Courthouse Place is located at 12 Southeast 7th Street Located near the Broward County Courthouse. That's a strategic location for law firms and other professionals that need fast access to the judicial building. (Meet the South Florida developer that's heading north.)

“In addition to the opportunity to add value in the near term, we are extremely excited about the long-term prospects for Downtown Fort Lauderdale and in particular the south side of the River,” says Mijael Attias, Sefira's co -founder. “Between the new courthouse, the Wave, All Aboard Florida and the incredible amount of new retail and residential development both planned and underway, we believe this will look like an entirely different neighborhood ten years from now.”

The Courthouse Place purchase marks Highline's third acquisition in the past 10 months. Sefira Capital was formed in September of 2015 by Attias and Aby Galsky as a boutique investment company focused on acquiring and developing commercial real estate. Sefira has acquired and developed nine properties since its inception with a total capitalization of more than $ 50 million.

Scott O'Donnell, Dominic Montazemi and Greg Miller from Cushman & Wakefield represented the seller, Courthouse Place, in the sale of the project. Jason Hochman from Cushman & Wakefield's Capital Markets Group arranged an acquisition loan for the buyers with Ready Capital. Tim Talbot and Andy Ackerman of Comreal Fort Lauderale will handle the project leasing. CREC will manage the property.

MIAMI—Courthouse Place Office Building, a strategic asset in Downtown Fort Lauderdale, has traded hands. The sale price: $13.8 million.

HRE/Sefira Courthouse Place, a joint venture between Highline Real Estate Capital and Sefira Capital acquired the office building. Courthouse Place is an eight-story, 66,000-square-foot class A office asset. It was constructed in 2008.

This is Highline and Sefira's second acquisition together in the past year. Last summer, the firms co-purchased the 165,000-square-foot Cypress Point Office Park in Tampa. (You might be surprised where Fort Lauderdale buyers are coming from.)

“We continue to pursue well-located assets with strong cash flow which provide additional opportunities for value enhancement,” David Moret, Highline's founder, tells GlobeSt.com. “The majority of the vacancy in the building consists of first generation space that was never built out following the building's delivery in 2008. We plan to create state-of-the-art spec suites in order to improve occupancy and enhance the building's cash flow.”

Courthouse Place is located at 12 Southeast 7th Street Located near the Broward County Courthouse. That's a strategic location for law firms and other professionals that need fast access to the judicial building. (Meet the South Florida developer that's heading north.)

“In addition to the opportunity to add value in the near term, we are extremely excited about the long-term prospects for Downtown Fort Lauderdale and in particular the south side of the River,” says Mijael Attias, Sefira's co -founder. “Between the new courthouse, the Wave, All Aboard Florida and the incredible amount of new retail and residential development both planned and underway, we believe this will look like an entirely different neighborhood ten years from now.”

The Courthouse Place purchase marks Highline's third acquisition in the past 10 months. Sefira Capital was formed in September of 2015 by Attias and Aby Galsky as a boutique investment company focused on acquiring and developing commercial real estate. Sefira has acquired and developed nine properties since its inception with a total capitalization of more than $ 50 million.

Scott O'Donnell, Dominic Montazemi and Greg Miller from Cushman & Wakefield represented the seller, Courthouse Place, in the sale of the project. Jason Hochman from Cushman & Wakefield's Capital Markets Group arranged an acquisition loan for the buyers with Ready Capital. Tim Talbot and Andy Ackerman of Comreal Fort Lauderale will handle the project leasing. CREC will manage the property.