Fort Lauderdale industrial park sells for $14.8M
East Port Center, a fully occupied industrial park in Fort Lauderdale, sold for $14.8 million, or $136 per square foot.
Two senior vice presidents of Berger Commercial Realty/CORFAC International, St. George Guardabassi and Judy Dolan, represented the seller, EJP East Port, LLC.
The buyer, East Port Center, LLC, retained Berger Commercial Realty as the exclusive leasing agent and property manager for the industrial park following the April 26 closing of the transaction.
“We look forward to continuing our track record of keeping the property at 100 percent occupancy,” Dolan said in a prepared statement.
Dolan and Guardabassi have handled leasing at East Port Center for several years and have signed such major tenants as Azimut Benetti, Dow Electronics and Pantropic Power.
East Port Center is located at 1881 to 1887 State Road 84, within two miles of Fort Lauderdale/Hollywood International Airport and Port Everglades.
The property’s location at the intersection of Interstate 95 and Marina Mile Road makes it accessible from major roadways including I-595, Florida’s Turnpike, State Road 7 and Federal Highway.
Source: The Real Deal