FORT LAUDERDALE, FL—Chase Bank is the latest to expand in South Florida. The deal marks the seventh bank-related transaction for CBRE in recent months.
CBRE arranged the sale of a single tenant retail property leased to Chase Bank. The buyer, 150 NW 180th Street, LLC, purchased the property from Pembroke Pines Place, LLC, a Florida-based private developer.
Located at 150 NW 180th Avenue in Pembroke Pines, the sale included a 1.8-acre parcel subject to a new 20-year triple-net ground lease. Upon completion this year, the Chase Bank will be approximately 4,713 square feet with drive-thru lanes.
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