Broward Health grabs Lauderdale offices for $13.5M

Spectrum Office Park
Spectrum Office Park

Broward Health acquired Spectrum Office Park in Fort Lauderdale for $13.5 million, The Real Deal has learned.

Formerly known as the North Broward Hospital District, Broward Health purchased the two-building complex at 1700 and 1800 Northwest 49th Street on Tuesday, according to Broward County records. No financing was recorded. The seller, Chicago-based Sawgrass & Spectrum SDCO, paid $13.1 million for the nearly 8.4-acre properties in May 2001.

Constructed in 2000, the buildings have a combined 91,000 square feet. The complex is located near Fort Lauderdale Executive Airport.

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Broward Health is one of the 10 largest health systems in the U.S., according to its website. It currently operates more than 30 facilities. — Eric Kalis