Thomas D. Wood & Company Obtains $32.5 Million Construction Loan For New Offices, Garage Next To Broward Courthouse

May 30, 2018 No Comments by

Fred Welker, Senior Vice President of Thomas D. Wood & Company worked on behalf of Blackhawk Properties & Investments to place the three-year construction loan for the property located at 550 South Andrews Avenue in Fort Lauderdale. 

Located in downtown Fort Lauderdale’s South of Las Olas district (SOLO), 550 sits across from a Publix and immediately next to the new Broward County Courthouse.The property already under construction will have 99,466 square feet of office & retail space in a 7-story building and adjoining parking garage containing approximately 664 parking spaces situated on approximately 1.5 acres of land area.  Approximately twenty (20%) of the space is under signed Letter of Intents.  The 550 building will have 14,000 sf of ground level retail and restaurant space.

Blackhawk Properties & Investment’s principals William Murphy and Kate Murphy assembled the 1.5 acres of land by acquisitions since 2013. Planned completion of the development is scheduled for Spring of 2019.

Berger Commercial Realty Senior Vice Presidents Joe Byrnes and Steve Hyatt with  is serving as the property’s exclusive leasing agent.

 

Source: Miami’s Community Newspapers

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Broward County Office, Broward County Retail, Industry News, NA, Office, Retail
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