The 43,294-sf, four-story office building, located at 1800 S.Australian Blvd. and bordering Interstate 95, was built in 1986. Itsits on a little more than three acres.
The building is 97% leased, and its eight tenants include: K.Hovnanian Mortgage Inc.; Johnson, Levinson, Slider, Davila Inc.;and The Morganti Group Inc.
BPG bought the property in November 1997 for $4.5 million. JohnL. Brogan, vice president of BPG, was responsible for theproperty's acquisition, management and sale. "We were very pleasedwith our ability to successfully increase rents over the last fiveyears while maintaining an exceptionally high tenant retentionratio," says Brogan in a statement.
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