Downtown SouthTrust Plaza in Play

FORT LAUDERDALE, FL-Regency Holdings of Jacksonville, FL is selling the 19-story, 337,000 sf office tower here for an estimated $57 million or about $169 per sf, according to brokers familiar with the deal. Fort Lauderdale is 25 miles north of Downtown Miami.

By Alex Finkelstein | November 09, 2000 at 01:01 AM

The Miami office of New York-based Sonnenblick-Goldman Co. is brokering the transaction. At least two American pension funds are interested in the property. The California State Teachers Retirement System of Sacramento, CA backed out of a deal to buy the tower last month after a corporate decision to temporarily freeze all new acquisitions.

Regency Holdings is a private partnership affiliated with Regency Realty in Jacksonville.

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