MIAMI—Pinnacle Corporate Park 1 and II—two class A suburbanoffice buildings totaling 262,434 square feet in Fort Lauderdale,FL—have traded hands. Northwest Mutual sold theoffice assets to a joint venture between Banyan StreetCapital and DRA Advisors for $38.1million free and clear of existing debt.

HFF managing director HermenRodriguez, director Ike Ojala, and seniorreal estate analyst Jorge Portela represented theseller. That brings HFF's office transaction closings to more than$48 million across all capital markets platforms in the state ofFlorida in 2013.

“Pinnacle Corporate Park has an exceptional office locationthanks to its proximity to Fort Lauderdale's central businessdistrict, Interstate 95 and the Tri-Rail, and the property is inexceptional physical condition,” says Rodriguez. “The offeringreceived strong interest from a wide variety of investors, drivenby the property's physical attributes and strong rent-roll.”

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