Stiles Property Fund and PREI Acquire Trophy Class A Office Asset in Downtown Fort Lauderdale

Florida

Date:

Stiles Property Fund and PREI Acquire Trophy Class A Office Asset in Downtown Fort Lauderdale

Author: Alicia Miguel

The Property was acquired from Invesco Ltd. for $108 million, or $383 per square foot, by a joint-venture between Stiles Property Fund (SPF) and PREI

The asset is 86% leased and encompasses 281,713 square feet of office and ground-floor retail space