FORT LAUDERDALE, FL—In what ARA Newmark iscalling a new record for land pricing per unit on non-oceanfrontland in South Florida, a .63-acre development site in FortLauderdale, FL just traded hands. The sale price: $10 million, orjust over 454,000 per unit.
ARA Newmark's South Florida Land Division senior managingdirector Troy Ballard served as lead advisor forthe seller Jeremy Bedzow and Grand Birch. ARAexecutive managing director Avery Klann and vicechairman Marc deBaptiste supported Bedzow in thedeal.
“This kind of pricing is usually reserved for oceanfront sites,”says Ballard. “This transaction simply supports what anextraordinary site this is, and the high quality development thatis forthcoming.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
