215,283-SF Office Complex Sells for $31.5M

PLANTATION, FL-Centex Development Co. has sold a 215,283-sf office complex here to a private investment group for $31.5 million, or approximately $146.32 per sf. The development consists of two properties: Southpointe I and Southpointe II.

Southpointe I is a 135,819-sf, class A office building that is 100% leased to the General Services Administration and currently occupied by the Fort Lauderdale District Office of the Internal Revenue Service. Southpointe II, a 79,464-sf, class A, multi-tenant office building, houses the Centex Construction Group.

Hermen Rodriguez, senior director, and Manuel de Zárraga, senior managing director, in Holliday Fenoglio Fowler’s Miami office, along with Jim Batjer, senior director in the firm’s Dallas office, arranged the sale as exclusive agents for Centex Development Co.