MIAMI—A landmark class A office tower in Fort Lauderdale's Central Business District has a new owner. Boston-based TA Associates Realty acquired 200 East Broward for $66.4 million.

CBRE represented the seller and reports “tremendous interest” in the project from a number of the nation's leading investment firms. CBRE vice chairman Christian Lee, attributes the high level of interest to Downtown Fort Lauderdale's surging market fundamentals.

“Office market fundamentals for Downtown Fort Lauderdale have been robust, with 387,000 square feet of positive absorption over the last year and a half, reducing vacancy by 560 basis points to 13.3%—a level not seen since 2008,” Lee says. “This strength can be attributed to a national trend, where an increasing number of employers feel that they can more easily recruit and maintain quality employees within CBD locations, justifying higher occupancy costs.”