FORT LAUDERDALE-Stiles Realty reports it has brokered a record retail property sale here. The brokerage firm says the sale of the 22,655-square-foot retail condo in downtown Fort Lauderdale at 11 N. Federal Highway sold at a record $406 per square-foot.
Owner REIMS Waverly sold the property to Waverly 1 and 2 LLC, which is managed by Mel Steir. The sale price for the property was $9.2 million.
Stiles Realty's Ryan Karlin and Dan Coyle represented the seller. YUL Investment's Eric Finkleberg represented the buyer, according to the South Florida Business Journal.
Tenants in the property include E-Trade, PNC Bank, Egmondt Bakery, Body Care by Dr. Stratt and Inligua Language Center. See story in the South Florida Business Journal.
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
