The Real Deal Miami

Downtown Lauderdale office towers trade for $66M

Company tied to Boston-based TA Associates Realty is the buyer
July 28, 2014 11:15AM

200 East Broward Boulevard

200 East Broward Boulevard

A company tied to Boston-based TA Associates Realty picked up a pair of downtown Fort Lauderdale office towers for more than $66 million.

Realty Associates Fund X acquired the 200 East Broward Boulevard and 203 Southeast First Street buildings in a transaction recorded on Friday, according to Broward County records. No financing was recorded. Including parking garages, TA added nearly 550,000 square feet to its South Florida portfolio.

VV USA City L.P. is the seller of the properties. The company is linked to Dallas-based Invesco Real Estate. It paid about $44 million for the buildings in the late 1990s.

In one of South Florida’s largest office leases of 2013, law firm Greenspoon Marder signed a deal to occupy four floors totaling about 65,000 square feet at the 21-story tower at 200 East Broward Boulevard. — Eric Kalis