How Extending Leases Drove Up Sale Price

FORT LAUDERDALE, FL—Often times driving the best disposition price on a commercial real estate asset means getting creative with leasing prior to marketing the asset. Such is the case with Plantation Tech 1, a 37,357-square-foot office building located at 6600 Northwest 16th Street within, Plantation Technology Park in the Fort Lauderdale suburb of Plantation, FL.

“The investment community remains fixated on value-add properties, but as the market recovers those opportunities are drying up,” David Duckworth, vice president of Investment sales with Avison Young, tells GlobeSt.com. “It is good time for investors to adjust their sights and start to focus on stabilized properties that offer solid returns with less risk.”