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Once Bankrupt Las Olas Centre Sells Again

FORT LAUDERDALE, FL—A victim of the economic meltdown, the two towers faced a $219 million foreclosure in 2009 and last traded in 2010. Find out who's got the trophy asset now.

By Jennifer LeClaire | Updated on March 20, 2014

FORT LAUDERDALE, FL—Los Olas Centre has a new owner. Deutsche Asset & Wealth Management’s (DeAWM) real estate investment business snapped up 350 and 450 East Las Olas Boulevard in Fort Lauderdale on behalf of one of its clients.

Financial terms of the deal were not disclosed. A victim of the economic meltdown, the two towers faced a $219 million foreclosure in 2009, ironically after signing a series of lease renewals. It was 95% occupied at the time.

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