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One of the Most In-Demand Office Submarkets

FORT LAUDERDALE, FL—Talk about a fast sale. An office building in this hot Broward County submarket sold in less than six weeks of listing.

By Jennifer LeClaire | Updated on July 14, 2015

FORT LAUDERDALE, FL—Talk about a fast sale. Cypress Creek Tower, a 61,917 square-foot five-story office building in Fort Lauderdale, FL, sold within six weeks of listing. LNR sold the office asset to Cole International Investments for just over $6 million.

Avison Young‘s Michael T. Fay, principal and managing director of the Miami office, and John K. Crotty, principal represented the seller. Avison is also the exclusive leasing and management firm for the asset and repositioned the office building in preparation for the sale, signing new leases with Mercantil Commerce Bank and Clearchoice Dental totaling 11,642 square feet.

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