FOR INFORMATION
REGARDING LEASING,
please email us at
leasing@newbostonfund.com
or call 1.866.DIAL.NBF

RETURN TO LIST >

BayView Corporate Tower
Ft. Lauderdale, FL 33308

Acquired

12/21/2007

Location

The asset is located in Ft. Lauderdale, FL along US-1, approximately half a mile from the Intracoastal at the eastern edge of the Cypress Creek submarket. BayView Corporate Tower not only offers proximity to multiple medical facilities and high-end housing, it also serves as a unique lower cost alternative to the hub of Cypress Creek clustered around I-95.

Description

BayView Corporate Tower is a 12-story, Class A building and a single-story annex totaling 413,390 SF of office space. The property is situated on a 9.8-acre site that features a 4.7 spaces/1,000 SF parking ratio and has development potential over 100,000 SF of office and retail space. BayView Corporate Tower was 87% leased at the time of acquisition and has been awarded the BOMA Office Building of the Year award in the Broward/Palm Beach County area from 2003-2007.

Investment Rationale

Acquired signifcantly below replacement cost
Property occupies a niche due to its location and large floor plates
87% leased at acquisition, mostly to large corporate clients with good credit




Fund Ownership

VII

Map

For more information regarding properties for sale, please email us at sales@newbostonfund.com or call 1.866.DIAL.NBF