Comprehensive Home Care, Skillstorm Commercial Services, Southeast Renewable Fuels, Malcolm Drilling, American Renal Associates and U.S. Security Associates are among the major tenants in the office buildings. The office park is 86% percent occupied.

Fort Lauderdale is seeing traction on the office investment front. Just weeks ago, Galleria Corporate Centre, a 168,844-square-foot, 13-story tower in Fort Lauderdale, is up for grabs. Avison Young just listed the asset.

Located at 2455 East Sunrise Boulevard, the office and retail space is directly across the street from the famed Galleria Mall. Avison Young principal of investment sales David Duckworth is spearheading the marketing.

“This opportunity presents a one-of-a-kind investment to a buyer to purchase a majority stake in a fractured office condo building at which previous ownership has already handled much of the heavy lifting in terms of expansive capital improvements for condo conversion,” Duckworth tells GlobeSt.com. “The key drivers of the market—lack of new office construction and decreasing vacancy—present favorable economics from an investment perspective, whether the buyer should retain ownership of units for in-place income generation or resell to small and mid-sized businesses looking to creating long-term equity.”

MIAMI—Business Plaza at Corporate Park, a two-building office park located in the heart of Fort Lauderdale's Uptown Business District, has traded hands. The sale price: $7.1 million.

Cushman & Wakefield executive director Scott O'Donnell, senior director Dominic Montazemi, director Miguel Alcivar and senior associate Greg Miller represented Boca Raton-based seller 6400 Associates in the transaction. Coconut Creek-based TMT Properties acquired the asset for $104 per square foot.

“Business Plaza Corporate Park offered investors strong in-place yields with significant room for upside by leasing vacancies and pushing rental rates as the Uptown Business District's conversion into the Uptown Urban Village becomes increasingly imminent,” O'Donnell tells GlobeSt.com. “Greater connectivity and enhanced pedestrian activity will enhance the area's existing status as a major business hub driven by its central location within South Florida and excellent access to I–95.”

Developed in 1982, Business Plaza at Corporate Park is home to two single-story office buildings totaling 68,153 square feet. The office property sits on five acres at 6400–6472 Northwest 5th Way. That's new hotels, restaurants, entertainment facilities and offers fast access to local transportation.

Comprehensive Home Care, Skillstorm Commercial Services, Southeast Renewable Fuels, Malcolm Drilling, American Renal Associates and U.S. Security Associates are among the major tenants in the office buildings. The office park is 86% percent occupied.

Fort Lauderdale is seeing traction on the office investment front. Just weeks ago, Galleria Corporate Centre, a 168,844-square-foot, 13-story tower in Fort Lauderdale, is up for grabs. Avison Young just listed the asset.

Located at 2455 East Sunrise Boulevard, the office and retail space is directly across the street from the famed Galleria Mall. Avison Young principal of investment sales David Duckworth is spearheading the marketing.

“This opportunity presents a one-of-a-kind investment to a buyer to purchase a majority stake in a fractured office condo building at which previous ownership has already handled much of the heavy lifting in terms of expansive capital improvements for condo conversion,” Duckworth tells GlobeSt.com. “The key drivers of the market—lack of new office construction and decreasing vacancy—present favorable economics from an investment perspective, whether the buyer should retain ownership of units for in-place income generation or resell to small and mid-sized businesses looking to creating long-term equity.”