FORT LAUDERDALE, FL – The joint-venture partnership of Banyan Street Capital and a fund managed by DRA Advisors LLC has sold the two-building, class A office portfolio, Pinnacle Corporate Park, in Fort Lauderdale, FL for $58.9 million.
The 259,458-square-foot portfolio was purchased by Pinnacle Corporate Park LLC, managed by Feldman Equities based in St. Petersburg, FL. The buyer purchased Pinnacle Corporate Park with capital raised through crowdfunding on Crowstreet.com.
The sales price, representing $226 per-square-foot, serves as the highest price per-square-foot sale in Broward County's Cypress Creek submarket in the past decade.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
