AW Property Co. buys Riverbend office building in Fort Lauderdale for $6.5M

Miami /
Jun.June 27, 2016 10:30 AM

AW Property Co. purchased the majority interest of a Fort Lauderdale office building for $6.5 million.

An affiliate of True North Management Group sold the four-story building at 2307 West Broward Boulevard, records show. The property is within a larger, mixed-use community. It last sold as part of a 17.3-acre parcel in 2014 for $5.9 million.

The for-profit Strayer University is a tenant. Avison Young handles leasing for the nearly 67,000-square-foot Class A building, according to a Loopnet listing. Asking rent for available space is $18 per square foot, triple net.

TNHYIF REIV LIMA LLC, an entity controlled by Richard Gunthel and Paul Turovsky’s True North Management Group, is the seller. The White Plains, New York-based real estate investment management firm has made more than 60 investments valued at more than $965 million in the United States, according to its website.

The buyer focuses on medical and professional office properties in Florida’s major markets. AW, led by Brian Waxman, operates more than $1.5 million square feet of office space. AW picked up a West Palm Beach office building in September for about $10 million. Pebb Enterprises sold the Class B building at 1401 Forum Way.

The company’s new Fort Lauderdale building, which was completed in 2009, features high-end lobbies, fiber optics and is served by two FPL substations. It sits on a 22,177-square-foot lot.


Related Articles

arrow_forward_ios
Jonathan Fish and a rendering of the project

Fort Lauderdale mixed-use project eyes March groundbreaking

Fort Lauderdale mixed-use project eyes March groundbreaking
Michael and Andrea Kallberg & 400 Royal Plaza Drive, Fort Lauderdale (Credit: Google Maps)

Disaster response firm owners sell Las Olas Isles mansion at a slight loss

Disaster response firm owners sell Las Olas Isles mansion at a slight loss
Publix CEO Todd Jones and a rendering of the project

Publix in Fort Lauderdale Beach moves forward

Publix in Fort Lauderdale Beach moves forward
601-607 Northeast 29th Drive and 999 Northeast 23rd Drive (Google Maps)

Investors pay $13M for multifamily portfolio in Fort Lauderdale, Wilton Manors

Investors pay $13M for multifamily portfolio in Fort Lauderdale, Wilton Manors
Mike Napoli and 2501 Delmar Place (Getty, Coldwell Banker)

He’s out: Baseball’s Mike Napoli sells waterfront Fort Lauderdale mansion for $7M

He’s out: Baseball’s Mike Napoli sells waterfront Fort Lauderdale mansion for $7M
4 West Las Olas

Fort Lauderdale developers score $92M bridge loan for rental tower

Fort Lauderdale developers score $92M bridge loan for rental tower
John Moran Jr. and 5 Isla Bahia Terrace, Fort Lauderdale

Warehousing CEO pays $8M for waterfront Fort Lauderdale house

Warehousing CEO pays $8M for waterfront Fort Lauderdale house
Kolter’s Bobby Julien and a rendering of the project (Kobi Karp)

Kolter wins approval for oceanside Fort Lauderdale condo development

Kolter wins approval for oceanside Fort Lauderdale condo development
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...