Broward Office Building Trades For $6.5M

Mar 31, 2011 No Comments by

Pimo Capital LLC acquired Coral Springs Executive Tower, located at 210 N. University Dr. in Coral Springs, FL from Coneca Properties, Ltd. for $6.5 million, or about $81 per square foot.

The property is a nine-story, 80,380-square-foot building constructed in 1985.

The property transferred as a short sale, with the seller having a $9.3 million balance on its original loan for the property.

Bill Griffin of Coneca Properties, Ltd. represented the seller in-house. The buyer was not represented, and will retain Coneca Properties to continue leasing and management of the property.

Source:  CoStar

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