Investcorp owns 70% of the joint venture, and Koger owns 30%. Koger will provide leasing and management of the property.
The landmark 24-story, 325,000-sf, class A office building is located at 500 E. Broward Blvd. at the intersection of Federal Highway (US Highway 1). The building is 88% leased and its tenant roster includes Franklin Templeton Corporate Services Inc., the GSA (US Attorney's Office) and Citibank.
Built in 1985, the Broward Financial Centre underwent major renovations between 1996 and 2002. It is the third-biggest class A office building in the city's central business district.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
