Broward Trade Centre is a 102,000-sf, six-story office building located at 200 W. Cypress Creek Rd. in the Cypress Creek submarket. The seller was Trade Centre Associates Ltd. Partnership, a large institutional investor based in Delaware. Lee Wheeler of Codina Realty Services represented Trade Centre Associates Ltd. Partnership in the sale. The sale closed July 9.

"This purchase represents Liberty Property Trust's confidence that the Cypress Creek office market will once again emerge as the leading corporate market within Broward County," Mitchell Millowitz, a senior director of office brokerage for Cushman & Wakefield locally, says in a statement. Millowitz represented Liberty Property in the transaction.

The exact purchase price was not disclosed. However, "The building has been vacant since 2001, so they were able to achieve a very aggressive price," Millowitz tells GlobeSt.com.