Fort Lauderdale developer Dev Motwani bought two properties for $14 million in downtown Fort Lauderdale's quickly redeveloping Flagler Village district.
Motwani affiliate 616 SE 4th Avenue LLC bought 1.75 acres development site from J&C Fox Family LLC and Joel Fox Inc., affiliates of the Fox family who ran the Duron paint business, which was leased to Sherwin-Williams. The transaction closed Sept. 29.
The assemblage on North Federal Highway from Northeast Third Street to Fourth Street includes a Greyhound bus stop at 515 NE Third St., the Sherwin-Williams store at 317 N. Federal Highway and two parcels with parking lots east of the bus station.
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Lidia Dinkova
Lidia Dinkova covers South Florida real estate for the Daily Business Review. Contact her at [email protected] or 305-347-6665. On Twitter @LidiaDinkova.
