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Fort Lauderdale Sells Development Site to Liberty Property Trust

Located just south of Interstate 595 and minutes from Interstate 95 and Florida’s turnpike, the site attracted five bids, ranging from $12 million up to the final sale price of $13.9 million.

Colliers South Florida EVP Steven Wasserman Colliers South Florida EVP Steven Wasserman

FORT LAUDERDALE, FL—Liberty Property Trust bested four other bidders and has acquired a 28-acre industrial site in Dania Beach here for $13.9 million from the City of Fort Lauderdale.

The Malvern, PA-based REIT closed on the purchase of the property at 4030 State Road 7 on Tuesday after the City of Fort Lauderdale conducted a sealed bid sale process and performed a short due diligence, according to Colliers International, which brokered the deal for the city. Colliers International South Florida brokers Steven Wasserman and Brooke Berkowitz represented the City of Fort Lauderdale in the property sale to Liberty Property Limited Partnership.

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John Jordan

John Jordan

John Jordan is a veteran journalist with 36 years of print and digital media experience.

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