Zarraga, Simon Banke, Maurice Habif, Jo Rousseau, and Luca Victoria from JLL Capital Markets. Their expertise and negotiation skills played a crucial role in ensuring a smooth sale of the development site.