MIAMI—Pinnacle Corporate Park 1 and II—two class A suburban office buildings totaling 262,434 square feet in Fort Lauderdale, FL—have traded hands. Northwest Mutual sold the office assets to a joint venture between Banyan Street Capital and DRA Advisors for $38.1 million free and clear of existing debt.

HFF managing director Hermen Rodriguez, director Ike Ojala, and senior real estate analyst Jorge Portela represented the seller. That brings HFF's office transaction closings to more than $48 million across all capital markets platforms in the state of Florida in 2013.

“Pinnacle Corporate Park has an exceptional office location thanks to its proximity to Fort Lauderdale's central business district, Interstate 95 and the Tri-Rail, and the property is in exceptional physical condition,” says Rodriguez. “The offering received strong interest from a wide variety of investors, driven by the property's physical attributes and strong rent-roll.”