search

The Real Deal Logo

Trending

Lawmakers reach sweeping housing deal with “good cause eviction,” new 421aLawmakers reach sweeping housing deal with “good cause eviction,” new 421aHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudHGTV’s “Mr. Flip It” gets four years in jail for $10M fraudH-E-B snags 21 acres in Celina, hinting at development boomH-E-B snags 21 acres in Celina, hinting at development boomCity Council approves zoning change to greenlight casinosCity Council approves zoning change to greenlight casinos
South Florida

Deerfield Beach office and warehouse complex sell for $51M

Quorum Business Center, Deerfield Beach
Quorum Business Center, Deerfield Beach

A Deerfield Beach office building and warehouse has sold for $51 million.

An affiliate of Pennsylvania-based KTR Capital Partners reportedly sold the 28.1-acre property to an Ivy Equities affiliate.

JPMorgan Chase Bank financed the deal with a $37.88 million mortgage.

Sign Up for the undefined Newsletter

Space in the Quorum Business Center is offered for lease at $12.95 per square foot, the South Florida Business Journal reported.

The 398,591-square-foot office and warehouse is located just west of Interstate-95 at 602, 674, 700, 712 and 776 South Military Trail. KTR Capital paid $37.17 million for the property in 2005. Ivy Equity also owns office buildings in Fort Lauderdale and Palm Beach. [South Florida Business Journal] – Katherine Kallergis