The Real Deal Miami

Sperry Van Ness brokers sale of parcel near Fort Lauderdale beach

June 14, 2012 01:30PM

Bayshore Concepts has paid $1.03 million for a parcel at 555 Antioch Avenue in Fort Lauderdale beach area, according to Sperry Van Ness, which brokered the deal on behalf of Bayshore. The property, which has a total of 0.585 acres, sold for an average price of $40.21 per square foot. Sperry Van Ness’ Keith Kidwell handled the deal on behalf of the seller, while MMD Realty’s Dave Motwani represented buyer Grand Terramar, also a limited liability company. Grand Terramar’s plans for the site were not disclosed. Former Dolphins star Dan Marino is an equity partner in MMD Realty. — Alexander Britell