The Real Deal Miami

Ft. Lauderdale office sells for $2 million

June 20, 2011 11:57AM

Camelot Properties of Florida has purchased a 25,000-square-foot office
building in Fort Lauderdale for $2 million, according to Colliers
International South Florida. The building’s seller was the Miller
family. The site is located at 2727 West Cypress Creek Road. “It was
challenging finding a user for a 25,000-square-foot building in this
market, however the building was a good fit and and excellent
opportunity for the buyer,” said Sal Bonsignore, senior commercial
associate at Colliers. “This transaction is an example of what an ideal
time it is for users to purchase commercial property, with prices still
off significantly from their peak of three to four years ago.” Camelot
plans to use the property as a law office for its Philadelphia-based
firm. –Alexander Britell