FORT LAUDERDALE, FL—Comerica Tower, a class A boutique office tower in Downtown Fort Lauderdale, has a new owner. Brookwood Financial Partners of Beverly, MA, acquired the 11-story building from Beacon Investment Properties of for $32.5 million, or $196 per square foot.
The office building, which boasts an above-market parking ratio of 3.5 per 1,000 square foot, is 82% leased. CBRE represented the seller.
“Downtown Fort Lauderdale absorption has been led by a migration of tenants from the suburbs to the CBD,” says CBRE vice chairman Christian Lee. “This has been a national trend, where possible, as employers find it easier to attract and retain higher level talent to urban locations.”
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