Warwick Hollywood Properties LLC paid $6.5 million, or justabove $82 per sf, for a portfolio consisting of nine of the 11industrial units at 2311 Thomas St. here, plus two parking lotsacross N. 23rd Street. The asset had been occupied by a singletenant and was sold 100% vacant.

The overall industrial vacancy rate in Southeast Broward is1.9%, and the average asking rental rate is $7.99 per sf, accordingto data from the area office of CB Richard Ellis. Marc Strauss,senior investment associate, and sales associate Chuck Ruddy of theFort Lauderdale office of Marcus & Millichap, represented theseller, identified as Two & Four Inc., and also secured thebuyer.

In Lauderdale Lakes, 21st Century Holding Co. sold the 40,000-sfBank of America office building at 3661 W. Oakland Park Blvd. alongwith a 2.5-acre adjacent lot to Wilton Centre LLC for $5.9 million,or $147.50 per sf. Prior to the sale, the seller inked a six-yearlease for a little more than 50% of the building, which alsoincludes a BofA branch. Brian DiRienzo and Grant Savage, VPs in theBoca Raton office of Grubb & Ellis, represented both the buyerand the seller in the transaction and also negotiated 21stCentury's lease.