The Real Deal Miami

AIG affiliate forecloses on 355,000 square feet of Broward office space

May 14, 2012 03:45PM

AIG affiliate, Western National Life Insurance Co. seized 355,000 square feet of office space last week in Deerfield Beach and Oakland Park, according to the South Florida Business Journal. The two office parks were won in foreclosure actions against AEW Capital Management. The two office parks include Hillsboro Executive Center North, which is located at 800 Fairway Drive, and Commercial Place, which is at 3230 Commercial Boulevard. The properties were mortgaged for approximately $27.5 million and $26 million, respectively. [SFBJ]