The Real Deal Miami

Foreclosure filed on Davie office complex

November 16, 2009 03:17PM

PNC Bank, a subsidiary of Pittsburgh-based PNC Financial Services Group, has filed to foreclose on the Flamingo Commons Office Park in Davie. The seven-building, 73,499-square-foot complex at 4351 S.W. 124th Avenue was built in 2003 and has a mortgage which was last modified at $13 million in 2007. The office vacancy rate for Broward County exceeded 14 percent in the third quarter, according to Colliers Abood Wood-Fay. [SFBJ]