110 Tower, a 394,830-square-foot trophy office building in the Fort Lauderdale Central Business District, has traded hands.

MIAMI—110 Tower, a 394,830-square-foot trophy office building in the Fort Lauderdale Central Business District, has traded hands. The sale price: $113 million.

Cushman & Wakefield's Capital Markets brokerage team of executive director Mike Davis, senior director Rick Brugge, senior director Michael Lerner, executive director Scott O'Donnell and senior director Dominic Montazemi represented Dallas-based seller Genesis Capital Partners XI, a GenCap Partners investment fund. IP Capital Partners acquired the office asset for $286 per square foot.

110 Tower is a 30-story, class A office tower built in 1988. As the tallest and most recognizable building in the CBD, 110 Tower has 22 stories of office space, five stories of structured parking, two stories of mechanical space and ground-floor retail and parking. Restaurants, a health club, a full-service bank, as well as conference and entertainment facilities, are among the on-site amenities.