A Fort Lauderdale property leased to Bank of America changed hands for about $9.3 million.
Bayrock Investment Co. of Charlotte acquired the 4901 North Federal Highway property, according to Monday’s announcement from real estate firm CBRE, which arranged the transaction. Bank of America occupies a 5,835-square-foot single-tenant building at the site under a 20-year net lease. The property is part of a multi-parcel redevelopment of an existing Bank of America branch. [more]