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South Florida

Ft. Lauderdale retail sale sets pricing record

Waverly at Las Olas
Waverly at Las Olas

A downtown Fort Lauderdale retail property sold for a record per square foot price.

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Miami investor Waverly 1 and 2 paid $9.2 million for the 100 North Federal Highway retail condominiums at the Waverly at Las Olas, Daily Business Review reported. The $406 per square foot paid by the buyer is a record for the area, according to Stiles Realty, which represented seller REIMS Waverly. A mixed-use multifamily building, Waverly was developed in 2005.

The retail condos total 22,655 square feet and are home to five national and local tenants. Body Care by Dr. G Stratt, Egmondt Fine Bakery, E*Trade Financial Corp., Inligua Language School and PNC Financial Services Group occupy the property. [Daily Business Review] — Eric Kalis

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Fort LauderdaleLas OlasStiles