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225,760-SF Industrial Building Sells for $13M

WESTON, FL-SSR Realty Advisors, an adviser to MetLife Insurance Co., bought the building and property, in the Weston Park of Commerce, from Northwestern Mutual, which took ownership of it 10 years ago.

By Melissa Bogdany | Updated on July 13, 2004

WESTON, FL-SSR Realty Advisors, an adviser to MetLife Insurance Co., has purchased the 225,760-sf former Federal Mogul Corp. industrial building here from Northwestern Mutual for $13.3 million. Northwestern owned the property on a 16. 4-acre site at 1600 N. Park Dr. in the Weston Park of Commerce for 10 years.

The west parcel consists of about 12.6 acres of improved land, which houses the building. The east parcel consists of about 3.8 acres of land available for building expansion, parking or another use. The building, expandable to 300,000 sf, has 25,760 sf of office space on two floors. A quarter of the space is private offices, while 65% of the space is open. The building has two conference rooms, a large training center and three kitchens. The property includes more than 500 parking spaces.

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